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Regarding income tax filing

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2014 Can we show the marriage expenses and income in capital account of individual for his sons marriage while filing the income tax return.
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
26 June 2014 For individual, there is no need to file Capital account and P&L BS. For your record purpose, you can show it in your P&L A/c. It doesn't affect your income statement.
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Rupesh Jain

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Rupesh Jain (Expert)
26 June 2014 it is personal exp. and debit or credit his personal capital a/c
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