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.

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.

26 June 2014 it is personal exp. and debit or credit his personal capital a/c




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