sec 44ada it returns professional income person different cash loan debtor and creditor outstanding balance mentioned below
1.cash loan from creditor rs:1 lacs
2.cash loan to debtor rs:1 lacs balance
question:
assess cash loan from creditor rs:1 lacs amount transferred to cash loan to debtor account adjustment accounting entry passed in books allowed in it act.
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Adjustment entry passed in books allowed in it act
Replies (1)
What do you mean by cash loan debtor and cash loan creditor?
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