CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 July 2022
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 03 July 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 04 July 2022
Let the members decide, why you always try to decide the correct reply even when you dont know.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 04 July 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 04 July 2022
eswar reddy
(16 Points)
Replied 04 July 2022
CA Surya Sekar
(CFO )
(1347 Points)
Replied 04 July 2022
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 04 July 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 04 July 2022
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 04 July 2022
JJJ
(Need help)
(675 Points)
Replied 04 July 2022
| Originally posted by : sabyasachi mukherjee | ||
 |
Salary is income from salary. |  |
Really? Salary is salary? Wow! No one would ever have known!
SANDIP PRADHAN-PARTNER P.G.RAN
(14 Points)
Replied 04 July 2022
WHEN SALARY IS RECEIVED IT MUST HAVE BEEN DEPOSITED IN SAVING ACCOUNT.BUSINESS HAVE NORMALLY CURRENT ACCOUNT HAVING BUSINESS NAME.SO WHILE PREPARING ITR FOR INDIVIDUAL SALARY CANNOT BE BUSINESS INCOME .IT IS SHOWN SEPRATELY UNDER SALARY INCOME. WHATEVER AMOUNT DEPOSITED IN CURRNET ACCOUNT OF BUSINESS IS CAPITAL INTRODUCED BY THE PROPRIETOR.AND BALANCE SHEET AND PROFIT AND LOSS ACCOUNT OF THE BUSINESS WILL BE PREPARED ACCORDINGLY FROM CURRENT ACCOUNT BANK ACCOUNT.
NO BALANCE SHEET IS REQUIRED FOR SALARY INCOME .SALARY INCOME WILL BE AS PER DEPOSITS MADE FROM SALARY IN SAVING ACOOUNT OR POSSIBLE FROM FORM 16 IF AVAILABLE.THAT WILL BE SHOWN INDER SALARY UNDER INCOME FROM SALARY.
SANDIP PRADHAN-PARTNER P.G.RAN
(14 Points)
Replied 04 July 2022
WHEN SALARY IS RECEIVED IT MUST HAVE BEEN DEPOSITED IN SAVING ACCOUNT.BUSINESS HAVE NORMALLY CURRENT ACCOUNT HAVING BUSINESS NAME.SO WHILE PREPARING ITR FOR INDIVIDUAL SALARY CANNOT BE BUSINESS INCOME .IT IS SHOWN SEPRATELY UNDER SALARY INCOME. WHATEVER AMOUNT DEPOSITED IN CURRNET ACCOUNT OF BUSINESS IS CAPITAL INTRODUCED BY THE PROPRIETOR.AND BALANCE SHEET AND PROFIT AND LOSS ACCOUNT OF THE BUSINESS WILL BE PREPARED ACCORDINGLY FROM CURRENT ACCOUNT BANK ACCOUNT.
NO BALANCE SHEET IS REQUIRED FOR SALARY INCOME .SALARY INCOME WILL BE AS PER DEPOSITS MADE FROM SALARY IN SAVING ACOOUNT OR POSSIBLE FROM FORM 16 IF AVAILABLE.THAT WILL BE SHOWN INDER SALARY UNDER INCOME FROM SALARY.
Waseem Syed
(271 Points)
Replied 10 July 2022
CAclubindia
