Business and salary income

CA Rashmi Gandhi (Chartered Accountant) (86318 Points)
Replied 03 July 2022

He asked that while preparing BS and for preparing BS you need to show capital. Salary is part of capital. So better let the querist reply .

I don't need your suggestions here

Eswar Reddy S (CFO- at NHTF) (58265 Points)
Replied 03 July 2022

This is public plat form you being CA proved to be wrong and you can't delete this thread ..

Many times you quoted senseless..After reading this post members come to know who is senseless

4 Like

CA Rashmi Gandhi (Chartered Accountant) (86318 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) (58265 Points)
Replied 04 July 2022

You don't accept the mistakes and you feel that you always correct

3 Like

CA Rashmi Gandhi (Chartered Accountant) (86318 Points)
Replied 04 July 2022

Never ever , but let other decide

eswar reddy (16 Points)
Replied 04 July 2022

But while posting the comments you never quoted it's just your opinion and let's wait for other comments..

CA Surya Sekar (CFO ) (1347 Points)
Replied 04 July 2022

You can not comment the professionals like CAs..There will be many area's in accounts and taxation need not be expert in each and every aspect ..

A practicing professionals can refer the books , latest news , notifications etc .....

Don't go personal and restrict to the answer.

1 Like

Eswar Reddy S (CFO- at NHTF) (58265 Points)
Replied 04 July 2022

You just read her past comments and come again

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86318 Points)
Replied 04 July 2022

I gave my opinion only and let wait for other opinion also.

1 Like

Eswar Reddy S (CFO- at NHTF) (58265 Points)
Replied 04 July 2022

God knows why CA Surya Sekar came in between

2 Like

JJJ (Need help) (673 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!

1 Like

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.

1 Like

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.

1 Like