Menu
Capital account/SOA
can salaried individual purchase a vehicle for 70000/- show in capital account as withdrawal. if not want to show in statement of affair.
Replies (1)
Vehicles purchased should be shown in asset column in balance sheet. You can also might shown as drawings in capital account
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
