Consider Loan Or Investment
Anoop Jain (107 Points)
09 May 2022what should i consider this amount as loan or investment for my person Account and my firm Account
kindly suggest
Anoop Jain (107 Points)
09 May 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14581 Points)
Replied 09 May 2022
sabyasachi mukherjee
(27243 Points)
Replied 10 May 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14581 Points)
Replied 10 May 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14581 Points)
Replied 10 May 2022
Pramod Limaye
(Chartered Accountant)
(172 Points)
Replied 10 May 2022
In my view, the amount of TDS paid out of personal account can be credited to Capital Account since this is a Proprietary Firm and he is the sole businessman.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)