Sumanta Das Gupta (Accountant) (310 Points)
19 July 2012I have to do a personal balance sheet for Income tax Return. My sources of Income are : Salary & Interest.. I contribute to Company's PF as well I separately contribute to PPF.
My question is : Where and how shall I show the above contributions in my personal accounts ? Can they be shown as Assets in my personal balance sheet ?
Tnks & regards.
CA Amit Jaiswal
(Finance Manager)
(2720 Points)
Replied 19 July 2012
Sumanta Das Gupta
(Accountant)
(310 Points)
Replied 19 July 2012
Thank you Sir. But if I want to make a balance sheet to build up my capital, what should be the treatment ?
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