Nature of payment transaction
Rakesh kushwah (CA (Tax Management)) (132 Points)
17 August 2022
proprietor transfer payment to family members account, kon se head me Entry karenge
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185633 Points)
Replied 17 August 2022
Either loan to such members or to proprietor's capital account, depending upon its nature.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 17 August 2022
Agar loan form me hai to as Loans & advances, Agar gift hai to as a gift in capital account.
Also shown under drawings in capital account
Also shown under drawings in capital account
Rakesh kushwah
(CA (Tax Management))
(132 Points)
Replied 17 August 2022
Thank you
@ Dhirajlal Rambhia
@ CA Rashmi Gandhi
@ Dhirajlal Rambhia
@ CA Rashmi Gandhi
Recent Topics
- E-way Bill Limit In Maharashtra
- Requirement of filing of form MSME-1
- Income tax query capital gain & exemption
- LTCG on flat
- Acquisition Cost after Merger
- Clubbing (Income Tax)
- Sales Invoice raised in feb-25 but now some materi
- Transfer of Nominee Share to Body corporate
- GSTR 4 FOR 24-25 due date of annual return
- Which ITR form required ?
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
