3 Replies
sabyasachi mukherjee
(27692 Points)
Replied 15 December 2020
Business and personal expenses are seperate,hence you can't integrate both under one common platform.
There may be some disclosure parameters as per Schedule Vi
There may be some disclosure parameters as per Schedule Vi
ayusmita
(Tax consultant)
(5885 Points)
Replied 16 December 2020
You can't show whole total of house loan in balance sheet as it's interest and principal are treated differently in financial statement
sabyasachi mukherjee
(27692 Points)
Replied 17 December 2020
If it's an individual's balance sheet then its absolutely fine.
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