Sir if i am earning interest in my name ,
not in my business name should i have to show it in the p&l of the business?
please tell me about this topic in details i am little bit confuse.
it's my humble request to you.
Menu
Interest on saving and fd a/c
Replies (3)
No need.
Interest of savings account as well as FDs in bank need not be declared in profit & loss account of Business.
No. However, this interest should be offered to tax as income from other sources.
No need to show
Recent Topic
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
Related Topics
CAclubindia
