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 Threads
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
Related Threads
CAclubindia
