hello..... my 1st query is "can we show the personal invesments made by a sole proprietor in shares, mutual funds etc as drawings"......... i dont think its compulsory to show it in p/l ac as it is not related directly to the business and it can be termed as personal for sole proprietorship.. my 2nd query is dat normally we show investment(capital) losses in the p/l ac, but there is no such coloumn in p/l ac of itr4 where we can show this loss,, should we show this loss as other expense ???........ its urgent, pls reply asap
Investment in sole proprietorship
pooja (student cpt) (93 Points)
10 September 2012