Hello All,
One of My client received an investment from another person of Rs.20lakh for 10% of his bussiness. Now I want to know how this will be shown in a/c of my client????
5 Replies
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 26 August 2017
You can admit that person as a partner of issue shares (if Pvt. Ltd.) - You can show amount payable as remuneration
or you can provide Interest - you can show amount as interest after dedcting TDS
(Suggestion is provided on plain reading of your question)
Ninad
(Student)
(278 Points)
Replied 26 August 2017
Thanks Rakesh
The investing Person Cannot be shown as Partner he just invested the money in Bussiness also he cant be shown as Lender of money as he has requested the same. The Investor wants to show the amount invested as Investment even in his Books Of A/c..
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 26 August 2017
If investor wants to show amount as investment then in which form he want to show
he have options as 1. Partner capital Investment, 2. Investment in equity, 3. or amount is given as a loan
Ninad
(Student)
(278 Points)
Replied 26 August 2017
He wants to show it as investment in equity and we also want to show them as the same...
Registerexperts.com
(company registeration)
(34 Points)
Replied 12 September 2017
You can admit that person as a partner of issue shares (if Pvt. Ltd.) - You can show amount payable as remuneration or you can provide Interest - you can show amount as interest after dedcting TDS
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