Nature of payment transaction
Rakesh kushwah (CA (Tax Management)) (132 Points)
17 August 2022
proprietor transfer payment to family members account, kon se head me Entry karenge
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 17 August 2022
Either loan to such members or to proprietor's capital account, depending upon its nature.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 17 August 2022
Agar loan form me hai to as Loans & advances, Agar gift hai to as a gift in capital account.
Also shown under drawings in capital account
Also shown under drawings in capital account
Rakesh kushwah
(CA (Tax Management))
(132 Points)
Replied 17 August 2022
Thank you
@ Dhirajlal Rambhia
@ CA Rashmi Gandhi
@ Dhirajlal Rambhia
@ CA Rashmi Gandhi
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