Mr. reddy
all the income has to be reported which is credited in your bank account.
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Only income has to be considered in ITR need not be all credits in bank account.
Check the query. He has no income and not doing job but he has bank balance . What does it mean ?
Check the query. He has no income and not doing job but he has bank balance . What does it mean ?
If he is not doing any job from where does the balance arises
1
transferred as gift
2. invested few years back but then earned as interest.
1
transferred as gift
2. invested few years back but then earned as interest.
May be parental property or some black money
Rashmi Gandhi CA Mam thanks for your reply
Rashmi Gandhi CA Mam thanks for your reply
Welcome Dear
🌟 In tally , if I want to payable means my Amount will shown in( credit side )
If I said the amount to my party means it will be debit side shown
Am I correct
If I wants to receivable my sundry debtors means it will show in debit side of my tally account, after I received that money means it will shown in credit side am I correct
does all this transactions are based on the banking entries through the payment of client??
🌟 In tally , if I want to payable means my Amount will shown in( credit side )
If I said the amount to my party means it will be debit side shown
Am I correct
If I wants to receivable my sundry debtors means it will show in debit side of my tally account, after I received that money means it will shown in credit side am I correct
does all this transactions are based on the banking entries through the payment of client??
Yes you are correct, however you need to ask query more clearly
Sorry excuse me ,sure mam
Thanks
A wrong perception not black money.
Go to any metro cities, there are lot of establishment rendering different services so I think there footfalls are not much do justify and cover up fixed cost and contribution.Its very logical you might be knowing.So now tell me how they manage business. One source is huge capital managed from reliable sources. The financial statements will reflect that . This is how it works.
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