Separate Balance of Individual Being Proprietor
CA Jimmit D Mehta (Employed) (494 Points)
18 April 2011
2 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 18 April 2011
obviously he can
he may have more than one business and can prepare P/L and balance sheet of all business separetely, but at the time of tax computation he has to add them all for taxation purpose.
its always preferrred to keep the business and individual investment and banking separate.
(Guest)
| Originally posted by : U S Sharma | ||
 |
obviously he can he may have more than one business and can prepare P/L and balance sheet of all business separetely, but at the time of tax computation he has to add them all for taxation purpose. its always preferrred to keep the business and individual investment and banking separate. |
 |
agreed
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