Showing of salary recieved in balnce sheet
Waseem Syed (Advocate ) (272 Points)
29 December 2024Waseem Syed (Advocate ) (272 Points)
29 December 2024
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6391 Points)
Replied 29 December 2024
1. "Other Income" or "Non-Business Income"
2. "Salary Income" (if you want to disclose it separately) Example Suppose your business has:
1. Business Income: ₹1,000,000
2. Salary Income: ₹500,000 In your Profit & Loss Account, you would report:
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies