what is meaning of SOP.
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Answer / manoj s
In case of INCOME TAX.. IT IS SELF OCCUPIED PROPERTY U/S
SECTION 23 OF INCOME TAX ACT 1961
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Answer / priyanka
A well-written SOP can be used to satisfy compliance requirements.
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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