3. WHAT DO YOU UNDERSTAND BY THE TERM”CAPITAL GAINS” USED IN THE INCOME TAX ACT? WHAT ARE THE RULES REGARDING EXEMPTION OF CAPITAL GAINS.
4 11409Post New CitiGroup Banking Finance Interview Questions
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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 Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt.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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