Books of account
This query is : Resolved
02 September 2013
DEAR SIRS,
My Question is are lawyers supposed to maintain books of account and how?
Thanks
My Question is are lawyers supposed to maintain books of account and how?
Thanks
02 September 2013
Yes lawyers need to maintain books as per sec 44AA prescribes all professionals to maintain and lawyers are covered by it.
03 September 2013
Can you specify Sir what books etc is a lawyer supposed to maintain other than a cash book of receipts of fee?That would be very helpful to me.
THANKS IN ADVANCE
THANKS IN ADVANCE
03 September 2013
Those books which are mentioned under section 44AA of Income tax act.
Message likes :
1 times
Ganeshbabu K
(Expert)
06 September 2013
what are those books mentioned in section 44AA for lawyers please kindly provide the list of books mentioned there in with relevant clause
.
.
.
.
in general you better maintain a tally
.
however you should maintain cash vouchers,and bank payment vouchers,and journal vouchers and all transactions to be recorded in tally will be helpful to auditor to assess your income and file your return
.
.
.
.
in general you better maintain a tally
.
however you should maintain cash vouchers,and bank payment vouchers,and journal vouchers and all transactions to be recorded in tally will be helpful to auditor to assess your income and file your return
Message likes :
1 times
06 September 2013
Ganesh babu Sir,
Cash vouchers to record cash payments of professional expenses like salary to staff. What is bank payment vouchers ? Is it pay in /deposit slip? And what is journal voucher? Kindly explain sir
Thanks in advance
Cash vouchers to record cash payments of professional expenses like salary to staff. What is bank payment vouchers ? Is it pay in /deposit slip? And what is journal voucher? Kindly explain sir
Thanks in advance
Ganeshbabu K
(Expert)
06 September 2013
1)if you pay expences in cash you have to maintain cash vouchers and evidence required for cash vouchers..like repairs expences and others where you have to take receiver signature,,authorised signature
2)bank payment voucher means if you make payments in cheque it should be supported by bank payment voucehr
you better appoint some small accountant
2)bank payment voucher means if you make payments in cheque it should be supported by bank payment voucehr
you better appoint some small accountant
06 September 2013
Ganesh Sir,
At this stage I do not need an accountant. I want to learn and do it myself.
What is journal voucher? Please tell me is there any easy to do accounting software (other than tally) for professionals ,not very expensive, where I can make entries of all my fees and expenses in my free time and at the end of the fy the balance sheet and profit loss statement is ready for printout and I can do my efiling without any running around.
thanks in advance
At this stage I do not need an accountant. I want to learn and do it myself.
What is journal voucher? Please tell me is there any easy to do accounting software (other than tally) for professionals ,not very expensive, where I can make entries of all my fees and expenses in my free time and at the end of the fy the balance sheet and profit loss statement is ready for printout and I can do my efiling without any running around.
thanks in advance
Ganeshbabu K
(Expert)
06 September 2013
tally is the user friendly software
.
.
if you dont want to go for tally
.
.
better you go for manual books and maintain ledgers of customers in ledger books and can summarise at year end
.
.
however you can get crack version of tally also consult some sofware vendor/or some other having knowledge of tally already they may help you
.
.
if you dont want to go for tally
.
.
better you go for manual books and maintain ledgers of customers in ledger books and can summarise at year end
.
.
however you can get crack version of tally also consult some sofware vendor/or some other having knowledge of tally already they may help you
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
