Dear Experts, one of our company dealing in service sector. Accountant uses Tally as accounting software. He entered all the sale / purchase bill in journal entries in Tally as there is no need to maintain inventory. Are these entries okay or not as per Company's Act or Income Tax Act.
will income tax department disallow all the revenue just because of this (sales entry in journal in Tally).
Thanks in Advance

Dear Sir,

A person invested Rs.50000/- In January 2022. But still its not updated in Ais form. So can he need to shown Interest from Jan to March 22 in ITR or shown in January 2027 ( Whole interest) when it mature. Can A person Claim 80C deduction of RS.50000/-
also Post office Saving account interest also not reflect in Ais form So please suggest

Hi,

The query is , A company name Infra is having a Project Green Venture, Receipts( Received in Infra a/c) and Payment( Paid through Infra a/c) entries related to Green Venture entered in Tally. Now the Management wants to move this Project and all transactions related to Green Venture in Pears Constructions. How can I do that?

Ex: Infra Closing balance is Rs. 1,50,000/- now I want to transfer this amount in Pears Contructions. Which under group should I Select for Pears and the same for Infra in Pears.

Please Help to sort out this issue.

Thankyou

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Read more at: https://www.caclubindia.com/experts/regarding-transfer-of-balance-sheet-2874504.asp

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