Dear Sir ,

I am running one business in the name of Anant Traders (Sole proprietorShip Firm ) . i am maintaining the books in that name also . i have some rental income & Saving interest income which is depositing in my personal account which is in the name of sharad mittal . i want to know whether i just include the rental income & interest income in the books of anant trader which i am maintaining .or some other books i need to maintain for interest income ( income from other Source ) & Home rent ( Income from house property ) . All this i am asking for income tax purpose.

Hi,

Can anyone explain me the concept of Lease equalization Reserve in straight line, we have a lease agreement for 3.5 years and we are paying rent on monthly basis to the Tenant as per their GST bill issued by them, I have passed the journal entries every month as per GST & TDS deduction norms, but how does it pertains to Lease equalization Reserve & what journal entries I should post in order to consider lease equalization reserve.

Please suggest....?

Hello, everyone..... Good Evening....... My Company incurred a big amount of contraction expense on rented factory premises and lease period is 3 years.
now my ques is how can I book these expense ...........
kindly suggest an appropriate accounting method........
thanks in advance

SIR,
interest income from fixed deposit and savings bank account income amounts treatment in books capital account transferred or profit and loss account transferred below two options.
1. It assess non business person.
2. it assess business person.

Sir,
Assess trial balance difference amount rs:4256.10 credit in books
Question:
Trial balance difference amount transferred to capital account or profit and loss account correct procedure.

Dear Expert,

We have taken Land for lease upto 5 year. We have entered agreement and the same need to registered.
We have paid Advocate Fees Rs 5000 and Registration charges 38000. As per IND AS-116, these costs should be included in the asset to find ROU.? If yes, all the expenses covered under " Lease A/C only or we account these expense in difference GL ( Legal Service & Registration Fees A/C ).?

Sir/Madam
If company has shifted to new place and incurred expenses on wiring related to computer networks like server installation, wiring etc. then it will cover under which Asset head????????????

ABD (Proprietorship Firm) received Land as a gift Value Rs. 50 lakh &Reg Fess Rs. 60,000/- from mother .

Please suggest : Following Journal Entries is Correct or Not. If No, Please Reply with Correct entry

1. Land (Fixed Assets) -- A/C Dr. 50lakh
to Capital A/C Cr. 50lakh.

IN BALANCE SHEET:
ADD 50LAKH TO CAPITAL A/C IN LIABILITY SIDE AND ASSETS SIDE : 50LAKH SHOW SEPARATELY.

2. Registration fees will be added to Value Of Land or Not ?
plz reply as early as possible

THanking You
Bikash Rai

Can anybody provide me the entries in tally of of future & option .

only contract with me . how to know expiry or settlement date .

& how to maintain shares in closing stock as on 31/03/2021.

Dear Sir

Please advise I have made FD in RS.500000/- in today and one FD Rs.850000/- will renewal in current month September. So these are high value transcation can it reflect in my 26AS SFT colum