Dear Sir,

Some of my clients deal in stock trading in large volume and for that I had purchased a software many years ago and pass each and every bill entry in it for calculating capital gain on shares. After that I match the ledger account of the broker and then dmat statement matching. This process takes very long time for arriving at the capital gain and then pass necessary entries in Tally.

Is there any other way I can do the accounting of shares to complete the work in less time ?

Regards,
Divyesh Jain

Hi sir/Madam

I have one query regarding TDS Payable on Rent, From 3 years our company not yet paid TDS on Rent, we ready to pay now TDS to Income Tax Dept. with a penalty which is applicable from IT Dept. & now my question is should I record Journal Entries for TDS Payables on Rent

Thanks in Advance

In our Pvt Ltd co. directors are Husband & Wife, and both of them has given loan to Company, on the death of Director (Madam) we have transferred her loan to Director (Sir) account in the books of company.

Now, what will the accounting entry in the books of Directors and under which head ledger to be created

SIR/MAM-
We are GTA Pvt Ltd and Our directors are having their own business. They are also supplying their trucks to GTA for hiring purpose that means, there is a business connection between GTA and their business.
Hence, we are paying and receiving the cash between these businesses in case of any need of fund.
Can we continue like the above or not?
Plz give your opinion
thanks in adv

good morning all.,
My best wishes to all tax professional's for the new financial year.
i have one doubt in annual return.
while filing GSTR-9 for FY 18-19, we shown the refund details (refund claimed,refund sanctioned and refund pending) which relevant to FY 19-20. just now we looked the mistake while we filed GSTR-9 for FY 19-20. so now what would be impact due to this mistake?.
anyone clarify me sir

Dear Sir

Please suggest regarding GP. In 2018-2019 My Gross profit 8.37% In 2019-2020 its 8.37% But in current Financial year 2020-21 its 7.10% even my purchase and sale increase from last year. Can i face any issue Surcharge or plenty from Income tax or GST department.
Please guide

I am a Chartered accountant, first 6 months i was employed and was earning salary and next 6 months I was into practice and hence earning professional income.
my questions is how should I treat accounting of the tax liability in tally/books.
one ITR will be filed with both salary and professional income and one final tax amount will be computed but should i show this tax amount in my professional accounts or personal account? since i need to adjust TDS also while paying these taxes and in my professional account/tally only TDS on professional income is booked where as TDS on salary income is reflecting in my personal books.
P.S. i keep two books in tally - for my individual firm and my personal finances.

kindly guide.
thanks

Sir,

Is it possible to return goods to company through Sale bill instead of Purchase Return. All the Companies are insisting for sale bill. If sale bill can be issued , then how to bill expired/damaged good in Sale bill. Is this possible? Please help.

Sir,
It Assess accounting books outstanding balance as on 31-03-20.
Cash loan from friend balance rs: 5 lacs.(name Mr.A)
Cash loan to friend balance rs:4 lacs(name Mr.b)
Cash loan from friend Rs: 5 lacs balance cash loan to friend Rs:4 lacs Contra adjustment accounting entries passed in books as on 31-3-21.
Question:
1.Assess above contact accounting transactions allowed in it act.
2.sec 269st or 269ss applicable

Please highlight on interim dividend(recivable) declared by the other company after the closing of accounts on at the end balance sheet date.
kavan ltd has declared divdend on 10th may 2017 for theyear ended 31/3/2017, which is approved by shareholdersin AGM meeting held onn 30th june 2017.
how to report it in the books a investmnet company that has invested in the kavan Ltd.