1.Pls explain the steps to file income tax return as a first time individual (Pan Number available)

WHAT SHALL BE THE ACCOUNTING ENTRY FOR INCOME RECEIVED ON INVESTMENT BY BUSINESS PROPRIETOR,,,

WHETHER INCOME RECEIVED SHALL BE CREDITED IN CAPITAL ACCOUNT (BEING PROPRIETOR'S PERSONAL INCOME) OR IT SHALL BE CREDITED IN P& L ACCOUNT....

KINDLY NOTE ABOVE QUERY IS IN RELEVANT TO INCOME TAX PURPOSE

THANKS...

Dear sir,

I am working in a company. There is a issue in preparing Form VAT 240 for FY 16-17.

As per VAT Returns sales return in May-2016 (Rs.1,05,00,250/-) is not considered in Financials as well as that entry not reflected in Accounting Software Tally also.

Can i disclose it as a prior Period Item in the Financials for the current period. Kindly suggest us how can we move forward?

Thanks in advance
B. Jagan

Sir My business is running from 4 years, and I Maintain account in tally, But I never maintained the Stock In Tally from last four year. I will only pass the entries in accounting voucher. But Now I released that I have to maintain the stock from this financial year august month. But I Did not understand the process to start stock maintenance from middle of the month. What can I do , please tell me the ideas

if have some old creditors showing debit balance & some creditors not in existince showing credit balance how can i adjust these balances?? i wanted to clear them off from my balance sheet

I am a sole proprieotr.... my capital in the balance sheet is Rs 2,00,000/- i have an oustatnding housing loan of Rs 1,60,00,000/- my main issue is my bank wants the capital to be more bcz i have a CC account with the bank. how to show increase in capital for the year?? plz help

Dear Experts,
I have a query regarding that the payment of wages to the workers employees at factory in a typical rural area.
The issue is that there is heavy labourer turnover and secondly these labourer want the payment in the others bank accounts and so on (thing is that the credit accounts is not fixed however we have take many steps to credit the wages to the right persons account only but this is not possible due to heavy impact of labourer union) now we are bound to pay the labourer at their willing account (which is changing almost every month).
Now please guide me how I shall deal in my accounting as there is an number of accounting is opened in my accounting software.

purchase of capital good what should be the accounting treatment in case of non GST goods . what will the treatment of GST ? can be claimed AS ITC or GST will be added to the cost of capital goods.

Please resolve the query

, purchase of capital good what should be the accounting treatment in case of non GST goods . what will the treatment of GST ? can be claimed AS ITC or GST will be added to the cost of capital goods.

one of my supplier asked the bank guarantee(BG).i give him BG (issued by bank in favor of supplier).am i right if i show this BG amount in notes to account of Financial statement as contingent liability.