We have given work for doing vertical blinds- interior curtain work for our office. it costs Rs.24000/- on which head I have yo account the same.

How to remove unrealised exchange gain or loss from tally balance sheet. When creating a new company for next year . I am getting the above as opening balance difference after transfer of clo ising balances

what transfer pricing

who are liable for audit u/s 44ad?

Sir, if a person purchases shares on cum- right basis, and further sell his right, then what to do - whether to assume it a capital receipt to decrease cost of investment or profit to carry it in profit and loss account .

Please give me answer to following problem. ... Mr.X bought a forward contract for 3 months of US $200,000 on 1st December 2014 at 1 US $ =44.10 when the exchange rate was 1 US $=43.90. On 31st December 2014, when he closed his books, exchange rate was 1 US $=44.20. On 31st January 2015 he decided to sell the contract at 44.30 per dollar. Show how the profits from the contract will be recognised in the books of Mr.X.

Hello everyone... kindly solve my query regarding the assets to be shown in BALANCE SHEET : (Please consider the query in regards to Sole Proprietorship & Partnership firm) Basically, everyone knows that Balance Sheet includes all those assets which are incorporated in business to earn profits. Now my query is should those assets be shown in the balance sheet which generates income which are taxable in source other then PGBP (business income). It should be noted that the income being generated is further invested in business to earn business income. Also such income is increasing the capital of the firm. Take an example of "Rental Income " which is taxable in house property and income so generated is being added to capital. Now should the Building (asset) is to be shown in Balance sheet??

Dear Sir,

Greetings of the day.

I want to ask that whether it is mandatory to show tax provision as current tax under the head tax expenses??

Any mandatory requirement as per schedule - III or income tax act??

Please reply on an urgent basis...

Thanks and Regards,
Nihal Joshi.

how to treat car loan principal Amt and interest in p/l A/c
car is both purpose personal & business

We r a newly started society. purchased fixed Assets like Ac, Fridge, oven, furniture, , computer etc. While taking Audit compliance, Financial Report, BS in Tally.ERP9 fixed Asset section it is marked in red letters as Non-grouped asset. Is there any mistake in my entry. For example: the ledger Ac Is coming under Fixed Asset. In journal Ac Dr 34000 To Abc 34000. Pls. help me Thanks.