hello,
i have agricultural land also have its valuation certificate of that agricultural land, certified by the government. can I show the government valuation amount in my Balance Sheet Asset Side under Fixed Asset comprising Agricultural Land?

Dear Sir

My annual income is less then basic limit so i am not Filed ITR but i am saving Rs.60K to 70K from 2015 to each year In previous current years my annual income exceeded from Basic limit and I have ITR-1 I have deposit Cash in my SB account in SBI and post office so please suggest can i face from income tax department.
Rs.34200/- 2015-16 In Bank
Rs.39450/- 2016-17 in Bank
Rs. 54320/-2017-2018 In Bank
Rs.64110/- 2018-2019 In Bank
Rs.31100/-2019-2020 In Bank
RS.21100/- 2020-2021 In Bank
RS. 46400/- 2021-22 In Bank
Rs.50000/-2021-22 In POst office

Dear Sir,

We have two companies with name Globe Core Solutions and other ASMI HVAC. we have made the payment of salary through bank from globe core solutions, but we want to show the salary paid from ASMI HVAC. Kindly guide through the entry in both the books of acccounts.

Dear Experts,

Please tell me , what is the monthly limit of cash expenses

Party 'X' Sales goods to Party 'Y' and gets pay in full against the Tax Invoice , later Party 'X' claiming for Transportation charges from Party 'Y'. need to know how to account the transaction, whether Debit Note to be issue to party 'Y' or passing journal entry as Reimbursement of Expenses to be account by Debiting Party Y and Crediting Transportation charges.

Please suggest me.

Sir,
A gst registered composite scheme dealer sales of medicines to customers two types
1.sales if medicines to customers (cash receipts mode)
2.sales of medicines to customers online mode (Google pay and phone pay etc mode cash receipts)
Question:
Assessess above mentioned two types of sales transactions which Accounting head name create and accounting entry passed in books.

SIR/ MAM
We are the transporter and having few vehicles and we had also started the trading business for tyres in the same name under GST.
At the year end, after the usage of tyres for our trucks, the tyres for trading were available in stock.
Will the Depreciation applicable in both nature of transactions?
Just for a clarification so as to account all as proper.
Kindly please advice me
Thanks in adv

I need to know how to treat making charges and wastage in sale of Gold Ornaments at the time of maintaining accounts in tally

Hello Sir

I have two query :

Suppose one employee who make the payment of Airtel new connection which is in the name of partner and the same is installed at partner home . can we claimed as expense when we make the reimbursement to the employee.

2- Employee who purchase the heater for business and the bill is in the name of an employee . can we claim the gst on it and claimed as expense for reimbursement made.

Imported of Machine at Rs.115000 from China and paid custom duty Rs. 15000 (As per custom Tariff) and till 31st March,2021 if we have this machine in closing stock, while doing valuation whether we shall include the custom duty or not, I have done the valuation as under ;
Cost of goods Purchase
115000 = Basic Cost
20000 = Duty Cost
6000 = Insurance & Freight (CIF)
5000 = CHA & Other charges
146000 = Total Cost

We have charged the Custom Duty, Insurance and Freight, CHS and other Import Charges to P&L already, So this all cost would be added to Inventory or not, and if yes then which cost shall be added to Machine Value at year end?

Please advice.