I have made an investment of Rs. 236,945/- on 06-Mar-04 in Jeevan bhima Nivesh and
this has been entered in Tally at that time as investment.
The policy has since matured and how do I go about in accounting the same in Tally.
For now I had posted it as "Receipt" and the entries are as under

Jeevan Bhima Nivesh = 236,945
Cash = Rs. 472,712
Jeevan Bhima Nivesh-Bonus/Interest accrued = 235,767/-
(I created this heading under income/ indirect)
Please let me know the correct heading this has to created in)

and in the drawings:
Drawings: Rs. 472,712
cash = Rs. 472,712/-
since I had completely withdrawn this.

now it reports this Rs. 235,767/- as profit from indirect income.

How do I correct/fix this...As you know the it is completely tax free.

I have similar investments like KVP which too has matured this year...

hello sir, i am in CA final and 3rd year of articleship and my articleship will be completed in 11th august 2014. i am transfer my articleship at bombay because of transfer of my family.. please provide me the name of chartered accountant firms in bombay. thanking you in advance

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I HAVE FILED MY TDS RETURN FOR Q4 FY-2013-14 .IN WHICH PARTY ISSUED PAN NUMBER BUT BY MISTAKE IN REMARK I HAVE SHOWN "C"(HIGHER DEDUCTION). WHILE MAKING CORRECTION IN CONSO FILE IT IS NOT CHANGING. PLEASE GUIDE ME IN THIS HOW CAN I CHANGE FLAG 'C'

which is more scientific method - SLM or WDV ?

Why SLM is not very commonly used even though it is allowed by Companies Act ?

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I am an exporter of leather goods.
I want to know the Break Even point of my factory. but to calculate the Break Even point I want to know following;

1) what is fixed cost?
2) what is variable cost?
3) how I can get the product cost as I make various products of various cost.

Please guide me..

I shall be highly obliged.

Thanks.

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-thanks & regards