I have four bank accounts. Only one is associated with the broker. I transfer money in and out from this account for FnO trading. So will my balance sheet reflect the cash position of this account only? Or does it have to show cash in hand for all other accounts that are not related to trading? Similarly will my current assets be only positions and money related to FnO trading in this account and with broker? Or will it be all my investments in FDs, stocks, mutual funds, bonds etc? The reason being only FnO trading is considered as business income, not bonds, FDs etc. So can I separate the FnO trading part from all other personal incomes and file them under interest income, dividend income, capital gains etc?

Dear Sir,

Suppose we get an electricity bill dated 8th April 2021 of our office for the period 07/03/2021 to 06/04/21. How should we pass this entry into our books of accounts ? Whether it should be divided into expenses payable / prior period expense or should we enter as current year expenses.

Look forward for your advice.

With best regards,

Vijay

when discount received from party

then why debited the party account
example
by party
to discount received

why not credit the party account

Dear Sir

I want to purchase a CAR for my business name tours and travels but at present, we do not ensure for using the same car in rental s services.
May be possible i am using this car after 2-3 year using rental services.

so if today I purchase the above car in the name of my tour and travels business then RTO doing
the registration according to the commercial vehicle of a private vehicle?

We have made credit sales of Rs196500/ during FY 2015-2016.Now the party wants to give the full payment in cash. Can we accept cash now from the party? Pl advise.

This provision is applicable for all contractors or there is limitation of turnover also.
contractor means - transporter, freight forwarders, clearing agents

Whether Presumptive taxation benefit under Section 44ADA is Available for resident but not Ordinary resident? (RNOR) I thought that the bifurcation of Resident -Ordinary and Not -Ordinary is only for the limited purpose of Chargeability of Income in India. And since section 44ADA is Applicable for "Resident" ,I think it is applicable for both Ordinary resident and Not Ordinary Resident. Similarly, please clarify the applicability of Section 87A rebate for Not Ordinary Resident. Thank in advance

Sir,
In case-1
Stock value as per books rs:10 lacs
Physical stock value verify in trade rs:15 lacs
In case-2
Stock value as per books rs:15 lacs
Physical stock value verify in trade rs:10 lacs
Question:
A gst registered above mentioned two cases stock difference value adjustment procedure in books under gst act.

T_FV_4324 Certificate number provided for non-deduction/lower deduction is not valid, please enter valid 10 digit certificate number.
T_FV_4326 For no deduction/higher deduction, no value should be provided under this field.
please explain how to rectify above errors in tds return process in rpu 3.6 of validation 7.1

If a person is director in more than one company then all the companies need to pay directors PT of rs 2500/- p.a or any one company paying PT for director is enough