Hello to all,
I am working as an account assistant in a private limited company, our company purchased a car worth Rs. 9,73,000 in exchange of old car at 365000 and a bank loan for the rest. after 2 months company apply for its registration and paid RS. 55000 for its registration and Rs. 5000 for its vip number. please suggest me for what journal entries should be posted in tally.
Waiting for your response. and also suggest me whether registration charges are capilatized or not?

i wanted to apply for partnership firm pan card, can it be delivered at home

reason i am asking is that although we have taken the place on rent but we have not started the work (pan card may not get delivered due to unavailability of anyone)

What will be the proof of appointment of authorised signatory for gst enrolment in case of sole proprietorship?


Advance Thanks

Is this mandatory to file ADT-1 for appointment of First auditor and INC-21 for commencement of business for private ltd company after incorporation with ROC ? Paid up capital is rs. 100,000/-

Hi,

My client is a doctor. He is having income from from Consultation of Rs, 12,50,000 in FY 2015-16. Also he have his own medical shop where he is selling medicine & earning income of Rs. 8,20,000 in FY 2015-16. Please clarify, how his income will be treated?

1. Whether both income will be taxed as Income from Profession or Taxed Separately as Income from Business & income from Profession?

2. Can he opt for Presumptive Basis? if yes/ No under what section?

3. Can he go for Partnership or LLP or Pvt Ltd for opting Presumptive Basis?.



Thanks in Advance,

Hello sir/madam

at the time of Proprietorship Account up to which limit can i show cash on hand?

is there any problem if cash on hand up to Rs. 50000

Question :- In the first year of Business we have Income from Other Sources only, no purchase and sale made during the year. Can loss be set- off ( Employee Exp, depreciation etc. ) from Interest Income in the same Year.

ITO is saying as there was no business you can not set-off losses from Other sources even in the Same year.

We have two companies, one is engaged in trading & another is engaged in manufacturing. both companies have different Excise registration but same TIN no.
so we want to know if we require two separate registration for them under GST or only single registration.

Please reply as early as possible.

hello sir, my query is that which accounting standards indian entities are required to follow? either IFRS or ind AS.

Income from sale of mobile recharge voucher is a commission income or trading income.