Saving account in books of account

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Nisha Kathuria (Querist)
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22 September 2023 Dear Sir

Its mandatory to show saving account,s transaction in books of accounts in proprietor,s ship firm.
Prop has 3 saving account where no business transaction only LPG Subsidy, saving account interest, bike insurance claim etc
please advise

RAJA P M

RAJA P M (Expert)
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22 September 2023 Yes, All Bank accounts will be shown. But, As Your said Expenses will be account and transfer to capital Account... No more effects in the business Account...

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Nisha Kathuria

Nisha Kathuria (Querist)
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22 September 2023 Thank you very much Raja Sir,

Please clear one more doubt

1. I have Short term Capital grain from MF and Stock so i have to selected Schlude of Long term & Short term both
2. I have sold mutual fund Rs.25200/- and Stock of Rs.46400/- so i have to add Rs.25200+46400 Rs. 71600 show in colum 111A Full Value of Consideration Rs.71600/-

3. I have purchase mutual fund Rs.26100/- and Stock of Rs.32900/- so i have to add Rs.26100 +32900 and put in Rs.59000/- cost of acquisition without indexation Rs .59000/- and then Capital gain short Term RS 12600/-

RAJA P M

RAJA P M (Expert)
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22 September 2023 You are most welcome...

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