Accounting Effect

A/c entries 618 views 1 replies

For the accounts of two concern one is Pvt Ltd Company and other is Properietary Concern,under same ownership i.e. Sister Concerns mantains common invetory godown. On the ocassion of transfer of the stock in case of stock out situation in either of the concern .....Can same be regarded  as deemed purchase or sale of the other concern and vice versa???????

What accounting effect can be there ? both concern filing return under 44AB in such situation should the charge VAT at the time of sale or transfer to either of the concern??????

Replies (1)

 Plz reply friends I am in good need of ans


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details