Capital gains

Tax planning 256 views 2 replies

CA Pratik Goel

Practice

45 Points Joined January 2010

Dear Friends,

Just planning to create a group to get expert knowledge on Capital Gains.

Each member of the group need to share atleast 1 good case law OR Circular every week.

This will help the CAs who wanted to be expert in Capital Gains.

Thanks,

Pratik

Replies (2)

Imran Anim

Techno economic analyst

63 Points Joined May 2015

Hi. As per accounting rules, puchase voucher is created in case of purchase of goods on credit.If in cash, receipt voucher must be created. However, tally says purchase voucher can be created on purchase of goods on credit or cash both. Which 1 is correct?

Jishnu Surendran

Finance Manager

312 Points Joined October 2009

ofcourse it is purchase voucher...because it is more specific to your transaction....let me quote some practical accounts......there are 3 kinds of ledgers as i've learned....debtors' ledger or sold ledger....suppliers' ledger or bought ledger....and the general ledger...

cash is a general ledger account....so any transaction between a general ledger account and specific ledger account should be classified under specific ledger transactions....

i believe you understood what i am trying to say !