Dear Experts,
We are suppliers of Marbles. Maintain proper books of accounts books cover under 44AB.
equity is not a main business purchase sale some shares last year. so it's mandatory to mainted books of account for equity means receod all purchase sale of stock In books of accounts.
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Equity Maintained books of accounts
Replies (5)
What is the constitute of your organization?
Is it proprietorship? partnership? LLP? Company?
Sir,
it's propritorship
it's propritorship
In your case you need not add these transactions in your business accounts.
If possible just keep separate records of sale & purchase of shares under investment. In ITR declare these in Schedule CG, as capital gain/loss.
Thank you Sir,
Your are welcome ..
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