Hi,
I have a software which can calculate long term, sort term & intrdaday capital gain/loss automatically on fifo mathod. Those you wanted to know they can contact on my mail id.
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How to do Accounting of Shares in TAlly
Tally is the best software according to me
wish to lean share accounts in tally
Please tell me about the tax treatment of Currency Derivatives.
| Originally posted by :Guest | ||
| " |
Hi,
Hi can u please forward the details of this software???? My mail id is stmahamuni @ gmail.com |
" |
please send me software my mail id is mgp.bhunaya @ gmail.com
Please send me the software. I will be grateful to you.
For FREE SHARE ACCOUNTING SOFTWARE - PERSONAL ACCOUNTING SOFTWARE
Please view my latest topic:
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Hello
As we have purchased the Symantec antivirus of 100 nos for the office.
Now the ques is does this comes under fixed asset or directly under the indirect expenses.
Thank you in advance.
| Originally posted by : CA Pradip Shah | ||
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Dear Friends, Firstly, create a company as "Accounts with Inventory" Option. Create following ledger accounts in tally 1. Purchase of Shares A/c' 2. Sale of Shares A/c (Open the above accounts under Purchase and Sale respy) 3. Speculation Purchase A/c 4. Speculation Sales A/c (Open the above accounts as Direct Exps. or Income head. The head here will not make any difference as at the end of the year we will be netting off the two speculation account) For Inventory of Shares follow following steps. 1. Open two groups: i. Speculative Transactions Stock ii. Delivery Based Transaction Stock Mention each shares under two inventory groups by adding the same as stock item. CAUTION: Here make sure that you open two seperate accounts for the same stock if you are dealing in both Delivery Transactions and Speculative Transaction. E.g. Share of TISCO is defined in tally as TISCO - D and TISCO - S where D and S suggest that the entry in the inventory is for Delivery (D) and for Speculative (S) Transaction. After above steps start entering entry BILL WISE only in JOURNAL mode. At the end of the year close any one speculation account by transfering the balance to other speculation account. Balance either speculation profit or loss can be used for seperate reporting for Income Tax Purpose. Hope this points will help you in accounting share transactions in Tally. Regards, Pradip Shah |
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