09 September 2010
Dear Experts, For an Assessee doing business he has 2 places of business. One is treated as Head Office and the other as Branch Office. Both the Head Office and Branch Office has separate Trial Balance. Assessee does not want to file separate P&L A/c and Balance Sheet starting from this year. My doubts are (1) In both the T.B. there is stock transfer from H.O. and B.O. How i have to treat the stock transfer from H.O. other than not crediting in P&L A/c? With regards, Rajesh.
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