Can NRI be the second account holder of a joint resident savings account where the primary account holder is a resident? If so, are there any limits on the number of such accounts?

Dear friends,

We are a domestic Pvt Ltd company engaged in Manufacturing. We already have a (wholly owned subsidiary) domestic Pvt Ltd company. We are going to set up a new (wholly owned subsidiary) company in Dubai for manufacturing similar product, as produced in India. During next year the same will be operational.

I seek your valuable opinions on preparation of FS for FY 25-26 / applicability of Ind AS. Whether: -
1. Ind AS will be applicable.
2. It will be applicable on single or Group companies.
3. Do we have to prepare 2 sets of FS (one as per AS & other as per Ind AS)?

Thanks in advance.

We paid a party Rs 2,80,000
How to Write Off in Tally? What will be the Impact of Income Tax?

Bank Account Dr.1,09,094
To Accrued interest 8642
To Interest Income 452
To FDR 1,00,000
Here what is meaning of Accrued interest

what is method of calculation of ESI and what is rate and Limit to Deduct ESI for employer and Employee

what is meaning of accrued interest on purchasing /selling bonds and debentures

How to make journal entry for shares purchased in non listed company
when Paid Rs. 10 Cr. on dated 12/12/24
and when to alloted of shares how to make journal entry and also which date share alloted how to know.

Dividend per share of any company how to know from HDFC securities sites.

is correct way to calculate interest on bonds and debentures
=Face Value /Quantum value x Coupon Rate

If for a private limited company under MSME Registration it is registered as "MICRO" Category under Manufacturing activity for FY 2023-2024. Should this category be considered (MICRO) every year until it has been changed or it is mandatory for the said entity needs to update the classification every year.

Enterprise Type:
Sr Classification Year Enterprise Type Classification Date
1 2023-2024 Micro 12-Jul-23