Our society made a profit of Rs.5Lakh in FY16-17. We have to transfer this amount to share capital ? And pls tell the entry. Thanks

I AM MEDICAL PRACTITIONER ALSO DISPENSE MEDICINES IN MY CLINIC. MY QUERY IS-
GST NO APPLICABLE FOR ME ?
SHOULD I APPLY FOR GST NO ?

why sole proprietors in India use a current account for their business, rather than a savings account, to avoid interest.

I don't understand why — if you account for the interest properly and pay tax on it, it shouldn't be a problem, right? I won't have a transaction every day on this account, so a savings account should be fine. I see no reason to refuse the interest if I can earn it
i am a medical professional.should i need current account ?
..

Dear all, I am working in a shipping company registered at delhi and provides services to vessels at different ports, like Mumbai and Gujrat ports. Debtors are foreign principles. Service actually rendered at port itself.Plz advise what will be the place of supply and what tax should be discharged.ThanksVipin Kr.

Hello Sir/madam,
Whether Tools and Equipment's having purchase value of less than 1000 should be capitalized or expense out.
what should be the criteria for capitalizing such asset.
thanks in advance!!!

While I am preparing P&L, Balance Sheet. i have one doubt. Whether Sales and Purchase value includes Vat/cst/Gst amount also or only Gross value of that Purchase or sales?

Can a composition taxable suuplier make intra state supplies in B2B format.. wht wl b the position of another trader making purchase frm that dealer..

bank loan account got classified NPA for a small amount short of RS.140 that to due to Mistake of bank as the loan holder paid the AMT demanded now the bank is asking to pay whole loan amount advice

Our home currency is INR and and my company maintaining USD account also and when we recieved dollor from our client directly in usd account then on which rate i should take to enter transation


When we are pay to supplier from after recieving the dollor from usd account then what rate should take to enter the transation

My tenant is a charitable trust n they so do not have gst means they r not registered with gst n the rent is 3 lac per month . I paying gst from my pocket . Is there ny process of RCM Or ITC ?