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
Transaction limit
Hello sir/madam, I am confused about cash transaction limit for business. Plz help me in this problem
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Gst
I AM MEDICAL PRACTITIONER ALSO DISPENSE MEDICINES IN MY CLINIC. MY QUERY IS-
GST NO APPLICABLE FOR ME ?
SHOULD I APPLY FOR GST NO ?
Current account
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 ?
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Revenue expense or capital expenditure?
Legal expenses incurred to defend a suit related to title of patent. The suit has been lost. Will these expenses be capitalised ?
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Gstr-1
We have a FMCG STORE ..Is it require to Show all HSN CODE WISE SALE IN GSTR 1 ..plzz help me ..every body suggest me different different things..
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Gst
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.
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Capitalization of tools and equipments
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!!!
Purchase and sales value means
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?
Redemption of preference share
can we use security premium reserve for creation of CRR in case redemption of preference share
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- Regarding transaction th. credit card
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How to transfer p&l surplus amount to share capital