Dear Experts,
Pl. guide me on following .

One of my friend having business in proprietorship. He just given me work for finalisation of his account work. Now the question is that how to start his account work in tally.

1) Should I open two company in tally. One in the name of business in which all entry relating to accounts of proprietorship business be done and another in the name of Proprietor in which his personal account details will be made.
2) or I should open only one company in tally in which i will made all the entry for his business as well as his personal account.
3) In income tax return which Balance sheet should be shown . As the return will be go for individual and income of proprietorship will be covered in that.

4) or should in income tax only details of proprietorship should be given and personal should not be given.

5) what will be the balance sheet my fried.

Pl. help me I am confused.
Thanks

Dear All,

We are carrying on business of providing house-keeping services as well as repair and maintenance services.My gross receipt for FY 2012-13 is approx. Rs. 91 Lacs. Now my question is, do we fall under business category having exemption limit of Rs. 1 crore or do we fall under professional service having exemption limit of Rs. 25 lacs?

if company replace any furniture & Fixture that furniture & Fixture should be capitalized or not

Dear sir

pls clear a confusion about abatement of material in case of InterirDesing service and what will be service tax on it

Hello all of you iam not able to understand meaning of paragraph in inverted comma.please try give its meaning and accounting treatment
F,G and K were partner sharing profit and losses at 2:2:1 .K retires on 31-12-2000.

"for this F & G agree to bring sufficient cash to discharge claim of K and make their capital proportionate"

i m cpt passed ipcc student...i want to resister myself into direct entry scheme.what is the rules and eligibility criteria for cpt passed student........please help me sir

plz give ur valuable opinion
i cleared my grp.1 and joined trainee in middle firm. but i failed in group 2 in next attempt. so by the time i cleared my group 2 my 1st year of training will be over and no option for me getting transfer into big firm as 1st year of training will be over.

Sir,

Please let me know about the new form 5 INV for details regarding unclaimed and unpaid dividend as per prov. of section 205 of companies Act.How we can know that particular company is defaulter or it has to compulsorily file the form.how to file it and what are the attachment for the same.please give me full details.

HI, SIR,

I HAVE GET CONVERSION FROM PCC COURSE TO IPCC COURSE AND I HAVE STEEL NOT CLEARED IPCC EXAM SO WHEN I HAVE TO GO FOR GMCS TRAINING AS I HAVE ALSO COMPLETED MY ARTICLESHIP AND I AM OLD PCC STUDENT

Dear sir

I am a practicing ca.my prcatice duration is 2 year .how many article can i keep ?

pleasz advice me