Easy Office
LCI Learning


debasish banerjee
30 April 2020 at 00:01

Foreign currency fluctuations

As on 31st mar foreign creditors payable. What is the fluctuation entry? $ upward it means liability also raised? And in 1st april is needed to make reverse entry for fluctuation to return in purchase value as before of last year ?? Is there any way to make provision on 31st , and fluctuation entry in p& l when actual payment made next year.


Helper
29 April 2020 at 20:20

Cash flow under AS & IndAS

Dear Expert,
In movement in workingcapital,why we are including non current asset or liabilities.
Since working capital contains only current item.

Please explain


Maheep S

I’m a long term investor and have portfolio of shares. I don’t maintain books of accounts as my income is from salary, house property and as partner in firm. I want to do few f&o transactions(4-5 in a year) to hedge my portfolio in this volatile situation. My question are:-
1. Does IT deptt allow f&o transactions in my case as STCG/capital gain. For eg I have a LOT of PFC shares in form delivery shares(cash) since two yrs and I want to sell future as I think PFC will fall in near time. Under which head this transaction profit/loss will be considered? Can it be treated as stcg?
2. As I donot prepare books of accounts as I am not trader and my income is below limit. Will I haveto prepare books of accounts? I dont want to maintain as it is not compulsory right now.


arvind r shah
29 April 2020 at 17:23

HIGHSEASALES

Where to show in GSTR 3 B
& GSTR 1.


Rahul
29 April 2020 at 15:41

HOUSING LOAN

can an nri file returns in india for availing housing loan, where the person is not having any income in india, he is a salaried person outside india.


CA jignesh daiya
29 April 2020 at 15:27

Tds on printing material

Respected sir
we are in business of promoting goods and services of others by providing discount coupons .
we have purchased broucher, visiting card , templates , advertisement material with our logo , leaflet etc .for advertisement then whether tds will be applicable on that transaction ?
we have also purchased printed star flex and star backlit material from party whether tds on contract will be applicable in both above situation ?
please reply


Ashit Malhotra

I sold my debt Mutual Fund after 2 years and 3 months for a gain of say Rs 100000/- this gain will be considered as short term capital gain. If I sell an equity MF after 1 year for a loss of say Rs 95000/- which would be a long term capital loss.
1.My query is can these two be offset against each other giving me a net income of Rs 5000 .


SIDDHARTH MAHESHKUMAR SHAH
29 April 2020 at 11:49

Deduction U/s 80D

Can i claim Mediclaim Amount paid for my wife only (Individual) from my account while filling of Income Tax Return U/s. 80D

Please Share Opinion.

Thanx



CHETAN
29 April 2020 at 11:12

HOW TO CLOSE ESI AND PF REGISTERATION

hi ,
if operation of construction company shut down completely and the company wants to strike off its name. Now, the company wants to close it EPFO and ESI registration
can you please let me know how to close it


ramendra singh rana
28 April 2020 at 21:32

Form f

Dear sir/madam,
We have missed to collect form for the month of June for the fy 17-18. Can we collect the form now.







Answer Query