why use of M/s
before Partnership Firm name
Company Name but not before Proprietorship Firm.
Sir,
1.1st professional income Gross receipts rs:60 lacs
2nd professional income Gross receipts rs:2 crores.
Question:
1.assessee two incomes it returns filed individual status present.
2.assessee 2nd profession formation of partner ship firm or individual status benefit for it purpose.
in proprietorship firm
why Salary of proprietorship firm is not allowed.
is Depreciation allowed as per income tax only.
Profit that is to be shared between partners is the profit before income tax or profit after income tax
Any loss in partnership firm will be distributed to partner's capital account just like a profit . is it true.
what is provision made for partnership firm among partners to Distribute among partners in profit sharing ratio please reply.
Loss of partnership firm how to distribute among partners, if there are profit sharing ratio is A-50%, B-40% and C-10% and Total loss Rs, 10,00,000
can i pass journal entry , and whether is true or false, please reply
A Capital Account Dr Rs. 5,00,000
B Capital Account Dr Rs. 4,00,000
C Capital Account Dr. Rs. 1,00,000
My query is the following:-
whether the long term capital gain against property can be adjusted against the short term capital loss and long term capital loss on selling of equity shares under DEMAT account. All transactions by online banking. Will appreciate your advice and inputs on this query.
in some companies i have seen that
there only three ledgers open for
CGST
SGST and
IGST
For purchase and sale
But in some companies , i have seen that
CGST Input, CGST Output
SGST Input, SGST Output
IGST Input ,SGST Output
for Purchase CGST input , SGST Input and IGST Input
For sale CGST Output , CGST Output and IGST Output is open
which is better and why for maintaining books of Accounts.
Income received in Advance