in our company we have policy for mobile handset purchase for value of 15000 + GST as a fixed value also our company has guidelines that employees should purchase such phones in the name of conpany with its GSTIN no. kindly guide if this policy is correct? also in cases were employee purchases phone for suppose 21000 + GST , will the company gets the gst credit benefit or not??

whether Net profit or Net Loss come in trial Balance.

Dr or Cr. balance on 31st March of cash credit and overdraft
what will be the accounting group in the both case.

whether interest on cash credit charges on monthly basis
Dr. Balance or Cr. Balance on 31st March, what will be the accounting group on 31st March.
What will be paper require for cash credit on monthly basis.
please reply

whether interest on overdraft is charged on Monthly basis.
whether may be on 31st March Dr. Balance or Cr. Balance.
And what would be the accounting group if Dr. and Cr. Balance on 31st March.

written Back and write off in accounting terms.

do we need to file part C of Form 15CA if NRI received gift from father (Resident) of Rs. 11.50 Lakhs ?

DEAR SIR,

ONE OF MY CLIENT WANT SELL HIS AGRICULTURAL LAND SITUATED IN CITY MUNICIPAL LIMITS.
COSTS NEARLY 4 CR. THE LAND IS AN ANCIENT PROPERTY THE CIRCLE RATE IS NOT PROPERLY KNOWN TO THE SELLER. NOW MY QUERY IS
1. CITY MUNICIPAL LIMITS IS COMES UNDER THE PERVIEW OF TAXABLE INCOME
2. IF YES HOW TO INVEST THE MONEY SAVE CAPITAL GAIN TAX
3. OR PURCHASE ANOTHER AGRICULTURAL LAND
4.PURCHASE OF RESIDENTIAL HOUSE PROPERTY

PLEASE SUGGEST ME

THANK YOU

IN WHICH HEAD TAX PAYMENT SHALL BE MADE WHETHER IN 300 OR 400 HEAD?

what will be the accounting treatment of Trade discount and cash discount for
Discount Given
Discount Received
whether discount given should be part of other expenses
discount received should be part of indirect income.
please reply