exemtion in both group simulteanously
I have already exemtion in sfm. Ab ydi 2 nd group me exemtion aa jaye to kya valid hai. Bcoz mene form both grp se dala hai but i am prepared for fully 2nd grp.
Drawing power
Banks while granting Cash Credit limit calculate Drawing power. It is said that drawing power is calculated against stock in hand. But How Banks calculate and feed DP in the system while disbursing CC for thefirst time to a new firm, as the firm does not have stock in hand rather it will purchase the same after using CC. So how Bank will compute DP.
Whethet should i apply for new registration or not
Hello everyone, i will be starting a new business of selling & Purchasing of garments..i currently dont have any TIN no...and i am looking forward for registration of TIN no....please guide me whether should i wait till july or get myself registered..
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GST Returns
in GST dealers have to file 03 returns for every month + annual return I e 37 returns per year. & have to pay professional charges for 37 returns.
Journal entry
sale personal car 29000 ( w.d.v 28000) and balance deposit into company aaccount
Applicability of garner vs murray rule
While solving sums on dissolution of partnership firm after insolvency of one partner, I noticed that the Garner vs Murray rule concerning adjusting of fixed capitals for any reserves before distributing deficiency of insolvent partner between solvent partners has not been followed in certain sums. From the point of view of exams, should it be followed only when the question specifically asks to do so, or should it be followed irrespective?
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Re registration