Company act 2013 prohibites issue of shares at discount but why we can't issue when conpany is finding difficult in raising funds or when interest rates are high ? I want to know logic behind this

Dear Experts,

1. Please give advice on how can we account for Donations received for the purchase of assets in an NPO, Section 8 Company having 80G & 12 A Registration.

How will be the purchase of the asset & depreciation on the asset accounted for in the books?

2. Can we treat these donations as we treat Govt. Grant as per AS 12?

for eg - ABC Ltd. Purchases machinery for Rs. 30 lakhs with a useful life of 5 years and ‘Nil’ salvage value. It gets Rs. 10 lakhs as a grant from the government for this machinery.

a) The Gross value of machinery will be shown as Rs. 30 lakhs on the balance sheet along with Rs. 10 lakhs as ‘Deferred Government Grant’.

b) Rs. 6 lakhs (30 lakhs / Useful life i.e. 5 years) will be charged to the profit and loss account each year as a depreciation along with an income of Rs. 2 lakhs (10 lakhs / Useful life i.e. 5 years).

Please guide me as per regulations applied on an NPO, which is a section 8 company having 12A, 80G registrations.

Your time & guidance is invaluable to me.
Regards,
Komal

We sold some goods to one of our parties and went ahead, its weight increased. We had cut the weight of the lower bill. Now how do we adjust the material that has grown in our hearts?

Dear Respected members,

At the moment we paid the owner his portion of the capital amount through cheque and also paid a portion of the company profit through cheque.

Could you please tell us the entry in the tally prime as I am not able to find the ledger of the P& L account?

I want to know why a companies act 2013 does not permit companies to issue irredeemable preference shares I want to know the logic behind it.

what is diluted EPS.

Sir,
It assessee (son)property gift received from father value rs:25 lacs.registration and stamp duty charges paid by son.
Question:
Above mentioned transaction show procedure for son in accounting books entry and it returns

Sir I want to know why interest on borrowings is classified as non operating expense as, rent on office or factory is classified as operating expense interest payment is also incurred to finance operating costs like rent etc

Dear Sir/Madam

Previous year 2020-21 We filed ITR under 44AD Profit 8% But in Financial year 2021-22 Assessment year 2022-23 Turnover is Rs.7300000/- and profit is 6.20% Can we go for tax audit if yes which section please suggest

Dear All,

We are an LLP organization. we have taken an office on rental basis. The rent charges is Rs. 15,000/- monthly. We make the payment of Rs. 8000/- as rent to the owner and balance of Rs.7000/- we make payment to his relative as consultation charges. How should I pass the entry for the same, should I consider Rs.7000/- paid as contract charges or consultancy charges, because my senior has advised me to consider the consultancy charges as contract charges.

Thanking you