Is there any limit or any provision/procedure subject to which cash can be infused by a director in a private limited company??

Pls. tel me whether TDS should be deducted on Advance amount also or is it only after the bill is receieved from the concerned that TDS entry be booked?Im confused...Pls. help me....

Pls. help me with the capitalizing journal entry.
Also i would like to know that whether assets should be capitalised based on amount?apart from ensuring whether the exp being capitalised has resulted in improving the efficiency of the Asset,if the amount is meager will that still amount to capitalising asset in books of accounts?

our company (pvt ltd. co ) is following slm method . What is the rate of depreciation to be followed for plant and machinery . According to me it should be 4.75% but our co is taking 13.91% (wdv). our consultant is saying in nesd the general rate is 13.91% Please clarify.

dear sir, my client, who is a doctor wants to buy a ready made house worth Rs.1500000/-. he wants to take loan Rs.10 lakhs,from SBI. the bank Manager wants a project report. what accounts or statements should i prepare?

Client not covered u/s44AB.

At what rate should the Imported Asset be capitalized in books. In my opinion the same should be done @ bill of entry date. But is there any alternate opinion.

Thanks & Regards

Dear Friends / Experts,


I have the following query :


In the Balance Sheet of 'A',

Account Head - Advance from Clients having balance of Rs.54000/-. (Say X - 12000,
Y - 12000, Z - 30000)


Actually, there is no Advance from Clients.

Query :

How do I pass necessary Journal Entry to remove the Advance from Clients or give proper effect for the same ?


Ans : ..............

I shall wait for the views.

Thanks.

fixed assets write off upto 100% (Rs.5000/-)then it will be shown in gross block or not? what is accounting standard for it.

Please Provide Depreciation rate for following items under companies act

1.Plant & machinery 2.Office Equipment
3.Computer 4.Motor Vehichle 5. Electrical Fittings

Also advise whether depreciation to be provided for Assets used less than 6 months in PY

In the given situation what rate should be taken for closing stock valuation on 31st March which is the FY ending date.
1-Import of Raw material @ rate on 15th Jan USD- 46.00
2- Payment date @ rate USD-50.00 on 15th February.
Thanks & Regards