1) Does trust needs to mandatorily charge depreciation on their fixed asset..?

2) Does trust have option to do accounting as per cash basis or accrual basis..??

Dear Sir , please explain what's is the existing rules for cash receipts and cash payments in a proprietor concern i.e limits

Source of income of a non-profit making entity like a housing cooperative society is only its members' contributions. The society invests a portion of such contributions in bank fd in a certain financial year and shows it as asset in the balance sheet of that year. The fd matures next year and is reinvested, both original capital and interest together. The matured amount is again shown as asset in that years's balance sheet.
Now, the problem is if the interest earned on the original capital is not included in the liability side of the balace sheet, the two sides (liability and asset) are not matching.
Should it be done so and will it be in conformity of accounting procedures?

I would like to know from experts whether amount of depreciation of a fixed asset should be shown as liability in the balance sheet. Depreciation is calculated as per Income Tax Act in the instant case.
Please note that WDV of the asset will be included in the asset side of the balance sheet.

If we preparing first time Bal sheet can we show previous back 2-3years assets and accumulated depreciation and same can claim in itr

Dear Experts,

We had marked Date of Exit on PF Portal in Nov 18 of our ex employee and it had been approved by the employer.

Now we want to deposit his pending provident fund pertaining to FY 2015-16.

are we able to deposit his provident fund under same UAN even marked Date of Exit.

Thanks,
Amit

Please suggest for the below mentioned query.
Plants worth Rs 3-4 Lac purchased for premises for decoration purpose only.
In Fixed Assets whether these will be shown under Furniture and fixture/any other head.
Depreciation applicability?
Please answer.

Dear Experts,

We have a Pvt. Ltd. company registered in Chennai, now we are planning to audit it for FY 2018-19 in our branch office Delhi.
The current auditor is in present Chennai but we want to change the auditor also.
So, please guide what are procedures to change the auditor and can we do audit in our branch office.
Kindly let me know in detail at earliest.

Thanks,
Amit

DEAR FRIENDS : DURING FINANCIAL YEAR ONE OF MY CLIENT HAS PAID RS.TWO LAKH AS TRADEMARK EXPENSES.. OUT OF THIS RS.1,50,000 IS TRADE MARK REGISTRATION FEES AND RS.50,000 IS PROFESSIONAL FEES PAID TO LAWYER... NOW CAN I TAKE THIS TO "FIXED ASSETS" AND CHARGE DEPRECIATION AND IF ANSWER IS YES THAN WHAT RATE OF DEPRECIATION FOR "ROC" AND WHAT RATE FOR "INCOME TAX" THANKS

Dear sir,
I have seen 26AS where mention Details of Tax Deducted at Source for 15G / 15H Total amount credit Rs.13984/- I have submitted 15G in a bank. So means bank has deducted TDS on this value. Total Tax Deducted 0 Total TDS deposit 0 Please clear to me Sir