why is increase in working capital considered as application of funds?

Facts of the case -

Assesse constructed a building for residential purposes in the year 2004
Cost of Land - Rs. 2.5 lacs (Purchased 10 years earlier)
Cost of Construction of Building - Rs. 24 lacs
Assesse started business in the year of 2014
Assessee started using that residential property for the purposes for business.
He used that residential property as an office.

Queries -

How to claim depreciation on same?
Should the depreciation be claimed from year AY 15-16 or from the year of construction?
At what rate should depreciation be claimed?
Depreciation should be claimed on whole property or proportionately on only the part used for business?
Depreciation should be claimed on the composite COST of Land & Building (i.e on Rs. 2650000)?

How does reserve preserve money since we can easily take out cash from bank?

How can I import sales data from excel to tally ?

How can I import petty cash data from excel to tally ?

I wish to have cloud base application ?

If anybody come across solution for this please revert.

I just started a business of fabric printing. I print the fabric in two way
1. When client provide the fabric
2. When client not provide the fabric, we have to just print the fabric and give to them

So my question is that is there is requirement of vat and service tax registration

Please guide me. I waiting for your suggestions.

Thanks & Regards
Hari

Assest like land purchased earlier but not disclosed in balance sheet. Now how to disclosed the land in current balance sheet.

Respected sir/madam


The employer has bought uniform for their employees. This expenses which category should be accounted.
It is Australian based company bookkeeping maintained by Xero accounting software. It is pertains to office expenses or Staff Amenities and include GST or not?

Please give your inputs

Thanking you

Dear Respected Members

Please tell software purchase expanses like accounts software billing software and antivirus software comes under which head as asset or indirect expanses if asset then it comes under depreciation mean what account head it should open and how its expenses are claimed in business and how its annual registration claims

Dear Respected Members

Please tell software purchase expanses like accounts software billing software and antivirus software comes under which head as asset or indirect expanses if asset then it comes under depreciation mean what account head it should open and how its expenses are claimed in business and how its annual registration claims

A company have received Rebate from Foreign party which can be utilised only for purchase of Inventory. This company is receiving goods on commercial Invoice from foreign party. The cost of goods purchase is mentioned in the Invoice but for this no money have to be paid only rebate income will be utilised. Whether This should be valued at cost mentioned in the invoice or at Nil as per AS 2 ???