Dear Sir I am having salary income and income from other sources as an individual capacity . Gross Total comes around approx Rs 580000. I just want to know whether I can claim deduction of interest paid on personal loan. I have borrowed personal loan and I am paying interest approx an average of Rs 4500. I am having confusion that when I am earning interest income of Rs 90000 above exemption limit. Can I adjust interest paid against my interest received income. plz clarify

cheque issued amount of 36321 but not presented in bank till 31st march 2017. How I can show it in balancesheet of 31st march 2017

how to make salary expense journal entry

I have a query as to when a Bill should be recorded in the Books of Accounts.

Example:
Bill Received on 01/12/2016
Bill approved by CFO on 01/01/2017
Payment made on 01/02/2017.

sir,for valuing goodwill by super profit method icai in the pm sometimes uses average capital employed and sometimes closing capital employed.is there a pattern?

I had Purchased a Motor Cycle in 2014-15 in my personal Name. How will I show the Depreciation in Profit & Loss Account, and Balance Sheet. Will it effect my Computation Sheet.

Consider 3 scenario as below:

1) Invoice raised on 1MAR2016 for the services rendered for the period 1Feb16-28Feb16. Payment received on 3APR2016.
2) Invoice raised on 31MAR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016.
3) Invoice raised on 1APR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016.

Which financial year above transaction 1, 2 and 3 falls into ? 2015-16 or 2016-17 ?

firm's balance sheet can be consolidated with companies????

Dear Expert,

I would like to know the applicability of IND AS for the company having net worth less than 20 crore? From which year, it will be applicable or fall under IND AS?





Thanks is advance.

Is Ind AS applicable for May 2017 IPCC exams? If Yes then, where from we can study about it and please also tell about Accounting Standards are applicable or not after Ind AS in May 17 exam.