Our company purchased computer for Rs.25000/- from X company by cheque. How to enter the same as fixed asset in Tally. pls give entries. Thanks if you could help. Also to shown in which voucher g

Dear Sir
We have purchased for our Company Tally ErP software amounting to Rs.36000/-
( net 34286 + vat 1714).

Whether to capitalize ? and if yes under which fixed asset account.

Also clear this is tangible or intangible asset ?

Pl guide at the earliest.

Arun

Whether DTA/DTL is to be created on sale of land(which is a non depreciable asset) because there will be a difference in accounting profit on sale of land and long term capital gain will be different as per tax laws??

diff b/w trademarks,copyrights,patents,technical know how

Hi,

My mother is a Housewife and recently she has started a car rental business with uber cabs, even tough she has obtained the ghumastha for purchasing a T-permit car but she has not opened a current account yet. Any earning she gets from uber goes into her savings account. I have 2 queries

1) Is is compulsory to create a company current account?

2) Can she file ITR as individual (ITR4) or she needs to file as acompany?

Please solve my query regarding calculation of depreciation with this example - useful life of computer is 3 years I made the following purchases year 2000-01 -50000 year 2004-05 -10000 year 2013-14 - 60000 yaar 2014 -15 - 25000 suppose op wdv as on 01/04/14 is 30000/- total accumulated depreciation is 45000/- how to calculate depreciation according to companies act 2013?? please help me out

Bills receivable and bills payable are which account ?

Can anyone pls let me know about this point clearly.
The total amount to be drawn from such accumulated profits shall not exceed one-tenth of the sum of its paid-up share capital and free reserves as appearing in the latest audited financial statement.
It means that the amount to be paid as dividend should not excced 10 per of paid up capital & free reserves of last audited financial statements?

What is the difference between Profit and loss Adjustment A/c and Revaluation A/c in case of Reconstitution of a partnership firm.

we r seller & we entered wrong tax in two party One party actual tax 13.5% we entered 3%

other party Actual tax 1 % We entered 5%

So what we give these co debit note or credit note plz clear me