As per new Co Act 2013, Depreciation shall be calculated with maintaining 5% residual value of an asset instead of Re 1.
my question is what treatment should be done for an assets which already at Re 1 and their useful life is also completed ?

dear sir , we purchase a car(which is our fixed assets) and made first payment by bank and paying rest amount in EMI , i want to know how to make entry in tally? and Is EMI will be under indirect exps and first cheque payment comes under which group ? please answer me in detail.

can u share me books of account to be maintained by pvt ltd company .

Respected Sir

Can i issue credit note of Freight .

TDS deduted on payment which due in march 15 and tds deposited to the authority on 8th april 15. In the books of we post that payment in the march or april

Dear All,

Good day.

I am Working as an Accountant in an Software Organization, Ascendas,Chennai.

To Reduce the Employees Tax liability We have: Telephone; Attire; Car; Medical; LTA & Food Coupons (Sodexo) Reimbursements. In 'Telephone' Reimbursement:- Whether Broadband connection , Data usage Bills can that be Claimed? And as per law are there any limits set for Telephone; Attire; Car; Medical & LTA Reimbursement.

Kindly Confirm. Look forward your Valuable Response.


Thanks

whether life as per new sch. is max. life ?
what is the treatment of assets which are carrying over in b/s from last many years i.e. 6 or 7 years .
should we completely write off that assets whose life has already been expired as per new sch.

Dear Sir,

we are manufecturer of electric capacitors in U.P and we purchases the local U P & other state then our Purchasing bill Date 25.03.2015 and received the materials in 8 april 2015 then we entry in march return or april return

Respected Experts,
if a company issues sweat equity shares for cash then do such value of sweat equity shares forms part of paid up capital of the company?
if such shares are issued out of reserves then what is the accounting treatment for that?

hi everyone I am in a bit of concern as I am working and I hav just taken admission in ICAI through direct admission scheme but it's mandatory to have ITt training before appearing for ipcc group can anybody suggest me wat to do as I cannot leave job for the same and I will not get leaves of 25 days from ofice Gaurav