I was finalising accounts of one firm. what is the maximum interest that can be allowed on capital? since net profit is 24032.9 And partner's opening capital is 853901.63. last year 12% was charged on capital and if I charge the same % then it goes into loss and no salary can be paid. can I charge 1% on partner's opening capital?

1.Can we capitalise ducting expenses incurred for installation of Centralised AC?

2.What will be the treatment in case of rented property or building?

3. In above mentioned case if the property is rented, then in which category (asset) the above cost will be capitalised?

Dear Sir in a proprietorship firm Purchase NSC Name of self. Then we can show in books for investment and get 87A rebate also..... if yes than why if no than why

Regards

Nitin Kumar
+919034777218

maintenace charges paid for flat should be debited to flat shown under investments or should be debited to profit and loss account ???

i purchased shares 2 years back. after two year i sold the shares. pls advise about income tax on profit pn shares. how i wil treated in computation. profit is taxable or it become long term capital gain. pls advise.

pls guide for entry of rev st payment and can cenvat credit be availed.

wt s mean by approved expert here in dis app??

SUPPOSE IF AM RUNNING A FIRM AND DEDUCTING MY EMPLOYEES TDS FORM THERE SALARIES.HOW DO I SHOW IT IN MY P/L A/C..THE FULL AMOUNT INCLUDING TDS OR THE AMOUNT LESS TDS IN MY PL A/C AND ALSO WHERE DO I SHOW THE THIS ADJUSTMENT IN BALANCE SHEET ?

can individual do 4 to 5 proprietorship bussiness with same pan card.

is there compulsory service tax payable from starting of bussiness

IS IT POSSIBLE THAT THERE IS DR BALANCE IN CREDITORS A/C
AND CR BALANCE IN DEBTORS A/C

HOW TO REVIEW THIS?