A pvt limited company was incorporated in 2011 but the company has not commenced any activity yet. Please tell me how to account for the expenses incurred in relation with ROC and expenses related with getting the environment clearance certificate i.e. amount paid to consultant and to government

how to pass entry

winch is best book for self study for AC 1

Book value of creditors payable in balance sheet is Rs 75000;and adjustment is 30% of creditors payable reduce to the extent of 30% of their book value..what does it mean? And amount of capital reduction?? Please help me out..

Hi, ours new company started in November 2016 , from November to March 2017 we have paid salary without deducting TDS as no one is under TDS from November 2016.Some employees are worked in other company and they didn't submitted their form16 or other proofs of TDS from exemployer . So we paid salary without deducting TDS.so should we issue form 16 to employees who are willing to file IT.

Please tell me when we purchase self land & construction (make building ) on land & purchase building construction material (Cement, stone, tiles, M.S. Bars, Rodi, etc.) than accounting entry of construction material will book in which head.

While checking, noticed difference of amounts in Purchase register and Purchase account in Tally. Why that difference.?

I am appearing for grp 1 this may 17. Do i need to study AS 6 and old AS 10 with the new AS 10 Property, Plant and Equipment.

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)?

What is the last date for filling 31.3.16 income tax return