We purchased a furniture before 1992 & rate of depreciation was 3.34%(slm).
In 1993-94 the depreciation rate as per companies act changed to 6.33%(slm).
Now which rate I have to apply to the old assets?
The same category of new assets we are applying 6.33%, and old asset we applied old rate ie.,3.34%.
Whether it is correct ?
Pls reply fast..

provision for tax 50000
tax liablity 50000
advance tax 50000

what would journal entry? how we will set off everything?

please tell me what will be the journal entry for stale cheque

Dear Sir,
Plz send me
How the acconting entry are made of the individual purchase and sell securities of the share market ??
(Including long term and short term)
with the example
With best regards

What would be the entry of rent received 10,000 if service tax is applicable.

hi

I am a sub agent for the IATA agent selling air tickets , i wish to open a current account in the firm's name.My annual income from travel agency would not be more than 30000k
( commission earned) by selling tickets .

do I have to register for service tax or do I have to just register the proprietorship firm

please advise

Dear Guys

Bank Guranttee charges are why not taken to Prepaid expenses if it is possible or not please explain me

In case of Deferred Tax Calculation for the First year of Company Pvt. Ltd.

As per Books Depreciation Comes Rs.15,798/-
As per IT Depreciation Comes RS.29,712/-

Net Block as per books = Rs.83,242
WDV as per IT = 69,328/

So let show a chart how to calculate it.
Whether it assets or liability.

Dear All,

We are Delhi based software company. In every month we are generating invoices in US Dollars and pertaining to that invoices we are receiving inward remittances in US Dollars and crediting in our Bank EEFC A/c

So how do we account for in INR

Dear sir

Can One person can withdraw the salary from two different company.

Kindly suggest.

Muttu