hello sir,
i have a query relating to company act 2013 dep (life of assets). for example:-

purchased a air conditioner in my company .
as on 1 april 2013 41500.

dep.for 2014-15 as per company act dep will be..... as per sec 32 dep will be 15% ......

then how to treat the difference ?

if depreciation as per sec 32(15%) is more then dep. of company act 2013 policy .
then should i claim 15% dep ?
Regards
jitendra

DEAR SIR

PLEASE BRIEFLY DESCRIBE RATE & RULE OF DEPRICIATION AS PER COMPANY ACT ON PLANT & MACINERY.

REGARDS

VIPIN KUMAR SHARMA

what is the provision

Dear Respected Sir
our Company my director taking home loan,this home loan entry showing comp.books of account

i have purchased a domain name for Rs.5lacs approx from the person out of India, it will be used by me in future as my business website or may be i resale it.

now i'm doing a business as commission and brokerage intermediary.

please suggest how can i book it in my books whether as intelligible assets or as investment or any other way ?

Could a performance linked bonus for the FY 2014-15 declared in the month of Aug'15 be taken into account in the month of March'15.
Will the situation be different if it is paid or not paid in Aug'15 and if the recipient declares it in his / her return for the FY 2014-15.

Please revert.

Dear All,
In case of Tendering Expenses, If we lost the tender we have to Debit the expense as a regular business expenditure. If we gain the tender we transfer that amount to the cost of the project. My Doubt is when we don't know the outcome of the tender, how that expense will be shown in the Financials at thee year end/ during interim financial reporting by listed companies.

Dear Sir,

I Want to know the calculation of PF on the following salary
PARTICULARS AMOUNT IN (Rs.)
EARNINGS
Basic 12000.00
HRA 7000.00
Conveyance Allowance 800.00
Medical Allowance 6420.00
Company PF 0.00

what is PF amount.

Thanks & regards,
Prachi

I own a shop where i practice my medical profession and along with that shop i own one residential flat where i live.

I do mention the value of the shop in the ITR-4 form and apply the depreciation under the category of buidling.

I do not use my residential flat for my business/profession , nor do i have any rental income out of it.

Could you please advise if Residence Flat value is to be mentioned in the balance sheet of ITR-4 Form Part A- BS or anywhere else?

If yes , then should it be mentioned under fixed assets(Gross)?

What head should i use for signboard in accounts