Hello sir,
i m doing job in pvt ltd company, in which directors are non resident. the main business of company is import and export.
now my query is that the company has no bank balance and cash balance. it has paid salary to it's employees in black money i mean in cash.
now how i can convert this black money in white money?

As per AS-26, intangible asset can be capitalized only if
1 it results in future eco benefit, and
2 useful life can be estimated.

So should an accounting software, like tally, purchased be capitalized?

We r a newly regd firm and purchased computer, Printer, fax, , photocopier from Y company. for all these item we received single invoice including vat. How to rnter the same in Tally by itemwise or by singly. we r not taking vat input. Kindly help. if you can give example it will be more helpful. Thanks

advance salary paid in cash and remaining salary payble through bank. how i make entry in tally

how to calculate goodwill for leverage firm & its impact

Our company purchased computer for Rs.25000/- from X company by cheque. How to enter the same as fixed asset in Tally. pls give entries. Thanks if you could help. Also to shown in which voucher g

Dear Sir
We have purchased for our Company Tally ErP software amounting to Rs.36000/-
( net 34286 + vat 1714).

Whether to capitalize ? and if yes under which fixed asset account.

Also clear this is tangible or intangible asset ?

Pl guide at the earliest.

Arun

Whether DTA/DTL is to be created on sale of land(which is a non depreciable asset) because there will be a difference in accounting profit on sale of land and long term capital gain will be different as per tax laws??

diff b/w trademarks,copyrights,patents,technical know how

Hi,

My mother is a Housewife and recently she has started a car rental business with uber cabs, even tough she has obtained the ghumastha for purchasing a T-permit car but she has not opened a current account yet. Any earning she gets from uber goes into her savings account. I have 2 queries

1) Is is compulsory to create a company current account?

2) Can she file ITR as individual (ITR4) or she needs to file as acompany?