what will be purcase & depriciation entry for purchase of new motor pump in march month-14

Dear Experts,

Kindly guide me on the advantages of buying a school bus for a school (under Charitable Trust) on Tax Front & Balance sheet front. Now we have hired school buses & planning to buy.Kindly give your valuable suggestions on Hire Vs Purchase of school bus.

Sir i need a clarification about share application money.my company was taken 35 lacs this year from various memebers and presently companys authorised capital is 1 lakh only and it will be increased 50 lac from 1.4.14.
presently how to account far all the funds taken by company ..

Hello Experts,

Last year on my marriage, I received sum of money in cash from my relatives and parents. I know this receipt is not taxable.
However, I would like to know that, whether could I add this cash into my balance sheet and increase the capital? or any kind of agreement or deed I have to prepare to add this cash in my balance sheet?

Thank you in advance sir.

Dear Sir,
Please how to breakup / calculate salary the salary in pvt. ltd. gross salary Rs. 23000 to 25000.(exp. basic, hra,All types of allowance like. medical, telephone conveyance etc for tax saving point-view) its very urgent. Please explain tax exemption amount. Please provide in excel format for future purpose.
mail id. mukeshkumarmishra@y7mail.com

Thank you.

I have a sb a/c in which the bank gave me interest net of Tds and I had not quoted my PAN and this is shown in my IT file. So the bank is not providing me a Traces generated certificate which would allow me to claim the tax deducted. So what are the ways how I can claim the amount as I have to submit my return.

where i can book purchase of refrigeration, washing m/c, curtain, mattress, LED, for guest house

Suppose Altd. has taken loan from director of say Rs. 10lakhs on 1/4/2012 @ 9% P.A. It has made various payments to directrs on various dates, say Rs. 150000/- on 14/06/2012, Rs. 43000/- on 02/08/2012, Rs. 190000/- on say 15/12/2012. A ltd. has further taken loan of Rs. 5lakhs on say 15/01/2013. How to calculate Interest on loan as on 31/03/2013????

Whether the two companies are related parties or associates?

Company X has a shareholder named A who holds 99% shareholding in Company X.

The mother of A is a director in Company Y.

Plz help me to know whether Company X & Y are related parties.

Plz reply asap, as its little urgent.

Thanks in anticipation.

How to calculate average monthly currency rate for accounting the foreign currency transaction.