Dear All,
Please suggest what will be treatment for goodwill payment when some firm has converted into private limited. also mention how goodwill acn be written off in books & treatment for amortisation

I'm a student & not earning any income I have received a movable property fmv 500000 then it is taxable in whose hand

Rounding of an amount , please tell under what group (Account head ) it will be recorded in Tally EPR9 .
What is treatment at the end of the year ?

Thanks in advance .

dear all A pvt ltd co has its 10 lac sh.capital and 30 lacs debt . all assets are secured against loan taken. Company having 100 lacs turnover how is it possible to arrange further capital of rs 20 lacs.

Hi Friends

purchased cash counting machine
is it comes under fixed assets category
Office equipments or plant and machinery or under any head.

plz specify
is it liable to depreciate .

sir
i am a medical professional .i am doing my profession in individually name .i have two savings accounts and one current ac in individual name.please clarify
1. can i transfer some sum from current account to savings account or savings ac to current ac to earn interest from savings ac for surplus money.
2.for personal investment purpose like share tradings,fds ppf etc can i deposit cash directly to my savings ac.?
3.is it necessary to deposit cash first in current ac instead of saving ac ?

what is reverse charge in servise tax

if tds is deducted on rent recd and bank int as shown in 26as,then what will be jnl entry to be passed for tds in b/s?

I was finalising accounts of one firm. what is the maximum interest that can be allowed on capital? since net profit is 24032.9 And partner's opening capital is 853901.63. last year 12% was charged on capital and if I charge the same % then it goes into loss and no salary can be paid. can I charge 1% on partner's opening capital?

1.Can we capitalise ducting expenses incurred for installation of Centralised AC?

2.What will be the treatment in case of rented property or building?

3. In above mentioned case if the property is rented, then in which category (asset) the above cost will be capitalised?