Hello Sir
My newly incorporated company is followig calender year as accounting year1.e need to close accounts by 31-12-2012.
I am not aware of how to calculate dep as per income tax purpose & for which period so that I can calculate the difference between tax & accounting dep.Only then I can calculate DTA/DTL.

How We Can Finalize the Balance Sheet of particular firm.It's Constitution is Proprietorship for 9 months, and partnership for 3 months in the same Financial year. Remember it- that proprietor is not became partner in that firm. Also, We Need to give annual balance sheet of the said firm to sale tax Department.

Sir,
An educational Institution accounts interest on fixed deposits on recipt basis. This year it is proposed to change the method of accounting from recipt basis to accrual basis. Interest is accrued on quarterly basis. Let me know as to how to treat the same in the books of accounts and give the corresponding calculations with an example.

Received cash from customer for $2940 after allowing 2% cash discount.
What is total amount receivable?
Somebody answer me quick.
Im having trouble with the calculation of total amount receivable and discounted amount.

Dear Export,
Mr X have purchase a bike on 1.4.2010 of RS.50000 and milage of bike is 65 km/l. after two year milage is 30 km/l. and Mr X have some expense on bike Amt Rs 25000. bike's milage is increase to 60 km/l from 30 km/l.

give a suggetion to MrX for the expence incurred by him ,it should be capitalised or debited to p&l a/c. and also give the specific reson about that....

thank in advance

Suppose, I am a dealer in Delhi, I ordered certain goods from Kolkata, which I want to get delivered to my customer in Mumbai.How will I account for such purchase and sale in transit where CST is exempt with my share of profit?[Goods purchased from Kolkata Rs 34382(Rs 30000+12.36% Excise+2% CST) and now I want to Bill my customer Rs 34382 + my share of profit ?

Hello Sir,
I m newly joined in a company, while viewing the accounts of the company it has a negative cash balance, pls explain me wat should i do, how is the procedure i should work on.

sir,

i am proprietor of company what is maximum limit for cash sales in whole year for company and partnership company

Dear Sir,
We Have received 200 nos.form 38 inward form 38 haryana if period mentioned at upper side rule43 valid for using 2011-2012 its means we cant use this form after ending of f.y.2011-2012.

please advice me actual period for using form 38 can we used this form or not ?

Thanks & regards
Sandeep Kumar

i want to know whether loading or unloading service is taxable if than in which category it is taxable

further in case if ca provided service regarding income tax case who is liable to pay service tax.