What will be the effect of Depreciation in case of Transfer of Business from deceased Father to Son as per Income Tax Act ( Succession on Death) ?

We are going to make 2 Balance Sheets.

Do we calculate Depreciation in the proportion of Number of Days of assets used or 50:50 or wholly in books of Father or wholly in books of Son?

Business was transferred on 17.01.2014. Will the Successor Son get Depreciation at half the depreciation rate or full rate owing to less than 180 days of use ?

Also let us know the accounting effect....

Sir,
I have been working in a Chartered Accountant Firm as Audit Assistant from 02-09-2013 to 31-5-2014 and now I am going register for Articleship. Can I avail leave for the service rendered before the Articleship Registration.

PLEASE SUGGEST ME TAX LIABILITY FOR THE FOLLOWING TRANSACTION.


A MOTHER WANTS TO GIVE CASH GIFT OF RS.5 LACS TO HES MARRIED DAUGHTER.


WILL THE ANSWER BE DIFFERENT IF THIS GIFT PAID BY CHEQUE. AND ALSO TELL ME HOW THE MOTHER WILL TREAT AS AN EXPENSE OR ANY OTHER HEAD....?



please reply as early as possible



Thanks

can any one suggest the best book for isca nov 14 attempt

Dear sir,
Could you tell me how to do Analytical Procedure For Purchases & Sales.

WHEN R THE RESULTS OF THE CA FINAL EXAM MAY 2014

I have cleared my IPCC Group1 but not the Group 2 and also registered as an article on DEC 2013 under my CA and too Completed my Orientation and ITT classes as well. Now, I am not in a Position to Continue my Articleship further and want to do job being a Graduate. What should i do to Cancel my Articleship.

Hello sir, i hv completed my 1year articleship training and got atc certificate and also group 2of ipcc. I would like to know whether to continue in future ca course i have to undergo 3years training ar 2years training to get ca certificate?

We are manufacturer & purchased raw material of Rs. 8,50,150/- from another manufacturer & after testing we found some quality issues in same but the same material is usable for production.

We have issued debit note of Rs. 8500/- for the reason "Quality difference in Material"

My question is that should we reversed excise duty as as we have issued debit note @1% of invoice value.

Please help me what to do.

thanks.

Can a Director paid a expenses from his personal account on the behalf of the company and after that he will received the reimbursement from the company????????


if experts ans is No,,,then please give me some advice's, how i treat this transaction.

and

if experts ans is yes, then please tell me any compliance file to MCA regarding these transaction????