ADVICE ME

hEY since your friend has started the business recently, i am assuming that he has not made many transactions,if that is the case then from whatever transactions you are aware of, you can simply pass entries e.g he bought furniture for business then on the basis of the bills you can enter the transaction in the books.Once you are done with the entries then comes TB AND follows P&L and B/s. 

capitalise his own brought out items in business, with a proper valuation 

capitalize the furnitures etc from his business cash flow

make T/B then claim depriciation on all fixed assets , if profit available for adjustment then do it, or carry forward for next year. 

Hi Dear

Please get idea from nearest dealer asap

consult your senior who is in CA final...

Its very easy.. matter of minutes...

I have filed d my income tax return In A.Y. 2014-15-16-17 for Rs.in lakh 1.32+2.02+2.12 please advise me how much cash i can deposit in my account without tax. 

@ yashpal 

return filed does not means "cash in hand"

make a cash flow statement 1st 

though there are cap of 2.5 Lakh per PAN, any amoount exeeding the cap limit, it will be subjct to verification with sorce of money