below is the entry for depreciation

Dr Depreciation  
Cr Fixed Asset (Eg.Computer or Vehicle ) XXX

Depreciation is a nominal a/c.i.e dr all expenses &losses. 
cr all incomes & gains.So while Depreciating   dr 
depreciation A/c.All assets are Real acount. i.e debit what 
comes in & credit what goes out. so When asett comes in we 
will debit asset A/c & normally asset a/c will have Dr 
balance.To decrease the value of the asset we have to Cr 
asset A/c. Therefore The entry for depreciation is 
Depreciation A/c Dr  XXX
    To Fixed Asset A/c   XXX

Depreciation A/c Dr
         
             to Fixed Asset A/c or Asset A/c

(Being depreciation charged on asset)

Depriciation A/C  Dr.

          To  Fixed Assets A/c

(being dep. charged on fixed assets)

it directly take to balance sheet and not deducted in 
trading account.

it the additional capital

preliminary expenses are those expenses which incurred 
before the commencement of bussiness whereas miscellaneous 
expenses incurred during the course of bussiness which are 
not adjustable under any other head.

Start from Gateway of Tally>Display>Cash/Bank Books>Choose 
the bank & then the month for BRS. Then press F5. Post all 
bank clearing dates, ur BRS will be ready.

if it is OD A/c go to Current Liablities or go to current 
assets. choose the bank . and the particular month. and 
than press F5. and entry the date as per bank statement. 
and finally it will ask save.press Y and yours BRS is ready

'


453453...

INCOME TAX  - IS the tax which is paid directly to the
centralgovt by the assesse on the income earned

SERVICE TAX - IS the  tax  which is paid for rendering of 
services in this case the seller of the service collects
the service tax towhomhe is rendering the service & 
indirectly pays to the  centralgovt

sales tax - is the tax which is leivied at the point of
sale this tax will be leivied on sales
RATE - 12.36%,  12% IS SERVICETAX, .36% IS E.D CESS
vat - value added tax ,vat is a formof salestax which is 
collected in different stages of transactions like buying
selling & distribution of goods & services  the input  tax
is rebated against the out put tax is called  as vat

FORMULAE  - OUTPUT  - INPUT
RATES     -  1%,4%,12.5%

EXCISE -  Excise duty  willbe paid when the goods are 
removing out side the gate they need to pay the duty known 
as excise duty it could be also called as cenvat
FORMULAE  - SAME AS VAT
RATE      -  14%

vat stands for value added tax.sales tax is redefined &
renamed as a VAT. but central sales tax is remain same name
and applicable as CST. sales tax has two types.
1st- local sales tax that is also called vat.
2dd- central sales tax that is called cst.
 filing of return is quaterly for vat & cst.
 Rates of vat i.e. LST is 1%,4%,12.5%,20%
1% is used for selling gold silver diamonds ETC
4% is used for selling rice pulse medicine ETC
12.5% is used for cosmetic item ,packed tin food, pac &ked
water & luxurious item.
20% for liquor product.
filling process. -for purchasing 
form Lp7 for 1%, 4% and 12.5% goods purchasing
for selling LS 9 for 1%,4%,12.5%,20%
Quaterly return form vat R1-its included all purchase during
three month mmention in Lp7 and ls9
yearly return vat R2 details regarding sale and purchase
throughout the year,
timing for filingfor 1st qtr-30july,2ndqtr-30oct and so on.

what is vat,meaning,procedure,heads,rates,all form of
vat,when vat is filled,full information about vat?
 
 Question Submitted By :: Vikas.hooda 
I also faced this Question!!      Rank  Answer Posted By   
  
   Re: what is vat,meaning,procedure,heads,rates,all form 
of vat,when vat is filled,full information about vat? 
Answer
# 1 vat stands for value added tax.sales tax is redefined &
renamed as a VAT. but central sales tax is remain same name
and applicable as CST. sales tax has two types.
1st- local sales tax that is also called vat.
2dd- central sales tax that is called cst.
 filing of return is quaterly for vat & cst.
 Rates of vat i.e. LST is 1%,4%,12.5%,20%
1% is used for selling gold silver diamonds ETC
4% is used for selling rice pulse medicine ETC
12.5% is used for cosmetic item ,packed tin food, pac &ked
water & luxurious item.
20% for liquor product.
filling process. -for purchasing 
form Lp7 for 1%, 4% and 12.5% goods purchasing
for selling LS 9 for 1%,4%,12.5%,20%
Quaterly return form vat R1-its included all purchase during
three month mmention in Lp7 and ls9
yearly return vat R2 details regarding sale and purchase
throughout the year,
timing for filingfor 1st qtr-30june,2ndqtr-30oct and so on.

If we are paying Rent morethan 10,000 /-. PM we are liable 
to deduct the TDS u/s 194 I

1)Paying to induvidual - TDs-15% & SC -10% & Cess -3%
   (if income crossess more than 10,00,000 we have to 
deduct Surcharge unless no need of deduct Surcharge for 
induvidual)

2)Paying to Company - TDS -20% & SC-10%,& Cess-3%

We have remit the TDS on or before 7th every month. and E-
TDS to be filled quarterly on or before 15Th