Loan availed from Bank for purchase of asset is taken as a receipt/income in the previous year and such loan repaid during the current year can be considered as application of income

i have incorporated pvt ltd co. in 2016 and show preliminary exp. 25000 less write off 2500 rs/- in that year remaining 22500 show in assets side now can i write off 7500/- in march 2018 bz write off should be in 5 year 1/5 of every year what i do?

Sir, Please tell me for export freight and insurance is taxable under gst in case of export.
if not please confirm which rules, notification or circular no. in details.

regards
Prahlad Jangir

Urgent Query -

Can a partner of firm, receiving remuneration and interest on capital opt for Section 44ADA (Presumptive Taxation). The total amount of remuneration and interest is less than 50lacs.

One of my client incurred much loss (6 time of Assets & Capital) in private Limited Company Balance sheet and no sales in previous year.
Which Independent Audit report (IAR) I will issue? And is any reporting required on going concern accounting standard and where?

Please suggest me

What is the procedure to make a private company subscriber to memorandum of association of new private company in form INC 33? What details to be filled in subscriber sheet in form?

i have completed my B.COM , G.D.C. & A . I had 7 years experience in a chartered accountant firm. can i start my own practice???
plz. guide.

Opening balance of car = Rs. 100000/-
Addition on 31.12.2017 = Rs. 50000/-
Sale of car on 31.01.2018 = 20000/-

Depreciation = 100000 - 20000 = 80000* 15% = 12000.00
50000* 7.5%= 3750.00
Total Amount of Dep. will be debited in P/L A/c =15750/-

Am I Right ? Please Advice me .

An Advocate raised the bill of Rs 200000/- . GST (18%) under reverse charge method. TDS (10%) under Section 194J. Both Parties under the Same State .

Please inform me the Accounting Entry. It is very Urgent.

We are purchasing new textile machinery @18% GST and our manufactured product is taxable @ 5% GST.

Can we claim Input Tax Credit & can we claim refund of this ITC?
Please reply
Thank you