CA. Kalpesh H. Karia is a Fellow Chartered Accountant . He founded and developed his blog FinanceFriend.in in 2012. He regularly posts articles related to finance and taxation on his blog. As the name suggests, he is trying to be a Finance Friend and wants to give back to society what he has learned over the years.
He shares knowledge based on his 18 years of experiences in areas like Finance, Accounts, Taxation, Forex & Treasury , Wealth Management & Financial Planning, Costing, SAP and Digital Transformation .
This site is very useful, please put some interesting topics regularly, we shall be thankful.
i have purchased a SX-4 used car from a friend, and not having the bill but the cost is Rs. 5,10000/= how much should i book in my books of account for 2012-13 and how much should i claim the depreciation on used car?
It helps a lot, if you could provide form nos.also which is to be filled for statutory payments.