AS-19 effect on advance tax
This query is : Resolved
13 September 2008
we are following AS-19. so expenses incresed due to this will included in the calculation of asvance tax or not
13 September 2008
In Income Tax Act there is no concept of Financing lease , only there is concept of Operating Lease which is similar to AS 19 in respect of Operating Lease. If you are following Operating Lease, there will be no addition or disallowance of expense. But if you are following Financial Lease, first of all the depreciation claimed in case of Finance Leased assets will be disallowed.
14 September 2008
we are following operating lease.
eg. 100000+200000+300000/3=2 lakhs per annum exp
should be booked as per as-19 so 200000 so what included in advance tax calculation 1 lakh or 2 lakh
eg. 100000+200000+300000/3=2 lakhs per annum exp
should be booked as per as-19 so 200000 so what included in advance tax calculation 1 lakh or 2 lakh
14 September 2008
solve...........
18 September 2008
Hi,
What do you mean by 100000+200000+300000/2 ?
What do you mean by 100000+200000+300000/2 ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
