I have purchase one residency hose of Rs. 75 lacs, and loan sectioned for 50 lacs. so can I get deduction of 1 lac under intrust of housing loan. Thanks in advice..

Hi....

I have doubt that as per Transitional provisions given in the Schedule II of the companies act, 2013, if remaining life of the asset is nil then carrying amount of the asset as on balance sheet date should be recognised in opening balance of retained earnings or may be charged to profit & loss account.

Whether this treatment should be done even though asset is still existing on balance sheet date??

Thanks in advance....

What is the difference between cum-right price and ex-right price of shares? Also what is meant by record date of right shares? Please explain with some examples. Thank You

What is wctl and wcdl and how it is caclulated in credit appraisal

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HOW DO WE REVERSE GRATUITY PROVISION MADE IN ACCORDANCE TO ACCOUNTING STANDARDS 15 KINDLY GIVE THE RELEVANT JOURNAL ENTRIES AT THE EARLIEST KIND REQUEST

Hi,

Please let me know what of uses of cancel cheques? We have to submitted physical cancel cheques?

if dr balance in share forfeture account exceeds credit side then balance should be transferred to which account..???

Soleproperitor pays interest on unsecured loans should he deduct TDS

Purchase of machinery and sale of machinery.
AND
Profit on sale of machinery and loss on sale of machinery, in manufacturing concern,
what is journal entry for this?

Please explain me with example by taking assumption Value and
where to take in tally in Journal(F7) Or Where