Dear experts,
example we have a machinery a cost of rs. 10lacs had lossed in fire and this machinery was insured.
what entry we will provide in profit & loss a/c once for loss in fire and one when we will be receiving a claim from insurance company
There are two co's A and B. A purchase shares in B but the shares are not alloted by 31st March.
Whats the accounting treatment in both the co's as for A its can't be treated as investment as shares are not alloted and for B its no share issued.
How the presentation be made in both the B/S.
What are the consequences of filing a delayed by the Company?
Is the penalty upto 5000/-?
I have short term of Rs 10 lacs and long term capital gain of Rs 8 lacs and and business loss of Rs 20 lacs. I do not want to set off business loss with long term capital gain as it is tax free. How ever I want business loss to set off with short term capital gain only. Is it possible.?
hi,
i had joined a ca firm at 22 feb 2006. i have been taken transfer from said firm at 22 june 2008 with total leave 156.
as per institute latter,my total EXCESS LEAVE till 22 june 2008 is 41.
therafter i have joined a company at 1 july 2008 as industrial training.
please suggest me that when my training get complete. am i eligible for industrial training as minimum number of period for IT is 9 months?
hi,
i had joined a ca firm at 22 feb 2006. i have been taken transfer from said firm at 22 june 2008 with total leave 156.
as per institute latter,my total EXCESS LEAVE till 22 june 2008 is 41.
therafter i have joined a company at 1 july 2008 as industrial training.
please suggest me that when my training get complete. am i eligible for industrial training as minimum number of period for IT is 9 months?
hi,
i had joined a ca firm at 22 feb 2006. i have been taken transfer from said firm at 22 june 2008 with total leave 156.
as per institute latter,my total EXCESS LEAVE till 22 june 2008 is 41.
therafter i have joined a company at 1 july 2008 as industrial training.
please suggest me that when my training get complete. am i eligible for industrial training as minimum number of period for IT is 9 months?
Is depreciation chargeable on the assets of NGO? Also please suggest from where I can get the information regarding the same. That is from some kind of act??
ITR4: P&L and BS needs to be just for business or for assessee as a whole?
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