deferred tax liablity to be calculated on clg wdv of assets of last year and deducted from profits if DTL is created for first time .


my question is so how to calculate DTL from second year . on clg bal of wdv of assets or on depritiation amount creating timing difference .?????????????????

awaiting for best reply kindly keep query open till solved .

Charges can be created for one property from more then 1 banks .\\????
explain with example pls

Charges can be created for one property from more then 1 banks .\\????

what is difference between
rebate
exemption
deduction

my client purchased a office at 10lacks
sell it at rs.23 lacks within 1year and purchased a new house for 35lacs.

he also bear short term share loss rs.3lacs.

can he save capital gain tax with short term share trading loss.

please also suggase any plan to save tax

A privated limited company not carrying any business activity has let out its building on rent. If the company is liable to provide depriciation under companies act or not, because under income tax the rent will be assessed under income from house property and against this head no claim for the depriciation will be admissible. But due to providing depriciation under companies act the value of the property will be depriciating every year.

Also guide in either of the situation if any provision for the deferred tax / liability is to be provided.

Thanks

A privated limited company not carrying any business activity has let out its building on rent. If the company is liable to provide depriciation under companies act or not, because under income tax the rent will be assessed under income from house property and against this head no claim for the depriciation will be admissible. But due to providing depriciation under companies act the value of the property will be depriciating every year.

Also guide in either of the situation if any provision for the deferred tax / liability is to be provided.

Thanks

If 1 partner Mr.X retires from Firm having 3 partners. Total capital of Mr.X in firm is 10 lacks, but on retirement Firm pays him Rs. 11 lacks.Whether Rs. 1 lack can be treated as Goodwill as per Accounting Standard and shown under fixed asset in Balance Sheet ( as this is Goodwill for which firm has paid ) or will be considerd as Internally generated goodwill

A proprietor's capital a/c must be a credit balance.It was so in one of our client's case.But, after claiming additional depreciation the capital balance becomes a debit balance.Now,what are the ways of making it a credit balance except for introducing cash and reducing exp. other than deprecition?

can 1 property be mortgaged with more than 1 banks ?
Can colletarel security be mortgaged with other bank if it was already mortgaged with one of the banks ?