Computation of money in excess of wants?
This query is : Resolved
28 September 2007
How does a company determine the amount of money in excess of its wants? Is it by computing the money remaining idle?If so how is that computed?
Refer section 100(1)(c)
Refer section 100(1)(c)
29 September 2007
The matter to beproved is not that the money, but that the capital is in excess of the requirement. If the Company can borrow the money upon better terms, the capital may be in excess of the amount it wants as it preferable to borrow it. Therefore, it is not based on the money remaining idle or money required by the company to employ it in the business.
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EPF FULL & FINAL RULES IN 2026
- Management System (IMS)
- Rental income gst and it purpose
- Eway bill generation from place other than registeted
- Condonation . E-Verification of last year return .
- FTS Taxable under 115A
- Experts need help
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
