Fire insurance
This query is : Resolved
Mallika Shah
(Querist)
09 September 2014
an assessee firm has lost its stock and machinery ( both is uninsured)during the year.
THe machinery is purchased in same year.
total loss declared is Rs.15.00 lacs
please tell accounting treatments and reporting in Tax audit report
THe machinery is purchased in same year.
total loss declared is Rs.15.00 lacs
please tell accounting treatments and reporting in Tax audit report
Vishnu Saboo
(Expert)
27 September 2014
Loss by Fire Dr
to Machinery
to stock
to Machinery
to stock
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