Fire loss on fixed assets
This query is : Resolved
29 August 2011
IT IS POSSOIBLE FOR FIRE LOSS ON FIXED ASSETS SET OFF/ADJUSTED AGAINST PROFIT
CA Ravi Sisodia
(Expert)
29 August 2011
loss by fire of fixed assets is also charged to P&L a/c.
30 August 2011
SIR,
PLS CLARIFY IN THIS MATTER.,
MY CA ARE ADDED FOR FIRE LOSS IN PROFIT IT IS OK......FIRE LOSS IS ACTUAL LOSS IT IS ADDED IN LOSS. IT NOT POSSIBLE YA INCOME TAX JUDEMENT ANY., WE CLAIM FIRE LOSS IN ACTUEL LOSS.,
PLS CLARIFY IN THIS MATTER.,
MY CA ARE ADDED FOR FIRE LOSS IN PROFIT IT IS OK......FIRE LOSS IS ACTUAL LOSS IT IS ADDED IN LOSS. IT NOT POSSIBLE YA INCOME TAX JUDEMENT ANY., WE CLAIM FIRE LOSS IN ACTUEL LOSS.,
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