Grouping of itmes as per rev sch vi - very urgent
This query is : Resolved
29 May 2014
Hello,
Kindly guide me how should the following items be shown in Profit & Loss Statment as per rec sch VI.
1.Loss on sale of one asset and profit on sale of other asset can it be net off. where it shoulb be classified.
2.Recruitment fees under which head
3.Advertisement & Promotion.
Thank you in advance.
Kindly guide me how should the following items be shown in Profit & Loss Statment as per rec sch VI.
1.Loss on sale of one asset and profit on sale of other asset can it be net off. where it shoulb be classified.
2.Recruitment fees under which head
3.Advertisement & Promotion.
Thank you in advance.
30 May 2014
in my opinion
1. you must show both separately, loss in grouping of admin exp, and income in other income.
2 RECRUITEMENT EXPENSES are also nature of admin exp.
3 advertise and promotion are type of sales & promotion exp, which must be grouped in other selling exp.
1. you must show both separately, loss in grouping of admin exp, and income in other income.
2 RECRUITEMENT EXPENSES are also nature of admin exp.
3 advertise and promotion are type of sales & promotion exp, which must be grouped in other selling exp.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- Reporting in TDS return
- Grand in aid
- ASMT-10 received from A O
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
