its urgent plz make it quick
This query is : Resolved
Vikram Gupta
(Querist)
03 September 2009
can anybody tell me how to show the interest on fdr received by charitable trust during pre construction period.there is also pre operative exp.can we adjust the interest against pre operative exp or whether it should be shown in p/L a/c seperately
thanks in advance
regards
vikram gupta
thanks in advance
regards
vikram gupta
Late CA Sampat Jain
(Expert)
03 September 2009
IT IS INCOME FOR THE PURPOSE OF INCOME TAX ACT
SHOW IT IN P L ACCOUNT
ASSUMING AMOUNT APPLIED FOR CONSTRUCTION FOR CHARITABLE PUPOSE NO TAX
SHOW IT IN P L ACCOUNT
ASSUMING AMOUNT APPLIED FOR CONSTRUCTION FOR CHARITABLE PUPOSE NO TAX
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
