Livestock Valuation
This query is : Resolved
30 January 2009
If a cow(Which is in my books) gives birth to calf then how will calf be valued in the books of account and what will be effect in income tax.
plz reply in context of AS or any Act.
regards,
plz reply in context of AS or any Act.
regards,
30 January 2009
Its like bonus share...
You will have to upadate the number of cows in ur register. But there will be no increase in amount
You will have to upadate the number of cows in ur register. But there will be no increase in amount
30 January 2009
SO NO ACCOUNTING ENTRY AS AMOUNT IS NOT INVOLVED
30 January 2009
BONUS. NO ACCOUNTING ENTRY BUT JUST ADJUSTMENT TO THE NUMBER OF LIVE STOCKS IN YOUR BOOKS.
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Putting a heading on received mail
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Experts need help
- EPF FULL & FINAL RULES IN 2026
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- 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
