25 May 2016
The consideration is given as to whether it is a LUMP SUM sale or piecemeal transfer of asset. The deed of merger plays an important role in this.
01 June 2016
if it is lump sum, capital gain is on the business as a whole. If it is asset wise sale, you need to calculate capital gain on each asset
Querist :
Anonymous
Querist :
Anonymous
(Querist)
18 June 2016
A Proprietorship firm take a loan from bank. for bank loan bank open new account & credit loan amount in new a/c. now the question arises what is the entry for that transaction ??????????? bank A/c Dr. To _________________ what is the entry in case of loan repayment ??????????
19 July 2016
what is partners Remuneration in case partnership firm dissolve in mid of the year ????????????? is there any monthly of half yearly calculation of remuneration or paid as prescribe limit??????
19 July 2016
remuneration is calculated as provided in the deed of partnership. So far as income tax is concerned, the amount calculated as per section 40(b) is ALLOWED, the rest is disallowed