banner_ad

Sale of calf

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 January 2014 SIR I AM RUNNING A DAIRY FARM FOR THE LAST SEVERAL YEARS. SIR FEW YEARS AGO SOME CALF BORN.I HAVE BEEN PROVIDING THEM REGULAR FEEDING.

SIR TODAY I HAVE SOLD OUT 4 CALF FOR RS. 100000/-

SIR PLEASE GUIDE ME THAT WHAT WILL BE TAX TREATMENT
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
08 January 2014 You have directly not incurred any cost in purchasing a calf. Still, its day to day feeding has costed to your business and the same was charged to profit and loss account.
So, you are selling the "calf" just like a product on which you have incurred only revenue expenditure. So, in my view, you have to credit the amount so received to P&L A/c.
.
There may be many other views on this matter. Please wait for the expert's view.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details