Valuation of Investment
This query is : Resolved
24 May 2011
What is the treatment of "loss due to fall in Market Value of Shares" in computation of total income?
24 May 2011
no such provision
investment would stay at cost untill it is booked/ sold.
investment would stay at cost untill it is booked/ sold.
24 May 2011
Hi Satheesh,
Actually thats depends on the nature of investments i.e Held for maturity or Available for trade (IFRS). If it is AFS then change in Market value will not have any effect on P&L and if the investment is held for trading purpose then the unrealized gain or loss will charge to P&L.
Regards
Amit
Actually thats depends on the nature of investments i.e Held for maturity or Available for trade (IFRS). If it is AFS then change in Market value will not have any effect on P&L and if the investment is held for trading purpose then the unrealized gain or loss will charge to P&L.
Regards
Amit
24 May 2011
then the effect for unrealized gain or loss will go to the P&L and value of the investment in B/S will be reduced by the same amount.
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Form 121 & TDS deduction
- ITR U for F.Y-2024-2025 From Yesterday
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
