Investments in trust were made against accumulation of surplus. Subsequently, these investments had to be written-off pursuant to RBI directions. The question is - whether the loss on such write-off can be considered application of income ? If not then,it will be a double jeopardy for the assessee. Kindly help.Thanks
Menu
Application of Income in Trust/society
Replies (3)
What do you mean by investments had to be written off !!!
bonds were scrapped by RBI
Amazing. Which bonds ?? Please let know
Recent Threads
- About CMP -08
- RCM List on GST
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
Related Threads
CAclubindia
