During the year 2011-12, car was stolen by theft. WDV of the Motor Car is Rs.23.00 Lakhs consists two cars. WDV of stolen car is Rs.15.00 approximately. Insurance against loss of car is not yet received. What is the accounting treatment and tax treatment?
Menu
Car lost by theft
Replies (1)
reduced the amount of insuance claim from the WDV as per block of assest consept
Recent Topics :
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
Related Topics :
CAclubindia
