can a husband and wife form a HUF and apply for pan card without having any child?
what documents needed if husband and wife can register for HUF for pan card . and what will be the date of incorporation?
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HUF Pan card : members only husband and wife
Replies (15)
Quick Summary
1. Yes
2. Marriage certificate, PAN Adhar & address proof for both; HUF incorporation deed.
3. Can be today itself.
@ Dhirajlal sir, as per Accounting standard 11 for exchange differences, for an example if I raised my bill on the date of 20.10.2022 goods to America on the day exchange rate is rupees 70, my party is paying and date of 1.3.2023 on the day exchange rate is rupees 85...
Query No 1:as per Accounting standard 11 which date I should have to first recognise in my books of account ( initial recognition)
Query No 1:as per Accounting standard 11 which date I should have to first recognise in my books of account ( initial recognition)
Thank you so much @ dhirajlal rambhia sir
Most Welcome...
@ MPR Sanjay...
Date of Initial Recognition in the example is 20.10. 2022.
@ Dhiraj Lal sir, when my party paying that day I should have to recognise foreign gain or loss in my profit and loss a/c..
Yes, it will be profit on the day of payment recognition.
@ Dhirajlal Rambhia sir, Raw materials: AT COST(IF FINISHED GOODS ARE SOLD AT OR ABOVE COST), OTHER WISE REPLACEMENT COST
explain me sir
explain me sir
Its a rule, just remember it, there cannot be explanation to it.
@ Dhirajlal sir please check me,
For example : Mr Sanjay is a manufacturer of Car ,he purchased the Raw materials at Rs 1 lakh ,finally the Finished Good car is ready for sale Rs 10 lakh ( Above cost) ........so in his books of accounts he accounted the valuation of inventory Rs 1 lakh
Mode 2:
above same case the finished good car is sold below the cost of Car ,can Sanjay account his books of account at replacement cost?
For example : Mr Sanjay is a manufacturer of Car ,he purchased the Raw materials at Rs 1 lakh ,finally the Finished Good car is ready for sale Rs 10 lakh ( Above cost) ........so in his books of accounts he accounted the valuation of inventory Rs 1 lakh
Mode 2:
above same case the finished good car is sold below the cost of Car ,can Sanjay account his books of account at replacement cost?
But what is the replacement cost of the inventory?
Which means market price while selling time ?? Rs 8 lakh sir
Replacement cost of inventory on the date of records...
Pardon?
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