Please help..

see  suppose profit of x is 50000

y profit 40000

consolidated profit    90000

now if u reduce

40000-8000=32000

so , 50000+32000=82000

or

90000-8000=82000

bt reducing from consolidated p&l will result in no affect on cost of control?? nd if i take affect from subsidiary the cost of control would be different??

cost of control is suppose to be use for priore period profit not fot currunt period profit

its cost of control till the date the investments are made in subsidary

not after wards

its taken in capital profit and revenue profit

and stock is a revenue adjutment not capital adjustment thats why not taken into cost of capital account

Originally posted by : ramsinghania
	cost of control is suppose to be use for priore period profit not fot currunt period profit its cost of control till the date the investments are made in subsidary not after wards its taken in capital profit and revenue profit and stock is a revenue adjutment not capital adjustment thats why not taken into cost of capital account

thanx a lot... this was the main point which i was not thinking....

k thanks for taking my revision for consolidated b/s  thanks

yes ram sir saying right.... Thanks for taking my revision on this point of mine also 

and thanks to all for sharing valuable info

in the income tax when the artist perform in india , the considration recevied by him for sale of copy right for telecast in india is chargable to tax

is the same procedure or the specific rates are prescribe as for royality i.e. 10 %

they should be charged at rate for royalty..

thanks alot

 thanks for such a quick reply

 i havrent  understood the exception to 149(1) i.e sec150(1) no tym limit for issue of notice for ass.in persuance of order of appeal

and then further there is exception to sec150(1) in 150(2).. i have got confused with the same.. can u pl. explain in berief the link in these 3 sec??

i m unable to understand the question itself

what time limit are u getting confused abt its under sec 153its 9 months

u/s149 read with sec 148 notice can be issue within 4 yaers

Hi Ritika

Please see the attached file with reference to up Stream and Down Stream Transactions

Regards

Ramanan Krishnamoorthy