plz help

what is the PPC objection in UTI PAN services.??

Replies (7)
pls help! i have query regarding depreciation on motor car : op. value :295126, addition during the year :377390, car sold during the year : 280000, loss : 15126. whether to claim depreciation on 15126 as it shows in motor car a/c balace in year end increase by that amount. what is treatment of 15126 ?
In Income Tax depreciation ion fixed assets calculated on the block concept. Op Bal - 295216 addition - 377390 sale - 280000 Cl. WDV - 392516 Depreciation is calculated on Rs. 392516
FOR CALCULATING DEPN ON OPENING BALANCE , EXCLUDE THE VALUE OF ASSET DELETED DURING THE YEAR. REST SIMILAR TO OTHER TREATMENT.
depreciation as per income tax block asset method on 392516 is 29439 for which deprecition entry is passed but the problem is 15126 loss is also accounted by passing entry losson sale of m car To motor car a/c due to which m car a/c balance is 347951 instead it must reflect 363077 how do i account loss on sale of car to reflect 363077 in motor car a/c ? i am confused, pls help !

WHAT IS MEANING OF PPC OBJECT UNDER THE STATUS OF PAN TRACKING

KINDLY ANSWER TO MY QN.

agreed with all above exeprts

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