Any members please answer the below question.. Its urgent.
Paloo Limited furnishes details for the previous year 2008-09
i) Profit before Depreciation - Rs.10,00,000
ii) WDV of Machinery as of 1st April 2008 Rs. 10,000,000 (Dep rate 15%)
iii) Money receivable in respect of a plant on 1st March 2009 - Rs. 11,20,000
iv) Selling expenses in respect of sale of P&M - Rs.20,000
Analyst the tax implication of the above. Could you suggest a scheme of tax plannig?
--- Anybody can solve this question for MBA paper please ? Thank you so much in advance.
CAclubindia
