Very very urgent..........?

1. Clubbing of income means Income of other person included in assessee’s total income.

   eg. Income of a minor child is taxable in the hands of his parents. 

  Clubbing has nothing to do with tax evasion. Clubbing is the provision by which income earned by some other person (like wife-particular cases, children) is added to the income of assesse and he is required to pay taxes on his initial income+clubbed income.

clubbing takes place in following cases like:

                    1. Transfer of income without transfer of Asset

                    2.Revocable transfer of Asset etc.

2. A securitized debt is a debt (or a loan) broken down into various bonds and sold. For example, a Rs 1000000 loan could be broken down into 100000 bonds with a face value of Rs10 each. (source: Wiki)

3. Venture capital is relatively a broader term. if in short i tell u, is by following example:

Suppose A and B. A is not having capital but having a successful business plans and ideas. B is having capital and want to earn some return on it. A and B go for venture capital. A invest his idea and B invest his money. Both get return in their agreed proportion.

for the fouth question, I did not get your query or might be my info. on the topic is not updated...

Corrections and suggestions are invited

Answer to 4th Question:

When degree of completion of Opg WIP is given, but no cost break-up of Opg WIP is given-USE FIFO

When degree of completion of Opg WIP is not given, but cost break-up of Opg WIP is given-USE WAC

Originally posted by : Krishna
	Answer to 4th Question: When degree of completion of Opg WIP is given, but no cost break-up of Opg WIP is given-USE FIFO When degree of completion of Opg WIP is not given, but cost break-up of Opg WIP is given-USE WAC

brilliant and thanks for sharing...