Amalagamtion
This query is : Resolved
18 April 2017
Post merger or purchase, the unrealized profit on stock held by vendor co. as on the date of merger or purchase be derecognized in which of the the following cases
1) Vendor holding stock purchased from purchasing company
2) When two companies amalgamate and form a new company
In 2 nd case it should be derecognized , but in 1 st case whether it should be derecognized or not?
1) Vendor holding stock purchased from purchasing company
2) When two companies amalgamate and form a new company
In 2 nd case it should be derecognized , but in 1 st case whether it should be derecognized or not?
19 April 2017
In First case it is not reversed.
For for details you can check Amalgamation video created by me.
https://youtu.be/ouSL6sRa4vs?list=PLjemDd6cjImDWEsKTgF6OtUZhVOXzoMCI
For for details you can check Amalgamation video created by me.
https://youtu.be/ouSL6sRa4vs?list=PLjemDd6cjImDWEsKTgF6OtUZhVOXzoMCI
Message likes :
1 times
19 April 2017
Thank you sir for your clarification
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Gst reverse charge mechanism to be claimed in the month of payment
- Short Term Gain Reporting ITR
- DUE DATE FOR ITR FILING
- Missed TDS
- F&O reporting in ITR
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
