Transfer of B/S items from Specific trust to Individual
This query is : Open
12 July 2011
One of my client was having a trust till FY 2010-11. Now i have to transfer all the Assets & Liabilities of his Trust to his Individual Balance Sheet as on 31/03/2011. What treatment should i do?
His particulars:
FDR including intt.(net of TDS) Rs.27,80,314
Cash Rs.50,100
Opening Capital Rs.26,34,497
FDR Intt. Rs.2,07,825
Saving Intt. Rs.98
TDS Rs.12,006
Plz suggest how to deal with it.
His particulars:
FDR including intt.(net of TDS) Rs.27,80,314
Cash Rs.50,100
Opening Capital Rs.26,34,497
FDR Intt. Rs.2,07,825
Saving Intt. Rs.98
TDS Rs.12,006
Plz suggest how to deal with it.
13 July 2011
Under what authority you are planning to transfer the trust money to individual????????
Message likes :
1 times
13 July 2011
The trust was running for the minor & now on after attaining maturity the trust money is being transferred to individual. Plz suggest the treatment of this for both trust & individual.
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
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
