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case study
fact :assessee is in the business of selling paintings
Querry ; catalouge printed to distribute to the visitors for showing them what is in our gallery so where it should be disclosed i.e wether in advertisement or sales promotion or printing charges
please reply urgent
WHAT WILL BE ITS EFFECT ON FBT
This Query has 5 replies
Sir,
Do we need to keep RECEIPT book for domestic customers and international customers? If so in which law and section please.
Thanks & Regards
Hari.
This Query has 5 replies
Can the capital come on the Assets side in case of a Sole Proprietorship Business?
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This Query has 3 replies
This Query has 4 replies
working capital
This Query has 4 replies
Sir kindly give me accurate definition of working capital.
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This Query has 3 replies
It is a School, which is doing services in the LEASED BUILDING and PLAY GROUND for 99 Years. They repaired the play ground with RS.200000/-. What will be the Accounting Treatment for this.
The Expense is CAPITAL or REVENUE. Shall U Clarify me...
This Query has 9 replies
XYZ Company has accepted Rs.2 Crore as share application money. The Autorised share capital is Rs.1 Crore. Now due to heavy business lossess, Rs.2 crores given as share application money were wiped out. The company has stopped doing business. My Query is Can a company write off the Share Application Money and show the same is income in P&L account? Otherwise Company has to incur a huge expense for increase of share capital and allotment of shares, for which company have not money to spent. Expert opinion is sought from the fellow members. Thanks in advance
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