If a building is revalued then is the revalued amount subject to deprecation as per Income Tax Act, 1961??
XYZ is a Trust registered under Bombay Public Trust Act, It has A scheme permitted by its bye laws to allow its members to pay membership charges (which will form part of corpus Fund) in Installments. But few Members defaulted in paying the Installement Due on specified Days Managment therfore decided to forfiet the money recived
Is there any provision to show such forfeture amount, if yes where it can be shown
Hi,
I am doctor and my professional income for the financial year 2007-08 is Rs.4 lakhs. During the financial year i traded in F&O. The gross sales in F&O is Rs.369579265/- and purchase value is Rs.370845054/-. The net loss amounted to Rs.1265788/-. Do i come under the purview of Sec 44AB.
Regards,
Priya
hi,
i wanted to know... if after calculating the wip.. for a real estate co as per AS7.. shud we pass any journal entries for the same.. how shud the income n exp be shown in p&l a/c aftr calculation??
We have godown at X Place Purchase cost 100000/- & WDV Rs. 50000/- & the same is sold for Rs. 150000/-. In same year, We also purchased another Godown at Price of Rs.120000/-. In this case, What will be treatement of Assets for Depreciation ? & How it will be calculate in this case.
what is an Multipurpose Empanelment Form (MEF)and for what purpose it is used?
Sir,
My query is can we adjust the ROC related expenses to raise the share capital against the Share premium account.
Where the entire raised share capital was issued immediately.
If so Sec.78 usage of Security premium is questionable?
hi,,,,,,,,
if any body having it, then please forward it to me
hi
how should we vouch & verify customs duty?
someone pls guide me.
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Depreciation