cost of an item of property plant & equipment comprises:

the initial estimate of the cost of dismantling, removing the item and restoring the site on which it is located, referring to as decommissioning, restoration and similar liabilities; the obligation for which an Enterprise incurs either when the item is acquired or as a consequence of having used the item during a particular period for purposes other than to produce inventories during the period.

primarily explaination required from "or as a consequence......"

can u please help me with subject issue

company having guest house on rent and agreement is between director and owner. can be book guest rent and expenses related to guest house, in name of company.

Proprietor firm mein wife ko salary dikha sakte hain ?

Sir,

Bank manager transfer money from My CC account to current A/c without my knowledge.
Is it right, do bank manager has the power to do that.
Please advise.

An amount was received for accidental death from an Insurance company and such company deducted TDS under section 194A. So, my query is can I take exemption or deduction in respect of that tax amount deducted and if so, under which section of the income tax act can I claim?

My Income from Interest on FDR Rs. 5 Lakhs approx and Income Rs. 200000 capital Gain and 30000 annual from accounts work for fling of GST of GST Return etc please advise the amount of Rs 30000 may be shown in Salary Head in Income tax Return and file return in ITR-2 Dharam Pal Mob. No. 9810600330

Dear All
Can we settle or treat 'unrecovered old advance from employees' as a normal revenue expenses ?
Income tax act will allow this type of expenses for tax computation or not ?

Regards

S Mallick

Sir,
My Income from Interest on FDR Rs. 5 Laks approx. and Income Rs. 200000/- capital Gain and Rs.30000/- annual from accounts work for flling of GST of GST Return etc. please advise the amount of Rs.30000/- may be shown in Salary Head in Income tax Return and file return in ITR-2?
Thanks
Dharam Pal
Mob. No. 9810600330

Dear Sir,

Can a new members who has complied all the provision of the purchase of flat eligible to be appointed as treasurer. Few people opinion that a person can't be appointment to any position till 2 years from the date of Enrollment. They mention that section 27 MCS is the provision governing this.

Regards,
Murari Bharuka