21 October 2010
Hi Friends.. plz clear my following some points.. when during the year one of fixed assets loss due to theft but block is not empty & insurance claim(not confurm amt) made but that is pending, so how we deal during the year; means that assest less from block during the year or wait tel the insurance claim received (becoz if we less it than we loss deprication during the year & assets also)?& when cliam received taxable or not?. plz tel entirs also in books..
CAclubindia
