Fire on machinery
This query is : Resolved
30 September 2011
DEAR EXPERTS
I HAVE LOSS FOR FIRE ON MACHINERY OF RS 15 LAKHS FOR THE YEAR 2010-11 BUT TILL DATE I AM NOT CLAIM THE INSURANCE COMPANY AND I AM WAITING THEM. SO HOW TO TREAT THIS SITUATION FOR ACCOUNTING AND INCOME TAX FOR THE YEAR 2010-11
I HAVE LOSS FOR FIRE ON MACHINERY OF RS 15 LAKHS FOR THE YEAR 2010-11 BUT TILL DATE I AM NOT CLAIM THE INSURANCE COMPANY AND I AM WAITING THEM. SO HOW TO TREAT THIS SITUATION FOR ACCOUNTING AND INCOME TAX FOR THE YEAR 2010-11
30 September 2011
IF YOU HAVE CONFIDENCE IN ANY AMOUNT OF CLAIMS, U HAVE SHOWN LOSS ON FIRE AGAINST CLAIMS RECEIVBLE
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