scrap calculation
This query is : Resolved
06 September 2008
dear sir
can you suggest me how to calculate the valueation of scrap, and saleing of scrap's value is indirect profit or others. if i am a manufacturing of co. and scrap is generation during construction of new project.
thanks & regards
Praveen
can you suggest me how to calculate the valueation of scrap, and saleing of scrap's value is indirect profit or others. if i am a manufacturing of co. and scrap is generation during construction of new project.
thanks & regards
Praveen
08 September 2008
This would be charged to profit and loss account as miscellaneous income under indirect income
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
