Help Required from CA Final Students
sivaram (Asst Mgr-Taxation) (6918 Points)
25 January 2011sivaram (Asst Mgr-Taxation) (6918 Points)
25 January 2011
Ramanan Krishnamoorthy
(Chartered Accountant)
(158 Points)
Replied 14 February 2011
Hi Sivaram
Please see the attatched file. I think it will help you
Regards
Ramanan Krishnamoorthy
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 15 February 2011
Thanks Mr Raman Krishnamoorthy but the wordings are Realisation profit increases by same Amount but here in your workings Realisation Profit Differs
Ramanan Krishnamoorthy
(Chartered Accountant)
(158 Points)
Replied 16 February 2011
Hi Sivaram
Please read your query again and see the example.
If you cancel the prorata share of purchasing company in reserves by debiting reserve and crediting realisation. Realisation pft will be increade by amount which is equal to Prorata share of Pur Comp in reserves.
Same amount means realisation prt increased by amt equal to prorata share
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 16 February 2011
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)