Please help me urgent
Sarath.M.G (Student) (63 Points)
19 April 2014Sarath.M.G (Student) (63 Points)
19 April 2014
veeru sagar
(BBE,M.com,CA Final )
(468 Points)
Replied 19 April 2014
dear sarath
in the 1st query you absolutely right that amount of Rs 2000 shall be pre- aquesition profits bcoz that profit was earned in the previous year thats why that would be Pre-Aquesition profit,
and in 2nd query the date of aquesition in second case 1/7/2010 after the six month in this case you have to distribute the amount 12000 ( first 2000 from previous profit take 60% and another 10000 from current year profit and take 60% of it after this you should divided the 6000 in past and post profit divided and final figure would be Pre Aquesition div 4200 and post aquesition div 3000
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