Interested to Buy Any Domain ? << Click Here >> for more details...
Sir,
I request you to please solve my problem as given below-
One Corporate is having Manufacturing unit and Trading
unit also. That corporate prepared joint Balance sheet
& Profit & Loss account. As given below -
Corporate
1
2
Manufacturing Unit
Trading Division
Annual Profit by sale of product
Annual profit by sale of Product
Manufactured with the help of
out sourced from open market for
Fixed Assets ( Land,Building,Plant & Rs.150
Crs and sold for Rs.200Crs.
Machineries of Rs.100 Crs.
Net Profit – Rs. 5 Crs.
Net Profit -Rs. 50 Crs.
Total Income by clubbing both - Rs.55 Crs.
But –
that Corporate can avail depreciation Rs. 5 Crs only and
rest amount of
depreciation may be forwarded to next year.
Because depreciation is meant for
actual uses of Fixed assets. Otherwise Corporate
used to increase the value of
assets by over billing just to get benefit of
depreciation from the income .
Income from trading may be manipulated easily but
not from manufacturing.
- 0 Answers
- 2078 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
One of my client in Mumbai has dispatche the goods to Delhi distributor with tax invoice after charging CST 2%.But Road permit was given by the Delhi distributor and also goods has not been caught at any check nakas of delhi and Finally goods were dekivered to Delhi distributor. Whether it is required under Delhi sales tax act to submit the Road permit to get the C Forms?
What is GDR Issue ?
IT TRANSPORTATIN PAID BY THE PARTY THEN TDS RETURN TO BE FILED BY THE PARTY FOR ONLY TRANSPORTATION DETAILS I.E. TRANSPORTATION DETAILS SHOWN IN THE TDS RETURN EVEN NO TDS
Which laws could we introduce to curb the obesity epidemic?
an offence punishable under IPC only when attempted and not when commited.
What is reasonable belief?
What is Bought out Dealings?
My bf applied for the fiance visa then things didn't worked out. He recently sent a letter to cancel it but we got back together again and want to keep to visa progress going. How Can we stop the cancelling the fiance visa? Can we do that?
I have appeared for llb 1st year in the year 1994. I got 45 marks in 4 subjects but that time passing marks was 50 so can i get exemption of those subject in current year
What is Excice Duty? where is used of excice duty ?
Should the media be more regulated by the state?
difference between holding company and a sub sidiary company
-
Law AllOther (806)
