Treatment of One time settlement (OTS) by Bank or Loan waiver under Income Tax Prabhat Somani
What happens when a businessman gets a loan waiver or opts for One time settlement, does that become taxable income? Depreciation claimed on capital asset purchased from loan becomes taxable income?
Decoding case study of Mahindra & Mahindra v/s CIT(2018) and answer all such questions as framed above
Treatment of One time settlement (OTS) by Bank or Loan waiver under Income Tax Prabhat Somani
What happens when a businessman gets a loan waiver or opts for One time settlement, does that become taxable income? Depreciation claimed on capital asset purchased from loan becomes taxable income?
Decoding case study of Mahindra & Mahindra v/s CIT(2018) and answer all such questions as framed above
A brief introduction on International Accounting Standard (IAS - 17) named as Leasing, within the introduction disclosure requirements are described.
The second part covers the application of IAS - 17 on Financial Statements of Kohinoor Company Ltd.
Important Accounts Paper - 2015 - Commerceseomiamia
Mia Mia is a real time local search engine that enables people to search for a search provider anywhere with ease and convenience. The institutes and coaching centres providing the best Commerce classes in Mumbai and nearby areas are listed on MiaMia. For details - visit: http://miamia.co.in/
10 key takeaways from companies amendment bill 2016Taxmann
Companies Amendment Bill, 2016 (the bill) was introduced in Lok Sabha on 16th March, 2016. Most of the amendments proposed in bill are broadly aimed at addressing difficulties in implementation of provisions of Companies Act, 2013.
TransPrice Times - 1st September - 15th October 2016Akshay KENKRE
Dear Readers,
We are pleased to present TransPrice Times from 1 September- 15 October 2016
In this bulletin, some key issues in Indian litigation have been discussed with regard to royalties, aggregation approach corporate guarantees etc. Further, find what's new in the revised Income Computation and Disclosure Standard, that were notified recently.
We hope you find this newsletter both timely and useful, and we look forward to your feedback and suggestions to improve it further. You can write to us at akshaykenkre@transprice.in
Happy Reading!!!
The general election to Lok Sabha is the most important democratic process in the Indian Constitutional Framework. Current elections have attracted a huge turnout of the voters, clearly indicating to the political leadership that India need change and Indian democracy, economy and expectations of public and society is under transformation.
A brief introduction on International Accounting Standard (IAS - 17) named as Leasing, within the introduction disclosure requirements are described.
The second part covers the application of IAS - 17 on Financial Statements of Kohinoor Company Ltd.
Important Accounts Paper - 2015 - Commerceseomiamia
Mia Mia is a real time local search engine that enables people to search for a search provider anywhere with ease and convenience. The institutes and coaching centres providing the best Commerce classes in Mumbai and nearby areas are listed on MiaMia. For details - visit: http://miamia.co.in/
10 key takeaways from companies amendment bill 2016Taxmann
Companies Amendment Bill, 2016 (the bill) was introduced in Lok Sabha on 16th March, 2016. Most of the amendments proposed in bill are broadly aimed at addressing difficulties in implementation of provisions of Companies Act, 2013.
TransPrice Times - 1st September - 15th October 2016Akshay KENKRE
Dear Readers,
We are pleased to present TransPrice Times from 1 September- 15 October 2016
In this bulletin, some key issues in Indian litigation have been discussed with regard to royalties, aggregation approach corporate guarantees etc. Further, find what's new in the revised Income Computation and Disclosure Standard, that were notified recently.
We hope you find this newsletter both timely and useful, and we look forward to your feedback and suggestions to improve it further. You can write to us at akshaykenkre@transprice.in
Happy Reading!!!
The general election to Lok Sabha is the most important democratic process in the Indian Constitutional Framework. Current elections have attracted a huge turnout of the voters, clearly indicating to the political leadership that India need change and Indian democracy, economy and expectations of public and society is under transformation.
Social Media @ #SOMshare - Trends, Ressourcen und Erfolgsmessungxeit AG
Referat im Rahmen der SOMshare Community (Austausch unter Social Media-Verantwortlichen) zu ausgewählten Trends sowie Themen wie Ressourcen, Kosten und Erfolgsmessung.
Síntese da primeira Sessão da IDEA's SUMMER SCHOOL.
De como existem alternativas para pensar e avaliar as dificuldades na aprendizagem, de forma a ajudar todos a EVOLUIR. Avaliar para um prognóstico mais do que para um diagnóstico. Porque o essencial nunca é classificar, antes ajudar a evoluir na aprendizagem.
Vimos vários videos de casos e exemplos que analisámos e debatemos. Fica uma breve síntese.
Esta semana há mais, desta feita sobre: AVALIAR A LEITURA. Ainda pode participar: à terça (19-21h) ou à quinta (10-12h). Inscrições em http://idea.conceitos4all.net/IDEA/Eventos/Entries/2013/7/2_Summertime_IDEAs.html
O BLEND está localizado na Rua Alferes Ângelo Sampaio, esquina com a Avenida Silva Jardim, no bairro Batel, e será construído em uma área de mais de 4.000m², unificando seis terrenos na divisa dos bairros Batel e Água Verde, característica que faz do empreendimento um produto exclusivo, que vai oferecer segurança, infra-estrutura, contemporaneidade e conforto em uma das regiões mais valorizadas de Curitiba.
Uma torre com 26 pavimentos, englobando 138 unidades tradicionais, com três e quatro dormitórios (96,46 m² e 133,57 m² privativos), com duas ou três suítes; 4 coberturas duplex (178 m² privativos); e 2 coberturas simples (101,43 m² privativos) com 1, 2 ou 3 vagas.
Entre em contato e agende uma visita:
Corretora Michelli
CRECI: 18969
(41) 9182-3551
![[object Object],Current YearPrevious YearAssets:Fixed Assets:Land & Building less Depreciation3, 70, 0003, 94, 000Plant & Machinery less Depreciation50, 00029, 680Current Assets:Stock in Trade2, 20, 0001, 52, 500Sundry Debtors1, 66, 0001, 56, 000Bills Receivable34, 00018, 500Advance payments to contractors10, 0002, 600Cash with bank20, 00010, 0008, 70, 0007, 63, 280Liabilities:Issued share capital (3, 500 equity shares of Rs.100 each)3, 50, 0003, 50, 000Reserves & Surplus:General Reserve1, 74, 0001, 10, 000 Secured Loans From Banks80, 00070, 000Current Liabilities:Sundry Creditors1, 90, 0001, 87, 280Bills Payable60, 00046, 0008, 70, 0007, 63, 280<br />Required to prepare a schedule showing the Item wise change in working capital and Liquidity Ratios<br />Schedule of Changes in Working Capital<br />Previous YearCurrent YearIncreaseDecreaseCurrent Assets:Stock in Trade1, 52, 5002, 20, 00067, 500Sundry Debtors1, 56, 0001, 66, 00010, 000Bills Receivable18, 50034, 00015, 500Advance payments to contractors2, 60010, 0007, 400Cash with bank10, 00020, 00010, 000(1)3, 39, 6004, 50, 000Current Liabilities:Sundry Creditors1, 87, 2801, 90, 0002, 720Bills Payable46, 00060, 00014, 000(2)2, 33, 2802, 50, 000Net Working Capital (1) – (2)1, 06, 3202, 00, 0001, 10, 40016, 720Increase 93, 68093, 6802, 00, 0002, 00, 0001, 10, 4001, 10, 400<br />Liquidity Ratios:<br />Current Ratio:Current YearPrevious YearCurrent Assets4, 50, 0003, 39, 600Current liabilities2, 50, 0002, 33, 280CA/CL1.801.46Acid Test Ratio:Quick Assets2, 20, 000(CA – Stock – advance payment)1, 84, 500(CA – Stock – advance payment)Current liabilities2, 50, 0002, 33, 280ATR/CL0.880.79<br />](https://image.slidesharecdn.com/statementofwc-solution-110621154435-phpapp02/85/Statement-of-wc_-_solution-1-320.jpg)
