What is the treatment of Live Stock ? if it is transfer to
the Profit & Loss Account or otherwise it will be treated?

Answers were Sorted based on User's Feedback



What is the treatment of Live Stock ? if it is transfer to the Profit & Loss Account or otherw..

Answer / hitesh

live stock is never depreciated....

Is This Answer Correct ?    1 Yes 0 No

What is the treatment of Live Stock ? if it is transfer to the Profit & Loss Account or otherw..

Answer / parul

Live stock will be depreciated as per revaluation method.
Every year revaluation will be made and differencing amount
will be written off to p & l a/c as depreciation.

Is This Answer Correct ?    1 Yes 1 No

Post New Answer

More Taxation Interview Questions

WHAT IS CST & WHAT IT'S RATE ?

8 Answers   Bombay Rayon Fashions,


Our business is an international call center. we are selling antivirus which is buying rs 200 & selling Rs 4500.what will be the purchase & sales.& what will be taxation processor to calculate tax

0 Answers   TATA,


what is diffrant betwwen exice duty & sale tax

8 Answers  


What is corporate Tax

4 Answers   Genpact,


What will be the rate of TDS on contractor if the amount paid in a year crosses Rs.75000/-

6 Answers  






What are the present rates of Vat, Tds & Service Tax?

16 Answers   Genpact, IBM, Medical,


What is deffered tax liability?

5 Answers  


Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.

0 Answers  


While issue of C form to the seller, c form can be issued on either before @ 2% CST or after @ 2% cst. If so, what is the logic.

5 Answers  


Esic calculated on gross to be rounded to?

1 Answers  


I am paying LIP to my daughter Rs 12500 per annum since 5 years. last year she got married. Pl advice me whether I can add her LIP payment to my savings to get Tax benifit

1 Answers  


if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?

0 Answers  


Categories