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

Answer Posted / 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       View All Answers


Please Help Members By Posting Answers For Below Questions

service tax

1604


Which income is considered as accrued income?

649


What is calculate of tds

1537


What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?

2121


If the the material sent for job work in outside state for job work ,what should be service tax chargeable or not if material receipt after job work done to job worker kindly suggestion

1407






I want PTR Number and I am working professionaly related documents i have but officer asked me to bring any business commencement proof. here,I have no business? so what proof i will give to him.

6815


Calculate debtors at the end of the year? debtors-50000, bad debts-2000, discount allowed-1000, 5% on bad debt, 2% discount allowed?

1697


Can we pay advance salary to a single employee in cash of an amount exceeding 10,000?

1038


we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us. 

2100


How can I Return CST Form-I

1259


what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?

3258


what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this

1534


What is FBT & Service Tax Remittances?

1802


what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?

1688


Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?

1479