Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / vivek anand
1:::::---set off and carry forward comes under taxation. i
vl take an eg.to explane set off-- mr.a has got 2 business
one is cloth shop and another is coffee shop...at the end
of d year...owner faced a loss of 50000 from cloth shop and
profit of 60000 from coffee shop.(60000-50000) therefore
the owner is only liable to pay tax on 10000 rs because
according to income tax act. his loss should be recovered
from his profit.
note:- both the business should come under one head..
2:::::---carry forward ---taking same senario if mr.a faced
a loss of 100000 and profit 0f 30000 ...den his profit
amount will be adjusted to his loss amount and he will not
be liable to pay any tax...whereas (100000-30000) leftover
amount vl be again adjusted to next year profit....if he
coundnt recover his loss amount next year...d maximum time
he can take is 8 years..
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.
1.recivable and payble 2.pf,tds,esi
hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
Have you ever made mis reports and what are they?
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
What is quality discount?????//// pls mail ur answers at my e - mail ID : kamalsodhi24@gmail.com
What entry to be passed for Duty draw back as receivable
What is the difference of cost accounting and financial accounting?
is WCT aplicable on educational institutions also??????
What is journalizing? What are the columns of a journal?
what accounts payable applications are your familiar with?
