General Discussion On The Union Budget For 2017-18 (Discussion Not Concluded). on 8 February
year.
There are, however, three major challenges for emerging economies. First, the current monetary policy stance of the US Federal Reserve, to increase the policy ... management, resulting in higher agricultural production, especially in pulses. India’s Current Account Deficit declined from about 1% of GDP last year
been slow. The rate of inflation, the balance of payments, current account deficit and the fiscal deficit have been consistently reduced since 2014. Foreign Direct
Director of the assessee cum Assistant General Manager (Finance and Accounts) deposed that the main object of the assessee is to provide building maintenance ... regards the owners account, the net surplus / deficit are accounted in Plaza Owners Fund account and accounted in current liability and current assets respectively
insurance, can the assessee aggregate
surplus/deficit from policy holders account to surplus/deficit of the
shareholders account. We find that the coordinate Bench ... observed that surplus/deficit from
shareholders account should be aggregated with surplus/deficit of the
policy holders account for determining the profit/loss
currently jointly owned by Mrs.Mukunda
Nayak and Mrs.Sangeetha Nayak) and plot
No.44 which is currently vacant site will be
handed over ... creadited or
debited as the case may be, to the respective current
accounts of the partners.
33 O.S.No.2929/2014
business and, therefore, erred in assessing the surplus/(deficit) shown
in the income & expenditure account as the business income of the assessee. Such
findings ... business and, therefore, erred in assessing the deficit shown in the
income & expenditure account as the business income of the assessee. Such
findings
Mehul Chinubhai Choksi vs State Of Gujarat & on 5 May, 2017
Author: J.B
deficit/loss:-
a) The CIT (A) has erred in directing the assessing officer to allow
set-off of excess expenditure/application pertaining to current
asst ... provision for computing loss from property held under
trust/ institution on account of excess application of income/funds of
the trust
raised the following grounds:-
"1) Carry forward of excess application/ deficit of
current year for application in subsequent (future)
year ... assessee's claim of carry forward of excess application/deficit of the
current years for set off as application against income of subsequent
years