threat to growth. There is a fiscal deficit and current account deficit. The export has come down. It is not growing. The manufacturing sector ... slowdown in GDP growth, a higher trajectory of retail inflation, risky current account deficit and instability in banking sector. … (Interruptions)
They talked about recapitalization
there is a provision of direct benefit transfer to the farmer’s account of Rs. 8,000 per year, that ... Indian economy are strong and robust be it inflation, be it current account deficit, be it fiscal deficit, be it foreign direct investment or foreign
Secreatry-General Laid A Copy Of The President'S Address To Both The Houses
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
appropriates the same towards the common expenses.
PMS maintains separate set of accounts of the members and
all connected expenses both direct and indirect expenses ... regards the member account the net surplus / deficit
are accounted in Plaza owners fund account and accounted
in current liability and current assets respectively
brought forward deficits of Income &
Expenditure accounts of earlier years with the surplus of the current
year beyond the scope and ambit of section ... account. However, this profit was adjusted by assessee with the deficit of
earlier years. However, the AO was of the view that deficit
allow carry forward off the deficit of earlier years
to be set off of the surplus of current year income & subsequent years and consider ... erred in
allowing carried forward of deficit of earlier years amounting to Rs. 57?38,572/-on
account of excess expenditure over the income) against
There is no provision for payment of interest on capital and current account of
the partners. Hence the overdrawings made by one of the partner ... current account. Similarly, the assessee had not
charged any interest from the partner who had overdrawn beyond his capital and
current account.
b) The assessee
Assessing Officer observed
that the assessee had claimed application of
income on account of expenditure of earlier
years, which has been brought forward
Date ... earlier years brought
forward expenses as application of income in
the current year. According to the Assessing
Officer, the application of income for
charitable purposes
Assessing Officer
observed that the assessee had claimed
application of income on account of
expenditure of earlier years, which
has been brought forward ... earlier years brought
forward expenses as application of income
in the current year. According to the
Assessing Officer, the application of
income for charitable purposes
