PPT-Crown Asset Transfer and Disposal Policy

Transfers To date 21 applications received 8 applications in the assessment process 13 applications approved by joint Ministers 2 applications awaiting MoU signoff 9 applications in Public Works Act clearances process. their prompt disposal. Any lapse in this behalf is the personal responsibility of the supervisor of the Section. Double entry records for depreciation. Learning objectives. After you have studied this chapter, you should be able to:. Incorporate depreciation calculations into the accounting . records. Record the entries relating to disposal of non-current . Asset Classification. Capital Assets. Cost greater than $5,000. Use an expense account code 63xxx. Minor Equipment. Cost greater than $1,000 but less than $5,000. Use expense account code 62238. Sensitive Equipment. Introduction. Objectives:. State the 3 reasons for disposal. Recognise and calculate the gain/loss on disposal of fixed assets. Identify the two methods of recording the disposal of fixed assets. Record disposal of fixed asset. Arrangement of sections. By CA CMA CS . Melam. Ram . Pavan. Kumar. rampavankumar@yahoo.com. Arrangement of Sections - Definitions. Section. Definition. 2(1B). Amalgamation. 2(14). Capital asset. 2(19AA). UNDER INDIAN . INCOME TAX ACT 1961. (Amended - Finance Act. 13). CHARGEABILITY U/S 45. 2. Any profit or gain arising from the . sale or transfer . of a C. apital Asset . is chargeable to tax under the head “capital gains”. It is deemed to be income of the previous year in which transfer of capital asset takes place.. Derek Marshall. Chair of Dundee Social Enterprise Network. Decade of Development. Social Enterprise Eco-system. Academic Capacity. National Strategy - themes. Ambition for Social Enterprise. …a thriving, dynamic, effective, sustainable sector, transforming communities, contributing to the economy and society, trading and influencing internationally and sharing and learning in the global community.. Introduction to Accounting . Lecturer: Troy J. . Wishart. . . Summer Course. ACT 110. Is EASY POP!. Our Confession. And . I am Going to get an “A”!. Depreciation. Lecture Notes 6. UNIT 10 AND 15. CAPITAL EXPENDITURE AND REVENUE EXPENDITURE. Capital expenditure is incurred when business spends money either to:. buy non-current assets, or. . add . to the value of an existing non-current asset. Planning. Presented by:. CA Vijay Kr . Agrawal. , JAIPUR. MCOM,FCA,DISA,DIRM,LLB,NDDY, CCCA, CCFAFD, DAT. Phone: +91 9828149043 . Email: . catvijay@yahoo.com. Capital gains.. 45..  (1) Any profits or gains arising from the transfer of a capital asset effected in the previous year . OF SUBSIDY HOUSES TO APPROVED SUBSIDY BENEFICIARIES. TITLE RESTORATION PROJECT. Basic definition – understanding the nature of the “Backlog”. A historic (1994-2014) build-up of primary transfer from the Municipality to the original intended housing subsidy beneficiary that was not or could not be concluded timeously after construction;. MODULE 2. WHAT IS CLUBBING OF INCOME?. Clubbing . of income means Income of other person included in . assessee’s. total income,.  for example: Income of husband which is shown to be the income of his wife is clubbed in the income of Husband and is taxable in the hands of the . . For land owners. For developers. Tax issues for land owners. Capital asset or business asset.. Date of transfer of ownership of asset.. Value of sale consideration.. Whether rural agricultural land exempt from tax.. Farm Asset Planning . and Transfer. Andrew Branan, JD. Assistant Extension Professor. Department of Agriculture and Resource Economics. North Carolina State University. rabrana2@ncsu.edu. This. Lawyer’s Observations.