jalaram ginning factory halvad road, dhrangadhra, dist.surendranagar – 363310 gujarat: surendranagar: gautam 9825099912: four star: 364: g&p/0111: milan ginning & pressing pvt.ltd near chhorania sub station, national highway road, ahmedabad- rajkot highway limbdi- 363 421 dist.surendranagar gujarat:
WhatsApp: +86 18221755073The process by which the fibers are separated from the seeds is called ginning. It is one the most important step of spinning process. After collecting from field, Seed cotton moves to nearby gins for separation of lint and seed. The production of a typical gin is about 12 bale per hour. (here 1 bale = 500 pound)
WhatsApp: +86 18221755073301 rowsLearn how to determine the correct recovery period for depreciable assets using IRS Publication 946, Appendix B. Rev. Proc. 87-56 provides tables and guidelines for different types of property and activities.
WhatsApp: +86 18221755073Let us take a practical example. Suppose a ginning factory has a building worth Rs. 22 million, plant and machinery valuing Rs. 2 million and the staff is paid Rs. 50,000/- per month. The factory sought finance of Rs. 5,000,000/- from a bank on the basis of musharakah for a term of one year.
WhatsApp: +86 18221755073Cotton & Ginning Factory [2013] 359 ITR 565 (Kar.) also affirmed the above stand and clarified as follows: i) That existence of conditions stipulated in Section 271(1)(c) is a sine qua non for initiation of penalty proceedings. ii)The existence of such conditions should be discernible from the assessment order or the order of the appellate ...
WhatsApp: +86 18221755073The meaning of the word 'building' as per the Oxford English Dictionary is a 'structure with a roof and walls, such as a house or factory'. Land and Building Depreciation Rate. The depreciation of a building refers to its fall in selling price. One thing that remains useful for centuries is land.
WhatsApp: +86 18221755073depreciation on asset the same should be taken into consideration. Provisions of Companies Act, 2013 and Income Tax Act, 1961 are relevant in this regard. 7.Additions to assets. Any capital expenditure incurred on extension or addition to old machinery will be subject to depreciation in the year in which the addition is made to the asset.
WhatsApp: +86 18221755073- The particulars of a cotton ginning factory shall be entered in the register maintained under sub-section (2) of section 3 and shall include the name of the factory, its situation and the name of the owner or lessee. ... [12 per cent.] on the invested capital minus the accumulated depreciation fund. [(m) cost of hessien and iron strips; (n ...
WhatsApp: +86 18221755073In a case where return is furnished and assessment is made for the first time. [Eg.- (Assessment order u/s 143(3)] The amount of under reported income in case of all persons shall be the difference between the assessed income and the income determined under section 143(1)(a).
WhatsApp: +86 18221755073The journal entry for depreciation can be a simple entry designed to accommodate all types of fixed assets, or it may be subdivided into separate entries for each type of fixed asset. The basic journal entry for depreciation is to debit the Depreciation Expense account (which appears in the income statement) and credit the …
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WhatsApp: +86 18221755073The depreciation charge for a period reflects the proportion of total expected use or output consumed during that period. A depreciation or amortisation method based on revenue generated by an activity involving the use of an asset is permitted, under limited circumstances, exclusively for intangible assets, as outlined in …
WhatsApp: +86 18221755073This paper reviews recent research on energy use and conservation in cotton gins and of-fers suggestions on ways for gin managers to reduce energy use based on this …
WhatsApp: +86 18221755073Depreciation. Conceptually, depreciation is the reduction in the value of an asset over time due to elements such as wear and tear. For instance, a widget-making machine is said to "depreciate" when it produces fewer widgets one year compared to the year before it, or a car is said to "depreciate" in value after a fender bender or the discovery of a faulty …
WhatsApp: +86 18221755073Learn how to calculate depreciation using four methods: straight-line, declining balance, sum-of-the-years' digits, and units of production. See examples, …
WhatsApp: +86 18221755073Comparison of Saw Ginning and High-Speed Roller Ginning with Different Lint Cleaners of Mid-South Grown Cotton. Four cotton cultivars were ginned with a saw gin equipment line and also with a high-speed roller gin line. The saw gin line using an air-jet and controlled-batt saw-type lint clearer was compared to the high-speed roller-gin line ...
WhatsApp: +86 18221755073Learn how to record depreciation expense and accumulated depreciation for different types of fixed assets using journal entries. See how depreciation affects the …
WhatsApp: +86 18221755073The journal entry for depreciation refers to a debit entry to the depreciation expense account in the income statement and a credit journal entry to the accumulated depreciation account in the balance sheet. In each accounting period, a predetermined portion of the capitalized cost of existing fixed assets, such as equipment, building, …
WhatsApp: +86 18221755073Learn how to depreciate property using the Section 179 deduction, the special depreciation allowance, and the modified accelerated cost recovery system (MACRS). Find out what …
WhatsApp: +86 18221755073Shelves and bins in a factory; Data processing machines, computers and printers ; Mains, switch gears and service lines ... Plant and Machinery Depreciation Rate as per the Companies Act, 2013. Depreciation calculation as per the Companies Act, 2013 has been applicable since the financial year 2014-15. Companies need to calculate …
WhatsApp: +86 18221755073Depreciation is a large component of the cost of ginning cotton. The useful life of new gin machinery should be at least 20 years. The useful life of a used gin may be no more …
WhatsApp: +86 18221755073IAS 16, Property, plant and equipment, requires entities to review the residual value, useful life, and depreciation method applied to an asset, at a minimum at each balance sheet …
WhatsApp: +86 18221755073Bothra Ginning Factory Llp is a Limited Liability Partnership firm incorporated on 30 November 2010. It is registered at Registrar of Companies, Mumbai. Its total obligation of contribution is Rs. 9,500,000. Designated Partners of Bothra Ginning Factory Llp are Laxmichand Rupchand Bothra and Sunil Laxmichand Bothra.
WhatsApp: +86 18221755073Determine the depreciation rate per unit: Depreciation Rate per Unit = $100,000−$10,000500,000 units = $0.18 per unit; Calculate the annual depreciation expense: Depreciation Expense = $0.18 per unit × 50,000 units = $9,000; So if the machinery produced 50,000 units in a given year, you would record a depreciation …
WhatsApp: +86 18221755073A good deal of moisture can be removed from seed cotton during ginning by applying warm air from dryers. However, cotton that is excessively wet, particularly if the seeds are wet and have become soft, can be very difficult to gin, thus drastically slowing ginning and increasing the per-bale ginning cost.
WhatsApp: +86 18221755073We started our ginning factory named, "BALU GINNING INDUSTRIES" by keeping in mind that India is the second largest producer of Cotton internationally. There is a huge demand for cotton globally, in order to fullfill this demand the industry was started in Coimbatore District, nearby Tiruppur District in the state of Tamilnadu, India which has plenty of …
WhatsApp: +86 18221755073In 'CIT and Another vs. Manjunath Cotton & Ginning Factory', [2013] 359 ITR 565 (Karn.), it has been held by the Hon'ble High Court that notice under section 274 read with section 271(1)(c) of the Act should specifically state the grounds mentioned in section 271(1)(c) of the Act, i.e., whether it is for concealment of income or for ...
WhatsApp: +86 18221755073Cotton ginning plays a vital role in the textile industry. It is the initial stage in converting raw cotton into a form that can be spun and woven into textiles. The ginning process prepares the cotton for further processing and ensures that the fibers are clean, free from impurities, and ready for spinning.
WhatsApp: +86 18221755073The depreciation calculator uses three different methods to estimate how fast the value of an asset decreases over time. You can use it to compare three models — the straight line depreciation, the declining balance depreciation, and the sum of years digits depreciation — to decide which one suits you best. Read on to find answers to …
WhatsApp: +86 18221755073Cotton Ginning Harvested cotton is called seed cotton because the fibers are still attached to the seed. The principal function of a cotton gin is to convert farmers' harvests into salable commodities—fiber and seed—by …
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