WebThe Pool will be treated as a grantor trust for federal income tax purposes, and the beneficial owners of Certificates will ... issue debentures in an amount not to exceed its Private Capital. SBICs licensed before October 1, 1996 ... income subject to the timing rules for original issue discount (“OID”), income under the contingent payment ... WebDiscount on issue of debentures is a capital loss and over a period of 3 to 5 years or is charged to “Securities Premium Account” as per the guidelines issued by ICAI. The …
Accounting Entries for Issue of Debentures Capital
WebDec 23, 2024 · Discount on issue of Debentures is in the nature of (A) Revenue loss (B) Capital loss (C) Deferred Revenue Expenditure (D) None of the above Answer 15. Premium received on issue of debentures may be utilised for (A) For writing off discount allowed on issue of shares (B) For writing off premium allowed on redemption of debentures WebThe Pool will be treated as a grantor trust for U.S. federal income tax purposes, and the beneficial owners of ... issue debentures in an amount not to exceed its Private Capital. SBICs licensed before October 1, 1996 ... accrued interest and accrued discount not previously included in income. Capital losses generally may be ghost town near sedona
U.S. Small Business Administration
WebDiscount on Debentures: The loss on issue of Debentures – Discount on Issue of Debentures or Premium Payable on Redemption – appears in the Balance Sheet. This … WebApr 29, 2024 · The loss on account of issue of debentures at premium is considered as an expenses for the borrowing and hence allowable u/s 37 of the Act. kindly refer the … WebWhen debentures have been issued at a discount, such discount can be written off out of the following : Medium. View solution > The discount on issue of debentures must be treated as____. Medium. View solution > What journal entry is passed to write off discount on issue of debentures? Medium. View solution > front table