Doubt

answered on 19-Sep-20 14:36

What is anticipation of profit in given problem

latest answer

Drawings are of two types I) Drawings out of profits II) Drawings out of capital Drawings out of profits do not effect capital invested. Because profit is the surplus earned by investing capital in the business.

sai t

CA Foundation

★ 2K+

4

390

Income tax assessment for the year 2019 20 include in cost sheet?

answered on 17-Sep-20 16:02

It is included in exploring nov2020

latest answer

Your query is not clear.

Preetham Pai

CA Inter

★ 400

1

365

Income from house property-Problem4

answered on 17-Sep-20 17:50

It is given deduction claimed was rs 7000. Then why he should pay tax on 70 percent of 8000

latest answer

Deduction claimed earlier does not matter. What matters is what is the amount collected now.

sk achyuth

CA Inter

★ 16K+

5

380

Retirement of Partner

answered on 19-Sep-20 08:49

Sir this is the journal entry of Page 8.91 Illustration 3 I want to know how is the fixtures account is being calculated

latest answer

Create a revaluation account. And solve the problem. Book value - 8,200 Agreed value - 10.980 Increase by 2,780 Dr Fixture 2780 Cr Revaluation Account.

Sampath B

CA Final

★ 21K+

5

434

Deduction under Section 16(iii)

answered on 17-Sep-20 17:49

When a assessee has 2 salaries, pension from employer-1 and salary from employer-2, will the assessee get deduction u/s 16(iii) for professional tax deducted by employer-2?

latest answer

Overall limit 2,500

sundesh kumar

CA Inter

★ 7K+

3

423

Composition

answered on 17-Sep-20 13:32

Sir,As per Second proviso to Section 10 If the person who like to opt for composition scheme,is not doing any specified services like Restaurant services or trading and manufacturing,Can he opt for composition only by doing othr services whatever,Let say interior designer like you told?

latest answer

Sorry,I got the clarification after watching enire lecture by sir, Thankyou sir

No More exist

CA Inter

★ 24K+

1

449

Cag

answered on 19-Sep-20 10:36

Do C & AG have power to inspect Non gov companies under CA 2013?

latest answer

No

Rakesh Prabhu

CA Final

★ 2K+

2

415

Ca foundation

answered on 17-Sep-20 11:49

Partnership account Admission of partnership Illustration 2 is solved 3 times's why?

latest answer

Illustration 2 as per ICAI or our modules? Can you share screenshot where it is solved 3 times? There could be slight variations or different way of approaching the same problem.

Vaibhav Salgare

CA Inter

★ 8K+

1

364

Individual moules

answered on 19-Sep-20 14:09

Sir pls add partnership chapter video for accountancy old syllabus in individual modules sir.

latest answer

It is available in foundation - please buy from there - the syllabus is shifted to foundation in new syllabus

kamali j

CA Inter

★ 280

5

381

How to read

answered on 17-Sep-20 11:50

Just a small doubt am a going to appear in may 21 exam whether seeing lecture and during lecture taking notes will help us or seeing lectures and reading with notes and resources u have given in app will be useful just confused help me out pls for better preparation

latest answer

Follow videos + notes + past exam questions + RTP/MTP

shree hari

CA Inter

★ 0

1

366