Forums
Cost audit appointment
Corporate & Other Laws
answered on 04-Oct-23 21:36
Cost auditor appointment is finalalised at AGM ? By shareholder ? Hence why before approval of sh hrs, recommendation of BOD is send to CG ? Shouldn’t it b after sh hrs appproval ?
latest answer
No I was saying about the attachment with this qsn
Sushmita Chowdhury
CA Inter
★ 2K+
4
646
Capital gain
Direct Taxation
answered on 05-Oct-23 09:45
Why reconstruction of property is not included in cost of acquisition?
latest answer
The cost of acquisition is used to calculate the initial value of the property, which is important for determining capital gains or losses when the property is sold. Reconstruction or renovation usually occurs after the property has been acquired. If you choose to sell the property in the future, the reconstruction or renovation costs can be factored into the selling price, potentially allowing you to recoup some or all of those expenses.
Samridhi Sareen
CA Inter
★ 830
3
385
Partnership
Corporate & Other Laws
answered on 05-Oct-23 09:36
Maximum number of partners in a (regular) partnership firm is 20 and banking business is 10 right?
latest answer
Yes
Nidhi S
CA Inter
★ 4K+
1
441
Computation of total income
Direct Taxation
answered on 05-Oct-23 20:35
Salary37,400 p.m. plus 9000 p.m as grade pay from which 10 per cent is deducted for statutory providend fund to which the University contributes 12 per cent. Rent-free bungalow of the annual letting value of 18,000. Population of Amristsar is 12 lakhs. Wardenship allowance 2,000 p.m. 12% interest on Government Loan of 65,000 Income from house property (computed) 29,560. He received 3,500 for writing articles in a journal. He paid 2,000 (by cheques) to G.I.C under mediclaim. Interest on postal saving bank deposit 6,500. Interest (gross)2,500. Examinership remuneration €3,500 During the year, he sold shares of Reliance Industrial Ltd., and earned a long term capital gains €60,000. During the year he paid 24,000 as life insurance premium on his own policies and spent 600 on books purchased for his own use.Find out his gross total income,tax payable,total income
latest answer
Kindly compute and share your workings.
Sowmiga Chandrasekaran
CA Inter
★ 7K+
3
415
Mendelow's matrix
Strategic Management
answered on 04-Oct-23 10:00
Where a competitor should be placed in a mendelow's matrix?
latest answer
Competitor is not a stakeholder
Dharshini Sankar
CA Inter
★ 7K+
1
489
Explain in simple terms
Accountancy
answered on 04-Oct-23 11:09
1) What is meant by carrying amount? 2) Waht is the difference between cancellation and reduction of share capital ( give an example )
latest answer
Carrying amount means book value. Example asset valued after depreciation. Cancellation of share capital means already issued shares are cancelled In case of reduction, the corresponding amount would be debited with the amount of reduction
Nayani Agarwal
CA Inter
★ 1K+
1
415
Machine hr cal
Costing
answered on 04-Oct-23 12:56
How to calculate machine hr p.u
latest answer
Thank you for explaining ☺️
Kavi Dharshini
CA Inter
★ 11K+
10
389
Signing of Audit Report
Corporate & Other Laws
answered on 04-Oct-23 11:12
Is it not the engaging partner and any the CA ? Meaning of the hightlight line
latest answer
141 Engaging parter is the ONE auditor who conduct the audit on behalf of the firm Hence it’s mandatory he should b CA ? Pls correct me where I’m wrong ..pdf reference in this chapter would b more helpful
Sushmita Chowdhury
CA Inter
★ 2K+
2
447
MCQ
Indirect Taxation
answered on 03-Oct-23 19:26
Here, given ans is 45000 ....but i think it should be 48500....plz correct if I'm wrong
latest answer
45000 is only correct because tcs collected should not included in value of supply as it is not tax and just an interim levy and subsidy since not linked to price it is also not considered and ignored
Rifhat Khan
CA Inter
★ 28K+
1
537
GST levy
Indirect Taxation
answered on 03-Oct-23 14:58
What is correct answer of this? Is there any misprint in question options?
latest answer
C) IGST - 3600
Nakul Dixit
CA Final
★ 4K+
1
382