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Buyback of shares
Accountancy
answered on 27-Mar-23 13:43
Face valve of shares bought back= 12,50,000 Face value of debentures issued for buyback of shares =3,00,000 Premium on the above said debentures =60,000 Face value of preference shares issued for buyback =2,50,000 Then what will be the amount to be transferred to capital redemption reserve ?
latest answer
https://youtu.be/xU1YYNfVoBQ
Gowshika LT
CA Final
★ 40K+
3
524
Employee cost.
Costing
answered on 26-Mar-23 17:15
Sir pls explain what comment need to be written here...
latest answer
You need to compare the cost and provide a conclusion as to what would be better.
Suryaa Ss
CA Inter
★ 0
1
439
Amendments in Standards on Auditing
Auditing
answered on 26-Mar-23 10:43
I have notes of Standards on Auditing of May 2020. Can i use the same now for May 2023? Or are there any amends Standards after that? Please help. I'm CA Inter preparing for may 2023.
latest answer
You can download updated notes from free resources section of our app
Rahul Chandramouli
CA Final
★ 600
1
458
Set off and carry forward
Direct Taxation
answered on 26-Mar-23 14:53
How to calculate life insurance premium deduction in this set off topic under 80 c Is there any specific rate available for deduction
latest answer
Set off and carry forward is applicable to only incomes not to the deductions. If your total income after set off is 1,00,000 and you have eligible 80C deductions of 1,50,000 then total deduction can be 1,00,000 because deductions cannot exceed the total income.
Sruthi sruthi
CA Inter
★ 640
1
438
Amalgamation of companies
Accountancy
answered on 26-Mar-23 22:19
Hi, can anyone help me to solve my doubt? Note [ see last pic] point (b) -> best ltd will take over the business of better ltd.., consideration -> allotment of shares in best ltd Is the above points relate to amalgamation in the nature of merger, if yes then, reserves and surplus of transferor company should be added with transferee Co ,right? Also in the books of transferee co, the difference between purchase consideration and payment made to shareholders should be adjusted in the reserves of transferee Co. Then, why this problem has been solved like below .
latest answer
Hearty thanks for your reply sir
Pravin Nesaraj
CA Inter
★ 32K+
14
726
AS 10 PPE
Accountancy
answered on 26-Mar-23 17:28
Please provide solutions for following question.
latest answer
The cost is seggregated into two parts. Equipment & Overhaul (15 crores & 5 Crores) A new ship does not need overhaul so notionally 5 crores of the cost is attributed to that overhaul. Equipment - 20 years useful life Overhaul - 5 years useful life.
Hiren Ghadiya
CA Inter
★ 1K+
3
539
Individual chapter purchase
Others
answered on 26-Mar-23 17:30
For how long will the individual chapter purchased be available? Is it for 1 month?
latest answer
The validity of classes is a month. The purchase window was available yesterday.
Angel Maria Varghese
CA Final
★ 9K+
2
387
Annuity Table book in Exam
Financial Management
answered on 25-Mar-23 15:15
Is it acceptable to bring the Annuity Table Book to an exam?
latest answer
Mostly yes. I asked in my case.
Yogesh S
CA Final
★ 125
3
580
Contract costing
Costing
answered on 27-Mar-23 11:09
In order to find out depreciation will we add value of plant hired .....? Whether we find out dep on 240000 or (240000+77000)....
latest answer
Depreciation is only on own assets Hired assets, hire charges are accounted for
Christo Joy
CA Final
★ 8K+
1
490
Income from other source
Direct Taxation
answered on 29-Mar-23 08:59
If relative of the assesee gift immovable property, it is taxable ??
latest answer
No. "relative" means,— (i) in case of an individual— (A) spouse of the individual; (B) brother or sister of the individual; (C) brother or sister of the spouse of the individual; (D) brother or sister of either of the parents of the individual; (E) any lineal ascendant or descendant of the individual; (F) any lineal ascendant or descendant of the spouse of the individual; (G) spouse of the person referred to in items (B) to (F); and (ii) in case of a Hindu undivided family, any member thereof;
Sandeep Choudhary
CA Inter
★ 7K+
5
437