Forums
E-Invoice
Indirect Taxation
answered on 07-Mar-23 13:56
what is the e-invoice limit applicable now and which is applicable for exam also? whether e-invoice applicable to exempted or non-gst products?
latest answer
10 crores.
Kamal Kumar
CA Inter
★ 7K+
4
581
TDS u/s 194R and Total Income Qs
Direct Taxation
answered on 06-Mar-23 17:39
If value of Perquisite in salary exceeds RS 20,000p.a , TDS u/s deductible @ 10%. If question on total Income is silent , CAN WE ASSUME THAT TDS HAS BEEN DEDUCTED ON PERQUISITES AND LESS IT FROM ULTIMATE TAX LIABILITY ??
latest answer
If the question mentions net amount then you can assume. It could be possible that the prerequisite is received from multiple persons - it is possible that TDS was not deducted.
Varun Mulay
CA Final
★ 38K+
3
431
AS 5
Accountancy
answered on 06-Mar-23 16:41
How point no. 9 considered as Prior period item ?
latest answer
to add Correction of accounting errors: Errors in accounting, such as incorrect recognition of revenue or expenses, may be discovered during a subsequent period. These errors may have impacted the financial statements of one or more prior periods and will need to be adjusted in the current period's financial statements as a prior period item. i think the error is this type
Prethivi Rajan
CA Final
★ 9K+
3
476
PGBP & CAPITAL GAINS
Direct Taxation
answered on 07-Mar-23 15:35
"As per section 2(14), a capital asset includes intangible assets such as licenses and goodwill. However, profits or gains arising from the sale of an "import license" are treated as income under the head PGBP. This raises the question of why it is not considered a capital asset and whether the sale is not treated as a "transfer". Clarify
latest answer
Ok. it's clear now
anandhu ks
CA Inter
★ 2K+
6
637
Service costing
Costing
answered on 07-Mar-23 14:45
Sir after we found out loading which comprises of both profit and commission, then shouldn’t we add commission to operating charges? If not then why we have shown in operating charges instead of standing charges?
latest answer
Please listen to sir's explanation from 2:00 to 2:40
Sugam SM
CA Final
★ 9K+
1
427
Standard costing
Costing
answered on 07-Mar-23 11:33
In illu 4 why std loss 15% is not considered?
latest answer
Doubt cleared
Prasanna Ram
CA Inter
★ 0
1
525
Sec 39
Corporate & Other Laws
answered on 06-Mar-23 10:32
Allotment of secu made when application money is greater than five percent of nominal value And to obtain minimum subscription is there any criteria of ninety percent What is difference between application money and minimum subscription
latest answer
And the second condition is that the minimum subscription is 90%. You can make allotment only if this minimum percentage is achieved. If the company does not receive the minimum subscription of 90% of the net offer to public, within 60 days from the date of closure of the issue, the company shall forthwith refund the entire subscription amount received.
Addu Gill
CA Inter
★ 0
3
475
Cost of capital
Financial Management
answered on 06-Mar-23 10:23
In C, why have we compared retained earnings with equity weight ie 80%? and what about remaining 20% where does it come from?
latest answer
We arrive at the percentages as follows: For retained earnings, = 1,60,000 / 2,00,000 x 100 = 80 % For Deb & Pref. = (30,000+10,000) / 2,00,000 x 100 = 20 % So, now we know that retained earnings is 80%. This 14,750 is arrived at as follows: 80 % --> 11,800 100 % --> ? So, = 11,800 x 100 / 80 = 14,750 Kindly refer to the explanation video of this question by Aditya sir. You can easily understand it.
Vasu Naidu
CA Inter
★ 0
4
402
Additional depreciation
Direct Taxation
answered on 06-Mar-23 06:41
Can we claim additional depreciation every year or it is allowed only once in the life time.of assets?
latest answer
Once
Atharv Sankliya
CA Final
★ 3K+
1
379
Expenses incurred to sale PPE
Accountancy
answered on 07-Mar-23 21:42
Expenses incurred to sale PPE is recorded in p&l account or adjusted from asset account by crediting assets account?
latest answer
Asset disposal account.
Atharv Sankliya
CA Final
★ 3K+
5
589