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Pgbp
Direct Taxation
answered on 09-Feb-23 10:05
Here , actually cost should be cost minus depreciation from the date of acquisition right . Y not taken here ?
latest answer
As per Section 43(1) Explanation 5 states about personal property building used for the purpose of the business or profession after 28/246, the actual cost shall be the cost to the assessee minus depreciation calculated at the rate in force since the date of its acquisition. This explanation doesnt mention about other assets.
Reetikaa R
CA Final
★ 7K+
4
428
residential status
Direct Taxation
answered on 09-Feb-23 08:28
Share warne, an Australian cricket player, has been coming to India since 1991-92 every year to play cricket and has been staying here for about 4 months. What will be his residential status for the assessment year 2019-20. after satisfying basic conditions, I have a doubt how the secondary conditions are satisfied and how can we justify he is a resident and ordinarily resident.
latest answer
Yes I got it.
Pooja Kauzu
CA Inter
★ 16K+
3
686
Banking companies
Accountancy
answered on 12-Feb-23 15:31
Can we write Bill discounting entry for this?
latest answer
Question is only on rebate part and amount to be transferred to P&L
Vasu Naidu
CA Inter
★ 0
3
515
As 19
Accountancy
answered on 12-Feb-23 15:42
Unearned finance income is difference between gross investment and net investment right?. Then why here they do like this?.. Can anyone explain
latest answer
Here they have computed PV of MLP to determine whether it is a finance lease or operating lease.
Someswar Reddy
CMA Inter
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5
692
Functions
Maths & Stats
answered on 08-Feb-23 18:31
How do you calculate inverse of a function like in q no. 16?
latest answer
Kindly refer to the attached pic.
Vedant Vijay
CA Foundation
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2
519
MCQ
Others
answered on 09-Feb-23 12:38
Sir for theory subjects in ca inter . ICAI process MCQ booklets right MCQ available in 1FIN app are also those only or other MCQ? Should I practice MCQ in those books as well as in this app
latest answer
you can try MCQ in Fin app. That only gives you a idea of MCQ. You have to go through ISM meticulously with conceptual clarity to crack the MCQ in ICAI examinations.
Harshitha Kalidindi
CA Final
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5
500
Correct entry
Accountancy
answered on 09-Feb-23 00:00
Please show the working
latest answer
You can take a suspense account instead of cash
ABU NASAR
CA Foundation
★ 7K+
8
402
Deposits
Corporate & Other Laws
answered on 09-Feb-23 13:12
If a director or relative of a director file a declaration that the amount is not given out of funds borrowed or accepting loans . Then it is treated as deposit or not?
latest answer
Loan received from directors (including relatives in case of private co.) where declaration in writing is filed stating that such amount is not given out of funds acquired from others SHALL NOT BE CONSIDERED DEPOSITS (as per rules)
Siva Balan
CA Final
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2
448
Sec 9(5)
Indirect Taxation
answered on 08-Feb-23 15:39
Who is representative for this purpose? Can anyone be representative?
latest answer
Authorised Representative under the GST Act. Any person is entitled or required to appear before an Officer appointed under this Act or the AA or the Tribunal in connection with any proceedings under the Act, he may appear by an authorised representative (except when he is required under the Act to appear personally for examination on oath or affirmation). For this purpose, â??authorised representativeâ?? includes a relative, a regular employee, an advocate, a chartered accountant, a cost accountant, a company secretary, or any person with prescribed qualifications
Sugam SM
CA Final
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1
407
Exam
Exams
answered on 09-Feb-23 15:04
The existing study material is applicable only upto May 2023 but I'm going to give exam on May 2024 so should I order books now?
latest answer
Start preparing for subjects which does not change over time like Accounting Standards.
Priya Ravi
CA Inter
★ 55K+
3
501