Forums
Deduction Under Sec 80C
Direct Taxation
answered on 29-Jan-23 13:04
Is amount paid for Lab fees and other fees for education of son, to an University in India allowed as deduction u/s 80C ?
latest answer
And also maximum limit of 150000
Sathiyanarayanan P
CA Final
★ 7K+
4
455
Implied contract of indemnity
Corporate & Other Laws
answered on 28-Jan-23 09:39
Could you give an example for Implied contract of indemnity?
latest answer
***A small change bank is a crs ! And not a surety
Punitha Krishnaraj
CA Final
★ 5K+
4
491
House property
Direct Taxation
answered on 28-Jan-23 13:51
Municipal tax paid of 18000 each for the year 2020-21 and 2021-22(Current previous year). Can municipal tax of year 2020-21 will be allowed as deduction in 2020-21.
latest answer
Municipal taxes are allowed as deduction in the year in which they are paid. So, deduction is allowed on payment basis and not on accrual basis.
Hiren Ghadiya
CA Inter
★ 1K+
6
458
formula of Beta of portfolio and return of portfolio
AFM
answered on 28-Jan-23 12:29
in the formula for computing portfolio beta and portfolio return, the weight used is the weight of number of shares of that security in total investment or market value of shares in total investment amount? ie simply (number of securities in Y)/ total number of securities in portfolio or (amt of investment in y ltd)/total amt of investment in portfolio
latest answer
Always market value - count of securities is not the weight
nazriya nasar
CA Final
★ 7K+
1
607
Employee cost | Premium bonus method | Rowan scheme
Costing
answered on 27-Jan-23 19:47
Hello, It's said that the Rowan scheme considers the efficiency of worker as a parameter while ascertaining bonus. But the part of formula which calculates the ratio of amount saved to be paid to worker (Time taken/time allowed) seems contradictory. For example, when time allowed for a work is 10 hours and he completes the work in 5 hours he is paid 50% of amount saved but when he completes the work in 9 hours(comparatively ineffective) he is paid 90% of amount saved. @moderators kindly clarify. Thanks
latest answer
With all respect, in our course videos Bonus is given as equals to "time saved/time allowed x time SAVED x time rate". Thanks for the clear clarification mam, here this method incentivizes time savings and also decentivizes rushing. Also thanks to you brother.
Aswin Chandar
CA Final
★ 40K+
4
2K+
Ind AS 21
Financial Reporting
answered on 01-Feb-23 17:08
Hello sir, Is investment in subsidiaries a monetary or non monetary item?
latest answer
You will understand more on this in IndAS 109 - Financial Assets. INvestments in shares are fair valued at end of each year with gain /loss recognised in P&L or Other comprehensive income.
Suresh Avinash
CA Final
★ 3K+
5
508
Cyber Security Risk Consideration
Information Systems
answered on 28-Jan-23 21:27
What is meant by the line, "If the application at the company's retailers which contains financial information has weak passwords at all OSI layers resulting in harming the integrity of data"
latest answer
Ok Thanks Sir
Sarthak Aggarwal
CA Final
★ 9K+
2
432
Marks sheet and pass certificate
Exams
answered on 26-Jan-23 19:07
Did anyone started receiving physical marksheet and pass certificate to your address ???
latest answer
But last time i got my group 1 markssheet within 3 weeks ...
Kiran Vijay
CA Final
★ 4K+
2
494
Certified copies through rti
Maths & Stats
answered on 27-Jan-23 11:30
Will applying certified copies through rti leads to any discrepancies in marks?
latest answer
Yes you apply for your reference and also you will come to know where and all they deducted the marks.. so better to apply!!
HNR EAGLES
CMA Foundation
★ 0
5
498
Closing value of investment
Accountancy
answered on 14-Feb-23 12:28
If a company purchase a share of x ltd at rs 100 and during the year another share is purchased at rs 90 , no sale is occur ,FIFO method is used by company, market value at the end is 94 rs What will be the carrying value of investment
latest answer
Ok understood
Atharv Sankliya
CA Final
★ 3K+
7
371