Forums
Insurance claims
Accountancy
answered on 06-Jan-23 14:23
Why we take Turnover of 12months immediately preceding before the fire accident in loss of profit policy for additional expenses
latest answer
We will take for calculation because the insurance company wants to know the turnover of our company before the fire accident. The indirect motive of every insurance company is to reduce the claim amount to be paid to the insured, so they will take the turnover of the last 12 months for measuring additional expenses. Hope you understood.
Rohan Panda
CA Inter
★ 0
1
561
Conginment
Accountancy
answered on 06-Jan-23 00:04
Can I set coat of 1000 over 85 units or 95 units by remember
latest answer
Pls elaborate ur query???
R K
ACCA Skill
★ 9K+
1
460
Video No #15 Illustration #4 GDR
AFM
answered on 06-Jan-23 12:02
Video No #15 Illustration #4 GDR I think we have to use next year dividend (i.e., D1) instead of D0 for calculation. Am I right? In this video, the current year dividend D0 is used for calculating the cost of GDR to Right Ltd.
latest answer
No. The question is clear Dividend expected to be paid which means net year divided which means D1
Peratchi Selvam
CA Final
★ 925
1
606
Asset Liability Managaemnt
AFM
answered on 05-Jan-23 18:33
Is concept of ALM similar to having emergency fund in personal finance,Like if we have future liability of children education or marriage we create FD of upto similar duration and only have few months expenses in hand in cash?
latest answer
Good example. Yes right
Himanshu Somani
CA Final
★ 97K+
1
654
Interest rate risk management - Gap Exposure
AFM
answered on 06-Jan-23 15:22
Is Positive and negative gap exposure related to NIM's calculated by bank: The difference between interest received on deposits and interest paid on borrowings.
latest answer
Got it, Thanks
Himanshu Somani
CA Final
★ 97K+
2
675
Itc
Indirect Taxation
answered on 10-Jan-23 17:03
Lawyer took service from MrA â?¹10000, gst â?¹1800 Lawyer provided service to business entity â?¹100000 + â?¹18000 gst Lawyer canâ??t claim itc on â?¹18000 Can lawyer claim itc on â?¹1800 ? Reason and section
latest answer
No he cannot claim since he is not paying output tax.
Sushmita Chowdhury
CA Inter
★ 0
7
598
Tax
Direct Taxation
answered on 05-Jan-23 23:15
Compute Tax of Ram Lal age 35 & not u/s 115BAC. Business Income : 1 lakh LTCG u/s 112A : 2 lakh Casual Income u/s 115BB : 2 lakh
latest answer
Tax @20% on 50000(after exhausting exemption limit of Rs.2.5L for Business income and LTCG @Rs.1.5L) Tax@30% on Rs.2L on casual income
Bhuvan Bhaskar
CMA Inter
★ 2K+
2
525
56(2)(x) and Cross Transfer in Clubbing
Direct Taxation
answered on 06-Jan-23 20:49
In case of cross transfer in clubbing and gift u/s 56(2)(x) contravene each other , then which provision would override ?
latest answer
Rs 50000 is not to be included as income as it is received from a relative but if recipient earns any income from that amount then such income will be included in the income and clubbing provision will apply on such income earned
Varun Mulay
CA Final
★ 39K+
3
2K+
Can company appoint more than one auditor?
Auditing
answered on 05-Jan-23 09:25
Can company appoint more than one auditor?
latest answer
Joint Auditors: more than one auditor appointed to conduct the audit of large entities. They conduct audit jointly & report on the financial Statements. Example: Reliance Industries Limited has three auditors namely Chaturvedi & Shah, Deloitte Haskins & Sells LLP, Rajendra & Co.
Atharv Sankliya
CA Final
★ 3K+
2
771
30 percentage mock test includes how many chapters
Others
answered on 05-Jan-23 06:00
How many chapters for 30 percentage mock test
latest answer
Refer to the syllabus inside the mock test
Madhu Reddy
CA Inter
★ 4K+
1
471