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GST recent updates - 46 th GST council meeting
Indirect Taxation
answered on 19-Jul-22 15:40
If goods which attracts are used as raw material in business, GST also attracts for it's finished goods Right ? For example Jaggery is used in making sweets Now jaggery attracts 5%gst ..whether sweets also attract 5% GST?..
latest answer
Tq
Sajeetha R
CA Final
★ 46K+
6
552
Loss of Profit Topic
Accountancy
answered on 22-Jul-22 12:59
Sir, Generally when we are given an Upward Trend in Sales, we will apply it in Standard Turnover and make it Adjusted Standard Turnover,Also we will apply the trend in Annual Turnover and make it Adjusted Annual Turnover, But we don't apply it in Previous Years Turnover (Used to find GP Ratio in Loss of Profit Policy), But in Illustration 9 (Buildwell Ltd), The Trend is also taken in Previous yar Turnover, Why is that? Please Clarify.
latest answer
It says agreed adjustments.
Asim Saif
CA Inter
★ 6K+
5
452
80D
Direct Taxation
answered on 20-Jul-22 23:18
I spent 50000 on my wife pre pregnancy treatment in last financial year. can i claim as deduction(medical expenditure)
latest answer
Preventive health checkup deduction 5000, Health Expenses non senior citizen 25,000 u can claim (I doubt whether pre pregnacy treatment qualify for such expenses)
Mathews Johnson
ACCA Skill
★ 9K+
10
621
Course videos
Others
answered on 19-Jul-22 13:22
Now you introduce the video lectures in hindi+English Is this separate (I mean lectures in full English existing or not)
latest answer
Thanks sir
Naveen Kumar
CA Final
★ 400
2
484
Material cost
Costing
answered on 19-Jul-22 15:39
How to calculate re -order level of stock
latest answer
Daily maximum usage x Maximum lead time in days
Shankari C
CA Inter
★ 12K+
4
515
Dt
Direct Taxation
answered on 19-Jul-22 15:56
When we have deduction u/s 80ccd(2), how it is treated. Whether we first need to add with total income and then show it as deduction. If yes it would nit be having any benefit know.
latest answer
First have to add in total income and then have a deduction. It means, indirectly, the assessee will not have to pay tax on that particular amount
Sajan Gangadharan
CA Final
★ 9K+
1
449
Old vs new
Direct Taxation
answered on 21-Jul-22 14:39
Why deduction under section 80ccd(2) and 80jjaa is allowed under new tax schene of 115 BAC. Reasin behind it
latest answer
As per the policies of government. Mostly these sections deal with employee welfare. This may be one of the reasons
Sajan Gangadharan
CA Final
★ 9K+
1
442
Redemption of preference shares
Accountancy
answered on 18-Jul-22 22:22
In this practical question no 1 can we convert 4,000 preference shares of rupees 10 each into fully paid preference shares and redeem them? In module they have only redeemed preference shares of worth rupees 1,80,000(18,000 shares*rupees 10)
latest answer
Most welcome
Dharshini Sankar
CA Inter
★ 7K+
8
437
Branch accounts
Accountancy
answered on 22-Jul-22 21:47
How does goods marked on invoice price help achieve the objective of effective control on stock? Please elaborate
latest answer
Thankyou
Rinuja TK
CA Inter
★ 10K+
4
377
Number of hours per day
Others
answered on 19-Jul-22 12:46
I am a can inter student..I have 2 GB/day data plan..how many hours can I watch the classes per day in my laptop in low quality level (is 500k/s)?? Any one can share their strategy of preparation?? How many hours in a day can I watch the classes in this quality level and this data??
latest answer
Better to go with Jio Work from home packs If not, better to switch for Wifi (Act broadband or Jio Fiber)
abcd ef
CA Inter
★ 0
4
446