Forums
TDS
Direct Taxation
answered on 16-May-22 12:03
commission /brokerage to underwriter and any security related commission /brokerage is not in ambit of TDS am I right sir , if wrong please correct me sir
latest answer
There are few exceptions of these sorts of commissions or brokerage on which no tax deduction at the source is done under this section. They are: Commission paid to insurance or loan underwriters Any brokerage paid for public issue of securities Any sort of brokerage paid on the transactions of securities that are listed in the stock exchange Payment done by RBI to banking companies Payment as income tax refund Payments towards Financial Corporations under central finance bill Any payments towards LIC policies or other investments in any co-operative societies Payment of direct taxes Income from interest from savings bank account, recurring deposits, Indra Vikas Patra, NSC or Kisan Vikas Patra Interest from NRE account Any payment in respect of commission or brokerage payable by Bharat Sanchar Nigam Limited or Mahanagar Telephone Nigam Limited to their public call office franchisees Any income from a public or private institution which is notified as NIL TDs organization. Any income from interest for the compensation in respect to Motor Vehicles Claims Tribunal
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
1
501
Instruments of Trade Policy
Economics
answered on 18-May-22 10:26
What are the differences between Anti dumping duties and Countervailing Duties ?
latest answer
Thank You
Rakshith C R
CA Final
★ 35K+
2
473
DEC 21 SUGGESTED ANSWERS DOUBT
Economics
answered on 18-May-22 17:31
In this question, cash on hand with banks (Rs 95000) is already included in currency in circulation (Notes in circulation+coins in circulation) Why is it added again to notes in circulation while finding reserve money? because currency in circulation already includes notes with bank, right? Frenil D'Souza sir, please reply.
latest answer
You are welcome. and nothing would make us more happier than seeing you all clear. All the best and study well !!
Ali S
CA Final
★ 8K+
11
593
Leverages
Financial Management
answered on 16-May-22 21:50
How can the operating leverage can be expressed in terms of margin of satey and why?
latest answer
Thank you Sir , My concept is improving through these forums. Thank you Sriram Sir Thanks to Indigo learn.
Eswar K
CA Final
★ 125
12
514
THE COMPANIES ACT, 2013
Corporate & Other Laws
answered on 16-May-22 15:59
Holding and subsidiary companies :- As we know , a company holding more than one half of the total paid up Capital of another company or has control over composition of board of directors of other company ; is called as Holding company and corresponding company is called as subsidiary company. So , it can be interpreted that - subsidiary company's acts can be influenced or intervened by a holding company . Hence , it would be an exception to Corporate Veil theory and corporate veil can be lifted or pierced by Tribunal. To sum up , can it be stated that , holding company controlling subsidiary as a agent can be invalid as such a company is formed as a agent and contravenes corporate veil theory ? Is it valid to say that - Holding company can be regarded as exception to the exceptions of corporate veil theory?? Plz suggest and Analyse .
latest answer
Welcome bro :)
Varun Mulay
CA Final
★ 38K+
5
514
Doubt
Indirect Taxation
answered on 16-May-22 10:42
Do we need to remember the entry numbers in the chapter Exemptions from GST?
latest answer
No need bro
Kavin Kumar
CA Inter
★ 2K+
3
523
Marginal costing
Costing
answered on 17-May-22 23:51
Why in this sum Fixed selling cost are calculated on quarter basis intsead of unit basis?
latest answer
There are two types of Cost- Product costs and Period Costs. Product costs are those which get added to the cost of production. If the products are not sold they continue to sit in books of accounts as inventory. They eventually get debited upon their sale. All your production and manufacturing overheads fall in this category. For this reason we absorb fixed Production oh to cost of production Period costs are those which are not added to the cost of production. These are debited to the period in which they are incurred. These are not capable of being carried forward from one period to another. Fixed Period costs are not absorbed to cost of production. Entire fixed cost is debited to p&l as cost of sales. Therefore no need for absorption on a per unit basis. Example is selling and distribution cost. Hope this clears your doubt
Balaji R
CA Final
★ 20K+
11
470
Government grants AS12
Accountancy
answered on 16-May-22 12:08
Can you please anyone explain me give solution
latest answer
Sure sir ð??? thank you so much
MPR Sanjay Kumar
CA Inter
★ 530
4
424
Liquidation of Companies, Illustration 7
Accountancy
answered on 16-May-22 11:12
Why the 1) Preliminary Expenses 2) Preference Dividend were not taken in Liquidators Final statement?
latest answer
Please share the question.
Rahul Chandramouli
CA Final
★ 600
2
383
Liquidation of Companies, Illustration 9
Accountancy
answered on 16-May-22 08:15
Why â??Debenture Issue Expense not written offâ?? is not taken in Liquidator Final Statement A/C?
latest answer
Profit and Loss (Dr) Balance, Deferred Revenue Expenditure
Rahul Chandramouli
CA Final
★ 600
3
422