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Sec 80EE and Sec 80EEA
Direct Taxation
answered on 23-Apr-22 10:50
Whether deduction is allowed on loan taken for construction of House property also or only for Purchase?
latest answer
Only on acquisition (Purchase)
Nivedha Balaji
CA Final
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2
484
AS 3
Accountancy
answered on 24-Apr-22 10:51
Practical qn5 (iv) (v) and illustration 3 answers are confusing
latest answer
Cash flow from investments is shown on a gross basis. Tax paid (including TDS) is shown as outflow
Aabith Sha
CA Inter
★ 8K+
3
481
AS 3
Accountancy
answered on 22-Apr-22 20:40
AS 3 confusing one
latest answer
Interest earned will be shown on gross basis. Tds will be shown as taxes paid.
Aabith Sha
CA Inter
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1
443
Wriiten reprenstations
Auditing
answered on 23-Apr-22 21:03
Although written representations provide necessary audit evidence, they do not provide sufficient appropriate audit evidence on their own about any of the matters with which they deal. Furthermore, the fact that management has provided reliable written representations does not affect the nature or extent of other audit evidence that the auditor obtains about the fulfillment of managementâ??s responsibilities, or about specific assertions. I need the explaination of sentence from furthermore pls explain briefly if possible through example
latest answer
thanks mam
Surya Prakash
CA Final
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2
449
Availability of Credit incase of RCM
Indirect Taxation
answered on 22-Apr-22 20:14
Answer to Question no 28.4? Input tax credit is from October to December available is 9500(on supply received from Mehul(RCM) and supply from TikTak. This ITC on RCM amounting to Rs 500 cannot be setoff against output tax liability and should be paid in cash. Need confirmation if the answer is printed wrong.
latest answer
Any tax payable under RCM is paid using cash ledger and then it can also be claimed as credit.
THE GAMESMASHER 8242
CA Final
★ 340
1
549
Value of supply
Indirect Taxation
answered on 25-Apr-22 14:16
Why subsidy is deducted 50000.it is received from non govt
latest answer
Subsidy from Sri Ram Trust is to be included if linked to price directly.
Shijo Kennedy
CMA Final
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5
469
Investments from group-01
Accountancy
answered on 22-Apr-22 19:50
In that they both from dividend income on credit side but they recorded on different column one in dividends and other one in amount column.can anyone help me to get out of this doubt ??ð?¤?
latest answer
If dividend is pre acquisition then it is adjusted against cost of investment. If dividend is post acquisition, it is treated as income.
Hemanth Vadagam
CA Inter
★ 0
2
438
Sec 66 reduction of share capital.
Corporate & Other Laws
answered on 23-Apr-22 11:15
Who are contributories..? & explain the clause b of sub section 8 .
latest answer
Sec 2(26) defines- â??contributoryâ?? means a person liable to contribute towards the assets of the company in the event of its being wound up. So in case of Company limited by shares, then members who haven't paid up ; company limited by guarantee then those members to the extent of guarantee See the sec 66(8)(a) states "every person, who was a member of the company on the date of the registration of the order for reduction by the Registrar.....
Divya K
CA Inter
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1
377
Sec 66 reduction of share capital.
Corporate & Other Laws
answered on 23-Apr-22 12:53
Pls explain the points in... subclause (i&ii) of... 66(1) clause( b)
latest answer
Paid up capital can be cancelled when (i) losses - no assets (ii) doesnt want the money of shareholders - so pay to members
Divya K
CA Inter
★ 885
1
418
Doubt in inventory management
Financial Management
answered on 22-Apr-22 22:21
Sir should inventory turnover always compulsorily be calculated on COGS only even when we're given sales directly can't we calculate it on that ?
latest answer
Ok thanku
Purvi Agarwal
CA Inter
★ 5
8
423