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Articleship
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answered on 26-Apr-22 21:19
My articleship is going to complete in 2nd May, 2022 and 3rd May, 2022 is ramzan(Holiday). And I have excess leaves I think I need to fill form 107. So within how many days should I need to fill form 108 as I have to fill again form 107.
latest answer
OK sir
umentala sahithi
CA Final
★ 2K+
2
480
Basics mathematical tricks
Maths & Stats
answered on 26-Apr-22 09:01
For example ð??? For 2 rupees the shopkeeper gives 3 Roses.if we take 50 roses means what is the price ????
latest answer
Your welcome
MPR Sanjay Kumar
CA Inter
★ 530
3
479
Income from House Property
Direct Taxation
answered on 25-Apr-22 09:34
In case of Self occupied property acquired on 1.09.2021, the interest payable was Rs.210000 and it restricted to Rs.200000 only. In the next year( PY 22-23) Interest payable was Rs.190000. Is it possible to claim Rs.10000 that's disallowed in PY 21-22 ?
latest answer
No
Prethivi Rajan
CA Final
★ 9K+
1
495
Preparation of final account of sole proprietor
Accountancy
answered on 25-Apr-22 07:23
On 7.11 and 7.12 there are two illustrations 1st in first illustration it shows that if closing inventory shown in trial balance that it means that it is adjusted while, in second illustration closing inventory shown in question (so it means that in purchases it is adjusted ) but they had shown it in trading a/c
latest answer
Yeah ! I had not noticed it
Nai Jay
CA Inter
★ 7K+
2
496
Doubt
Direct Taxation
answered on 25-Apr-22 11:12
Mr. Kashyap has acquired a building from his friend on 10.10.2021 for ` 15,00,000. The stamp duty value of the building on the date of purchase is ` 16,20,000. Income chargeable to tax in the hands of Mr. Kashyap is
latest answer
Tq mam
Lakki Kamu
CA Final
★ 4K+
6
2K+
Concept of money supply
Economics
answered on 25-Apr-22 12:00
Wonâ??t the excess reserves of commercial banks result in a smaller money multiplier since reserve ratio and excess reserve and currency ratio have negative relationship with money multiplier and hence money supply.
latest answer
Thank you sir !
Renu Sharma
CA Final
★ 155
6
530
Section 94
Direct Taxation
answered on 25-Apr-22 09:37
Whether section 94 is applicable for inter exam?
latest answer
No
Nivedha Balaji
CA Final
★ 9K+
1
471
Doubt in national income
Economics
answered on 28-Apr-22 10:36
How are the following transactions treated in NI calculation Electricity sold to steel plant Car manufacturer procuring parts from market Computer producer buys robot produced in same country and uses it for prodn of computers??
latest answer
Check Question 2b from RTP May 2020 for more details. 1)Electricity sold to a steel plant will not be included in national income calculation. The underlying principle is that only finished goods and services which are directly sold to the consumer for final consumption would be included. 2)Components procured from the market by a car manufacturer will not be included in national income calculation because these are intermediate goods used in car production. 3)Robot bought by a computer producer for use in the production of computers would be included in national income calculation because the computer producer is the "final consumer" of the robot and the robot is not resold in the market after value addition
Purvi Agarwal
CA Inter
★ 5
1
573
Interest on Securities
Direct Taxation
answered on 25-Apr-22 09:42
Whether Interest on securities, held by assessee as Stock in trade also taxable under IFOS only?
latest answer
Sec 56(2)(id) includes the following income under IFOS - income by way of interest on securities, if the income is not chargeable to income-tax under the head "Profits and gains of business or profession"; Sec 28(i) says "the profits and gains of any business or profession which was carried on by the assessee at any time during the previous year" are taxable under PGBP ; So interest on securities held as stock in trade are part of business, hence the gain on them is taxable under PGBP
Nivedha Balaji
CA Final
★ 9K+
1
580
Section 57 - Deduction from IFOS
Direct Taxation
answered on 24-Apr-22 23:10
Whether for a Dividend income both the collection charges and Interest expense(Maximum of 20% of such income) can be claimed as deduction or only the interest expense can be claimed?
latest answer
Interest exp incurred to earn such income
Nivedha Balaji
CA Final
★ 9K+
1
563