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Cost of improvement
Direct Taxation
answered on 16-Apr-22 08:30
Where the assessee got the property from the father and the father has incurred the cost of improvement before 1/4/2001, and now the assessee takes the cost of acquisition as the cost to the previous owner(as he got such option), now whether the cost of improvement incurred by the father is allowed as a deduction or not
latest answer
Cost of improvement incurred before 1-4-2001 Is not allowed
mani charan
CA Final
★ 3K+
1
414
Advance accounts
Accountancy
answered on 16-Apr-22 17:31
In IRS.. even if not mentioned, which are the balances that should be written off..
latest answer
Can you please post it as a separate query?
Priyanka Agrawal
CA Inter
★ 3K+
5
465
Taxability of PF
Direct Taxation
answered on 16-Apr-22 07:55
In amendment it is stated, if contribution exceeds 2.5 lakhs then interest on cont exceeding 2.5laks is taxed.BUT my doubt is if it is not exceeding 2.5lakhs then old method i.e excess of 9.5 percent is taxable applies ???
latest answer
Thank u sir
Kiran Vijay
CA Final
★ 4K+
2
425
Dividend decision
Financial Management
answered on 01-May-22 19:05
Gordon growth formulae sums Which is crt? Both are same formula, then why ans is differs from one another??
latest answer
Hai, how is ur preparation
Sathiya Bama
CA Final
★ 24K+
11
548
Ammendments?
Auditing
answered on 16-Apr-22 09:44
I'm a dec 21 attempt student appearing for may 22.. Are there any ammendments for both Dec 21 and May 22 apart from CARO 2020??
latest answer
Thank you sir
Nikhil Vasanth
CA Final
★ 4K+
6
560
Demand for money
Economics
answered on 18-Apr-22 10:25
What is the relationship between Inflation and demand for money ? My doubts are; As price level increases, the demand for money increases. Wkt, as price level increase hence the inflation also increase then it should be direct relationship? Or As inflation increase, money value decrease and opportunity cost of holding money increases hence demand for money decrease ?
latest answer
Thankyou sir !
Madhaan S
CA Final
★ 14K+
4
458
Depreciation on hire purchase asset
Accountancy
answered on 16-Apr-22 13:42
Pls explain the MCQ attached. What is meant by claim of depreciation? Under repossession there will be a mutually agreed rate at which asset is depreciated. Why the answer is not option c ?
latest answer
The answer is hire purchaser
Sibi Srinivasan
CA Final
★ 22K+
5
617
AS 13
Accountancy
answered on 15-Apr-22 11:47
In AS 13 scope, it is mentioned that this standard is not applicable for Mutual funds. But , In dec exam, there is a question pertaining to mutual funds investment. In suggested answers, they have treated it as investment and proceeded. whether should i consider it as investment or not ? anyone
latest answer
It is not applicable for Mutual Fund accounting i.e when a mutual fund prepares its accounts. But when an entity purchases mutual funds units then itâ??s applicable
vs navin
CA Final
★ 1K+
1
588
YouTube live
Indirect Taxation
answered on 16-Apr-22 06:20
sir, when will be the GST live marathon YouTube class part-2 for May 2022
latest answer
ya sir i watched the lecture thank you sir for doing this priceless service
Sowmiya A
CA Inter
★ 19K+
4
551
Doubt
Accountancy
answered on 15-Apr-22 17:41
In this question they had taken depreciation in trading a/c instead of profit and loss account. They have given the valid reason for it in suggested answer But if I charge depreciation on profit and loss account I got different answer Will they provide Mark's If depreciation is charged on p&l .. becoz it is odd to charge dep on p&l ..
latest answer
Thank u
Sri kanaga Varshini
CA Final
★ 3K+
3
433