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Insurance claim illustration related
Accountancy
answered on 30-Apr-23 21:34
Chapter: Insurance claims on loss of stock In the attached illustration, the question gives 33.33% on cost as rate of gross profit but in the working note 1 given in next lage it is taken as 25% on sales. Could anyone please explain the logic or formula behind it?
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Thank you
Prasad Ramasamy
CA Final
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8
9K+
Esop
Accountancy
answered on 06-Apr-22 21:03
Sir what is graded vesting sir
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Ok sir thank you sir
Pandusml V
CA Final
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2
671
Conversion of endorsement in blank into full
Corporate & Other Laws
answered on 06-Apr-22 14:46
In example 26, it is mentioned that B endorses it in full to C or order, thus it becomes order instrument. Then how can C transfer it to D without endorsement?
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Generally, this is not possible. This example operates only in case a blank endorsement is converted to a full endorsement (section 55). This instrument is initially bearer instrument (blank endorsement from A to B) & later it's converted to an order instrument (full endorsement from B to C).
Nivedha Balaji
CA Final
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1
799
Returns
Indirect Taxation
answered on 05-Apr-22 12:43
Sir is QRMP scheme replaced quarterly filing gstr-1 whose TO exceeds 1.5 cr. In short my question is For now both scheme are available or only QRMP is available ?
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Both
Balaji R
CA Final
★ 20K+
4
520
Banking company
Accountancy
answered on 06-Apr-22 21:02
In this he first included in deposits and also in advances
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Oh ok sir
Pandusml V
CA Final
★ 4K+
4
466
House property letout part of the year and self occupied part of the year.
Direct Taxation
answered on 05-Apr-22 16:59
In this type , problems are made only in the aspect let out part only ,ignores the self occupied part- the interest portion. If it includes interest portion it will reduce the Ifhp. I will attach the problem for the reference.
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Welcome
Aswin Subramanian
CA Inter
★ 510
10
573
IFOS illustration
Direct Taxation
answered on 05-Apr-22 10:42
sir in illustration 5 of IFOS in first point >the point > Interest on listed debenture of A Ltd. RS.16,200 in the solution to the illustration a TDS of 7.5% is taken and gross interest taken in computation of IFOS is RS. 17,514, is the section 193 is the relevant section for this TDS ? TDS of 10% OR 7.5% is relevant for MAY 2022 ?
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For PY 2020-21, there is a reduction in rate of TDS under section 193 due to covid which was 7.5% For PY 2021-22 onwards, the rate of TDS is 10% and must gross it up by 10% The rate applicable for May 22 is 10% under section 193
Muhammed Salih
CA Inter
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1
458
Bank deposits disclosure
Accountancy
answered on 06-Apr-22 16:19
Why bank deposits for 9 months are disclosed separately in the question below while schedule III requires separate disclosure of only such bank deposits that have more than 12 months maturity?
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Ok sir
Sibi Srinivasan
CA Final
★ 22K+
6
565
Bank Reconciliation Statement
Accountancy
answered on 08-Apr-22 09:46
I can't understand please explain the problem given in March 2022 MTP - 1 q.no. 2(b)
latest answer
Solution is correct
Vijay Kumar Velagapudi
CA Foundation
★ 175
12
705
Acceptance of deposit
Corporate & Other Laws
answered on 05-Apr-22 02:37
Exclusions of deposit Director of the private company is need to give a declaration The word mentioned as private company Then what about public company Does it mean that Director of public company is not required to give a declaration Or Amount received from director of public company is alway considered as deposit
latest answer
Read the sentence once again to get clarity. In this sentence they just mentioned that 1. "The director of the company" in this the term company includes all the private and public companies as it is not mentioned specifically. 2. "or the relative of the director of the private company" in this sentence it just include private company.
Ashfaq Ahmed
CA Final
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1
428