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ifos
Direct Taxation
answered on 10-Mar-22 16:25
sec 56 2 X is applicable oly fr capital asset? what if asset sold is SIT.
latest answer
Can you elaborate your query
Devi Kiran
CA Inter
★ 0
1
445
ifos
Direct Taxation
answered on 11-Mar-22 19:25
in illustration 2 isnt akhils neice member of huf..who all are included in members of huf
latest answer
ok
Devi Kiran
CA Inter
★ 0
2
456
ifos
Direct Taxation
answered on 14-Mar-22 10:35
in illustration 1 wen mr.A sells his plot in faridabad why shouldnt we consider period of holding of previous owner.
latest answer
Refer Section 49(4).
Devi Kiran
CA Inter
★ 0
5
555
ICITSS
Others
answered on 10-Mar-22 11:31
Which should be done first? IT or orientation? Is there any order?
latest answer
Ok sir
Sibi Srinivasan
CA Final
★ 22K+
3
521
IFOS
Direct Taxation
answered on 10-Mar-22 10:28
where are provions of sec 94 given
latest answer
ok tq
Devi Kiran
CA Inter
★ 0
2
471
CARO 2020
Auditing
answered on 11-Mar-22 15:33
How to remember CARO 2020 in the order in a better way
latest answer
By making short notes yourself for each para and by making your own mnemonics for easy recollection. And revise 2 to 3 times
Mani Mohan Reddy
CA Inter
★ 7K+
1
671
Exam registration form
Exams
answered on 10-Mar-22 14:59
I didn't get my photograph and signature in the exam registration form after payment of fee. I got attestation and post it to ICAI bhawan in Chennai. My doubt is how can I know whether my form has been reached the office correct. And what will happen if the form is not sent to ICAI bhawan but stuck in or missed somewhere.
latest answer
All the best!!
Vijay K
CA Inter
★ 9K+
15
776
adjustmet frome final account for SP
Accountancy
answered on 11-Mar-22 15:37
Bank overdraft is secured against hypothecation of stock. Bank overdraft outstanding as on 31.3.2020 has been considered as 80% of real value of stock (deducting 20% as margin) and after adjusting the marginal value 80% of the same has been allowed to draw as an overdraft. GIVEN OVERDRAFT 320000 NOw how to calculate closing stock..first I thought 320000/80% i.e 400000 is closing stock but answer is 500000
latest answer
It will be be 3.2L/80% = 4L and then again 80% of that which gives us 5L (value of stock)
Harshitha Kalidindi
CA Final
★ 51K+
2
4K+
Examples of Companies Governed by any special act
Corporate & Other Laws
answered on 11-Mar-22 12:49
What are some of the examples for the "Companies Governed by any special act"
latest answer
Airports Authority of India, Oil and Natural Gas Incorporation etc.
Avasarala Vivek Aditya
CA Inter
★ 6K+
1
2K+
Accounting concepts, principles and conventions
Accountancy
answered on 11-Mar-22 15:42
While giving example of Matching concept purchase amount was taken into consideration. But under MCQs at the end of chapter 1(v) purchase amount is taken into consideration. I am confused. And how is the answer matching concept for the above?
latest answer
Purchases relevant to goods sold will only be taken. 4/5 of purchases - 15L i.e. 12L will be taken and then given expenses of 2.5L, net profit will be 18 L - 12 L - 2.5L = 3.5L
Ratnasri N
CA Foundation
★ 0
5
517