Forums
how to solve this problem
Accountancy
answered on 24-Sep-21 15:32
sir what is the solutions this problem , i think this type of problem is not covered in the module sir will there be video solutions in the forum because during the periode of purchasing the course , i contacted sales team i was promised that there will be video solutions in the forum
latest answer
This is from Framework for the preparation and presentation of financial statements. We will resolve your queries at the forum appropriately. Video solutions would be recorded only if there is an absolute necessity.
nisam M
CA Final
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3
551
I want to clarify
Others
answered on 24-Sep-21 15:47
For ex... If I get 12 mark sheet means it contains total marks, sub vise marks ,roll no, photo etc,etc like similarly..... I understand that what is share .... Suppose I have purchased relience shares...... 10 shares @of 10 each .... May I know what are all things are contained in that shares ..... Can you explain pls. If possible means you can attach any share copy and explain . If you feel comfortable means you can attach otherwise no needed..... Tq I am waiting for your lovable reply
latest answer
I understood very very clarified tq sir
Balachandar S
CA Inter
★ 59K+
4
690
Depreciation
Direct Taxation
answered on 24-Sep-21 12:36
A and B are owners of asset having equal share . B is not using that asset and A is only using that. Can A claim full depreciation or only 50%?
latest answer
A can claim full depreciation but cannot take depreciation because of he is not using the asset even though he is also owner
bsai partish
CA Final
★ 2K+
1
554
House property
Direct Taxation
answered on 24-Sep-21 17:23
How to solve this?
latest answer
Thank you
Siri S
CS Executive
★ 1K+
2
522
Deduction
Direct Taxation
answered on 24-Sep-21 11:41
What amount of deduction provided for lic premium paid on own life ?
latest answer
Thank you
Siri S
CS Executive
★ 1K+
2
574
Tax
Direct Taxation
answered on 24-Sep-21 11:08
Clothes worth 5000 donated to orphanage how to treat it under 80G of IT act ?
latest answer
Thank you
Siri S
CS Executive
★ 1K+
2
579
BCk
Others
answered on 24-Sep-21 11:09
What is arbitrage With layman example also pls
latest answer
Thanks mam ð???
Balachandar S
CA Inter
★ 59K+
4
580
Salaries Doubt
Direct Taxation
answered on 25-Sep-21 07:36
Mr. P is Pilot with Jet Airways. He is entitled to outstation allowance of Rs. 10,000 p.m. He spends Rs 4,000 every month. The exemption shall be Rs. 1,20,000 Rs. 48,000. Rs. 84,000 Rs. 72,000 Pls tell Which one is correct and please state the provison.
latest answer
This comes under Any allowance granted to an employee working in any transport system to meet his personal expenditure during his duty performed in the course of running of such transport from one place to another place, provided that such employee is not in receipt of daily allowance. The exemption is 70 per cent of such allowance up to a maximum of Rs. 10,000 per month
Balaji R
CA Final
★ 20K+
3
702
Associate company
Corporate & Other Laws
answered on 24-Sep-21 16:53
"Ministry of Corporate Affairs has clarified that the shares held by a company in another company in 'fiduciary capacity shall not de counted for the purpose of determining the relationship of 'associale company under section 2(6) of the Companne" Explain the meaning of this paragraph
latest answer
If an Asset Management Company (AMC) holds 20% of shares of say - SBI for its investors - SBI will not be an Associate of the Asset Management Company (AMC)
Rakesh Shah
CA Final
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3
481
Buy back of shares
Accountancy
answered on 24-Sep-21 09:54
Video no 5 in lectures Sir said for source of buy back shares One of the option is using existing free resource. While using existing free resources creditors get upset because of equity shareholders capital (wall behind creditors )gets reduce. So sir said we make sure to SH gets upset and creditors gets happy by way of creating CRR which can only be used for the purpose of bonus issues and it prevent the free resources to pay in the form of dividend Now my questions is,by making CRR how the creditors gets back his support back (happiness) again which is only used for bonus issue. In short how making free resouces as capital redemption reserve gives support to creditors? Pls explain this iam geting confused about CRR
latest answer
A buy-back is a scheme by which a company repurchases a certain number of its outstanding shares usually at a price higher than the prevailing market price/ fair value of the shares. There are two sources for buy back - (1) fresh issue of shares or (ii) from existing resources (proceeds other than fresh issue) i.e free reserves The company, under section 69 of the Companies Act, is also obligated to create CRR to the extent of face value of shares bought back by utilising existing reserves (free reserves like Gen Reserve, P&L balance and securities premium) When you create CRR out of the free reserves, so much of the money will not be available for shareholders for declaration of dividend or further buy back, so by creating CRR company is restricted by utilising the existing resources from further depletion, so they will be available for company in case of any requirements of outsiders during insolvency or winding up
Balaji R
CA Final
★ 20K+
1
478