Forums
Declaration form
Exams
answered on 17-Sep-21 12:20
I studied in a private school. Can the prinicpal of it attest my foundation declaration form?
latest answer
Ok sir
Sibi Srinivasan
CA Final
★ 22K+
7
933
FORM 26AS
Direct Taxation
answered on 21-Sep-21 10:32
In form 26AS there is a section called 206CR which is related to (Collection at source on sale of goods) but in study material and indigolear class also not mention the same, is there any point which to be discussed regarding the section 206CR, please clarify about the same.
latest answer
All the above are the provisions given in Section 206C - TCS
Muthu Selvam
CA Inter
★ 7K+
1
3K+
Bck
Economics
answered on 20-Sep-21 12:19
May I know what is the answer for 26 one
latest answer
Tq
Balachandar S
CA Inter
★ 59K+
11
588
Doubt on minors contract
Corporate & Other Laws
answered on 16-Sep-21 13:54
If two minors entered into contract say mr A gives loan of 10k to mr B... But both of them are minors . If mr B fails to repay money then whats the court judgement.??? If court asks mrA to forgot that money he is minor he will not liable....then mr A also minor he becomes liable then.... Otherwise if court say mr B to repay money then also Mr B minor he becomes liable...... Accourding to my study minors are not liable then in this type of case who is liable????? Pleaz if anyone know what to do then answer me ð???ð???ð???
latest answer
A contract with minor is void ab initio from the beginning so in the eyes of law there is no such contract has been entered..they can not enforce because this case is void from the beginning
DJV narayana
CA Foundation
★ 1K+
3
493
Cost accounting system
Costing
answered on 16-Sep-21 10:41
What is meaning for closing balance in General ledger control a/c?
latest answer
Thank you mam
Girinath A
CA Inter
★ 765
2
588
Capital gains
Direct Taxation
answered on 16-Sep-21 07:14
Please explain
latest answer
Suppose u have received one capital asset as gift and u have paid tax on income under the head income from other source in respect of gift by comparing stamp duty value and consideration received. So u have to pay tax then if the stamp duty value is more than 110% of consideration and also above 50,000. Otherwise, no tax liability then. After some years, u have transferred above mentioned property. There u have to take the value considered for gift taxation as cost of acquisition. I.e. if consideration is within the allowed variation , no tax paid at the time of receiving gift ... So consideration paid will be cost of acquisition. And If stamp duty value was higher considering the limit mentioned in first para. Then u have to take statmp duty value as cost of acquisition
Mahi Yadav
CA Inter
★ 0
1
519
Capital gains
Direct Taxation
answered on 16-Sep-21 13:18
Please explain
latest answer
Conclusion of the above is where an asset is acquired by gift or inheritance, the period of long term capital asset shall be reckoned from the date when the previous owner acquired such asset and the indexation shall be allowed accordingly from the year of acquisition by the previous owner.
Mahi Yadav
CA Inter
★ 0
1
484
Capital gains
Direct Taxation
answered on 16-Sep-21 07:07
Please explain
latest answer
As denominator for indexation we will take CII of the year in which the asset was held by the assessee(acquired after 01/04/2001) or else if it acquired before 01/04/2001 we will take 100 as CII, because the base year is 2001. Next point is if we got the asset as from previous owner mentioned in sec 49(1)... Then also same will applicable... I.e. CII of the first year in which the current owner transfers the asset. But can take benefit of case law... Manjula j shah vs CIT... that is CII in which the previous owner first holding the asset can take (if he acquires after 01/04/2001) or else is 100 as CII (if he acquires asset before 01/04/2021)
Mahi Yadav
CA Inter
★ 0
1
574
Cash Flow
Accountancy
answered on 17-Sep-21 11:10
In Cash flow Statement what will be the classification of 'receipt of grant for capital projects'
latest answer
No, not anything which is relevant at Inter level. While in practice, one can find certain items treated differently in US GAAP and IFRS like dividend received.
Priyanka Udeshi
CFA L1
★ 14K+
5
583
Articleship
Others
answered on 16-Sep-21 12:34
If I Don't start my articleship immediately after clearing both groups of inter , will I be not allowed to join firm for 6 months ??
latest answer
There is no such rules
Reetikaa R
CA Final
★ 7K+
1
497