powered by logo

Forums

Doubt

Accountancy

answered on 18-Aug-21 20:32

In the question why are loans and advances taken as assets? How do we identify in such case whether loans and advances are asset or liability?

latest answer

Generally considered assets

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

1

701

TDS applicability??

Direct Taxation

answered on 19-Aug-21 16:17

We are having maintenance with a party..like annual maintenance.Where there is no contract no agreement with that party and no amc.But they do maintenance for every month.What should we do in this case? If there is an amc contract then we would deduct tds Under 194c.What to do in this case whether we need to deduct or not ??

latest answer

Thanks a lot brotherð???

vasabattula abhinav

vasabattula abhinav

CA Final

85

8

1K+

Business cycle

Economics

answered on 19-Aug-21 11:13

How increase in money supply decreases inflation ??

latest answer

Inflation happens if the money supply grows faster than the economic output

Reetikaa R

Reetikaa R

CA Final

7K+

1

656

ca inter

Auditing

answered on 19-Aug-21 19:12

is caro2020 applicable for nov 2 exam??

latest answer

Yes for examination purpose no need to study but after exams you can surely go through it :)

Durga Shri

Durga Shri

CA Inter

0

3

604

Accountancy

Accountancy

answered on 19-Aug-21 23:37

Accountancy

latest answer

What ?

Vitthal Raykar

Vitthal Raykar

CA Foundation

620

2

561

Question no.4/icai illustration 3

Accountancy

answered on 19-Aug-21 10:10

Need hand written solution explained by satya raghu sir please

latest answer

Send your answer we will correct if required

Bhavya Kumar

Bhavya Kumar

CA Final

7K+

1

625

194C do we need to deduct??

Direct Taxation

answered on 18-Aug-21 17:39

If there is an product which is being done for according to customer specification Ex..some register books are being prepared specifically to us?? Here we need to deduct tds or not???

latest answer

Thanks a lot

vasabattula abhinav

vasabattula abhinav

CA Final

85

8

556

Capital gains

Direct Taxation

answered on 18-Aug-21 17:14

Whether the limits of 2km 6km 8km are applicable Only for sale of agriculture land or exemption is available for any kind of land?

latest answer

Limits are applicable to determine whether the land is categorized as rural agricultural land or urban agricultural land. If it is categorized as rural agricultural land, it is exempt. These are applicable only for agricultural land.

bsai partish

bsai partish

CA Final

2K+

1

555

194C

Direct Taxation

answered on 18-Aug-21 17:11

194c is actually applied when there is a contract between the parties?? Or we just see the nature of work and deduct tds??

latest answer

See the nature of the work. The contract may be in writing or oral.

vasabattula abhinav

vasabattula abhinav

CA Final

85

3

559

Calculation of compound interest @ 7.35% pa

Others

answered on 20-Aug-21 11:19

How did they got a interest of 2439

latest answer

That looks like an interest calculation on balance amounts ignoring service charge (basic calcs as attached). Please check with loan provider for exact details.

Deepak Thinu

Deepak Thinu

CA Inter

0

1

686