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Profit or loss pre-and post incorporation

Accountancy

answered on 16-Aug-21 21:40

Book back question, question no.3. About gross profit ratio. Since months after incorporation is 8 months , Why did they multiply the 30% with 10 X instead of 8X 

latest answer

Thank you soo much brother

Susai Yappan

Susai Yappan

CA Inter

12K+

2

546

Deduction s

Direct Taxation

answered on 17-Aug-21 11:21

Outside India without deduction of TDS expenses fully disallowed (40(a)) In India resident without deduction of TDS expenses 30% disallowed But above both of changed finance act 2020 both case 30% only disallow But in IFOS Sec (58) without deduction of TDS 30% DISALLOW ALSO NOT eligible is this correct or not if any pls provid your interpretation

latest answer

Thank you

INDRAJITH S

INDRAJITH S

CA Inter

5K+

8

767

Salary

Direct Taxation

answered on 16-Aug-21 16:37

Managing director and other director difference If both of them under head of income is salary or IFOS IF both of applicable to deduct TDS which section 194j or 192(slab rate)

latest answer

Thanks

INDRAJITH S

INDRAJITH S

CA Inter

5K+

2

584

Order to start for learning eis sm subject for nov 21

Information Systems

answered on 19-Aug-21 11:36

In study planner it is given to start with automated bussiness environment but in lectures info. And its compo. Given im bit confused where to start??

latest answer

We have lauched a planner on our website - pls go through the same at the link below https://www.indigolearn.com/study-planner/create

Bhavya Kumar

Bhavya Kumar

CA Final

7K+

3

599

ICAI

Others

answered on 21-Aug-21 15:13

I cannot login to icaiexam.org. I have already registered with the Bos. Please help

latest answer

Ok sir

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

6

606

Indian contract act 1872

Corporate & Other Laws

answered on 16-Aug-21 14:40

What is remission? Explain it with examples.

latest answer

Remission means acceptance of a lesser fulfillment of the promise made. For Example: Acceptance of a lesser sum than what was contracted for, in discharge of the whole of the debt

Sai Dhanush Reddy

Sai Dhanush Reddy

CA Inter

160

1

838

ICA

Corporate & Other Laws

answered on 16-Aug-21 15:35

Agreement to pay dowry. ..Is valid or not

latest answer

Not valid. Unlawful object.

Harshan Pothula

Harshan Pothula

CA Foundation

0

1

539

Update on ICAI website

Indirect Taxation

answered on 16-Aug-21 17:06

As per the statutory update for indirect taxation on ICAI website. Rule 42 and 43 have been removed. Is this true. Please clarify.

latest answer

Ok thanks.

Tanmay Gupta

Tanmay Gupta

CA Inter

8K+

4

583

Not deducted edi,pf then disallowance?

Direct Taxation

answered on 16-Aug-21 09:58

1.if esi pf is not deducted then will we disallow entire salary expenditure?? 2.if deducted pf and not deducting pf will still entire salary gets disallowed??

latest answer

If he has not deducted then he would liable for interest & also penalty in some cases

vasabattula abhinav

vasabattula abhinav

CA Final

85

6

722

Redemption of Preference Share

Accountancy

answered on 16-Aug-21 09:32

Why crr created with 33750... Equity share are issued of nominal value of 33750 then crr should be 31250 (65000-33750)

latest answer

Yes

Devendra  Rajput

Devendra Rajput

CA Inter

425

3

512