Forums
Sole proprietorship and company
Accountancy
answered on 13-Aug-21 14:30
In company/corporation the income tax payables is debit to profit & loss account like other expenses. But in case of sole proprietorship, it is debited to capital account. So why we can't treat the income tax payables like the expense in the sole proprietorship?
latest answer
Ok mam, now I understood.
Vijay K
CA Inter
★ 9K+
4
703
Terminal depreciation
Direct Taxation
answered on 13-Aug-21 13:04
If derminal depreciation only for slm method or both method when BOA cease
latest answer
Thanks
INDRAJITH S
CA Inter
★ 5K+
7
1K+
Company Name
Corporate & Other Laws
answered on 13-Aug-21 11:45
Any restrictions for the company to includes numbers in the proposed company name.
latest answer
No. There is no specific restriction as such. Approval will lie at the discretion of ROC
Balamurali Unnithan M S
CA Inter
★ 3K+
1
515
Depreciationreciation schedule
Direct Taxation
answered on 13-Aug-21 11:21
Is this mandatory for other firm optain WDV depreciation method compulsory if any what is section as per income tax act
latest answer
Thanks ð???
INDRAJITH S
CA Inter
★ 5K+
7
496
Accured interest
Accountancy
answered on 13-Aug-21 13:15
How do banks pass accured interest on fixed deposit..as I have seen interest amount transferred to sb a/c..on 31st March they tranfer interest amount to the extent of their tds deduction..I haven't understood this..can anyone explain this??
latest answer
For any FD amount with tenure of 6 months and above, the interest will be calculated on a quarterly basis which means the interest earned on the previous quarter will be added to the principal for overall interest calculation The TDS rate on fixed deposits (FDs) is 10% if the interest amount for the entire financial year exceeds Rs. 40,000 annually which is applicable in AY 2020-21. So the TDS is deducted irrespective of actual credit to your a/c it mostly also depends on type of FD.
vasabattula abhinav
CA Final
★ 85
1
497
Tds on payment to printographer
Direct Taxation
answered on 13-Aug-21 17:01
Sir i wants to ask you , if i paid payment to printographer is this payment made to printographer is liable for deduction of tds
latest answer
Thanks sir
DEEP VICKY
CA Final
★ 685
13
670
Exam question
Costing
answered on 13-Aug-21 10:03
What will be the value of work certified?
latest answer
please send your answer we will correct if required
Vaishnavi Lohiya
CA Inter
★ 40
1
567
Audit and auditors
Corporate & Other Laws
answered on 12-Aug-21 20:21
In case of Rotation of auditor provisions , when the limits should be check to know whether rotation provisions apply or not ? At proceeding financial year or at anytime or at the time of appointment ?
latest answer
At the time of appointment
M Naresh
CA Final
★ 3K+
1
559
Caro 2016
Auditing
answered on 13-Aug-21 10:46
Where to study from CARO 2016? my ICAI MATERIAL has CARO 2020
latest answer
https://resource.cdn.icai.org/65698bos53003cp10.pdf
Sai Teja
CA Final
★ 14K+
2
566
Conversion ca ipc to ca inter
Others
answered on 12-Aug-21 17:24
I have succesfully converted from ca ipc to ca inter, i just wanted to know that where can i see the no of papers needed to be given in grp 2 in ssp portal as i have cleared my grp 1 in ca ipc already.
latest answer
Already have done that sir. Watching that video only i had applied for the conversion process. The conversion procedure has just completed yesterday only so wanted to know if they show it somewhere in ssp after the complete conversion. Thank you for your reply suraj sir.
Pankaj Mandlecha
CA Inter
★ 8K+
2
540