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Perquisites
Direct Taxation
answered on 29-Jun-21 13:24
Can anyone tell me the examples of monetary perquisites?
latest answer
Ok ji thannk u
Likhitha Sivani
CA Final
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Amendments
Corporate & Other Laws
answered on 29-Jun-21 12:54
Is amendment effective from 21st December 2020 applicable for July exams or not?
latest answer
As per ICAI, For May 2021 examinations, amendments up to 31st October, 2020 are applicable.
manideep martha
CA Final
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PGBP
Direct Taxation
answered on 01-Jul-21 19:49
Can any one explain AMT clearly and solving of problems
latest answer
Thank you sir
Sairam Reddy
CA Final
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CSR
Corporate & Other Laws
answered on 29-Jun-21 11:44
In case company incurred any expenses towards CSR activities which is more than the limit prescribed,can such extra voluntary expenditure carry forward to next year ?
latest answer
Yes, but we should wait for ICAI to highlight such amendments.
Surya Prakash
CA Final
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Set off
Direct Taxation
answered on 29-Jun-21 09:52
Under head SALARY , only unabsorbed depreciation and house property can b set off ?? Whether any other head can b set off..?? Whether capital gain can b against salary??
latest answer
Loss under the head capital gain cannot be set off against income under other heads of income.
Sathiya Bama
CA Final
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Investor Education protection Fund
Corporate & Other Laws
answered on 29-Jun-21 07:54
is Investor Education protection Fund is separate fund that should create and run by company individually or CG may create One fund account for all companies?
latest answer
Its a single fund
Surya Prakash
CA Final
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525
Sec 139
Corporate & Other Laws
answered on 29-Jun-21 10:40
Appointment of auditor
latest answer
Please share your query.
Mohammed saqlain Ali
CA Inter
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Branch auditor for branch outside India
Corporate & Other Laws
answered on 29-Jun-21 12:27
It is given that accountant can be appointed as Branch auditor. Whether it is correct?
latest answer
Such Accountant should be qualified to act as the auditor of the account of branch office in accordance with the law of that country.
Nivedha Balaji
CA Final
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BANKING COMPANIES
Accountancy
answered on 29-Jun-21 10:16
How they find this value in schedule 13 for the current yr.. of interest/ discount??
latest answer
1. Tax provision and Provision for doubtful debts to be shown separately as provisions and contingencies. 2. Loss on sale of investment to be deducted from profit on sale of investment. These amounts should be added back to Interest earned. (2045+ 148+92+12 = 2297)
Sathiya Bama
CA Final
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491
Employer's contribution to Unrecognised GF
Direct Taxation
answered on 29-Jun-21 10:01
Employer's contribution towards unrecognised Gratuity fund For Employer It's not deductible in the year of contribution. Is it deductible in the year of due or payable ? Sec.40A(7)
latest answer
40A(7)(b) - Nothing in clause (a) shall apply in relation to any provision made by the assessee for the purpose of payment of a sum by way of any contribution towards an approved gratuity fund, or for the purpose of payment of any gratuity, that has become payable during the previous year. This clause specifies contribution towards an approved gratuity fund or for the purpose of payment of gratuity. So, where employer had incurred genuine expenditure for the welfare and the benefit of the employees, contributions to unapproved and unrecognized funds had to be allowed as a deduction
Chandan Subudhi
CA Final
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