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Redemption of preference shares
Accountancy
answered on 19-Jun-21 19:48
Sir, we are complying sec 133 by passing the entry .. Sometimes we can pay from the bank which was received from fresh issue security premium . Is it contravention know sir ?
latest answer
Payment will be through bank in all cases. Bank is an asset that is represented by some liabilities or equity. Either you use bank balance to the extent of free reserves or raise fresh capital.
M Naresh
CA Final
★ 3K+
1
607
Rebate
Direct Taxation
answered on 19-Jun-21 20:17
What is the rebate u/s 87A is it 2500 or 12500 what is applicable for July 2021 exams
latest answer
Ok thank u
SHEREEN BANU
CA Inter
★ 4K+
6
777
Composition scheme 10(2A)
Indirect Taxation
answered on 20-Jun-21 11:48
Q1)Persons who opted 10(2A) . Can they engage in interstate supply of services.? Q2) can 10(1) opted persons can make interstate supply of handicraft goods ?
latest answer
Person who opted for composition scheme under Section 10(2A) cannot engage in inter state outward supply of goods/ Services.
M Naresh
CA Final
★ 3K+
2
691
Salary
Direct Taxation
answered on 23-Jun-21 08:53
Sir, who is non specified employee?? Why it is not taxable if perquisite is engaged by employer??
latest answer
I already answered u in ur question u sent yesterday once check
Kishore kumar
CA Final
★ 2K+
7
561
Redemption of preference shares
Accountancy
answered on 19-Jun-21 18:06
Sir if we are redeeming preference shares through fresh proceeds . And such fresh issue having equity shares can we Use that security premium. ( Company not covered u/sec 133)
latest answer
That premium can only be used for providing for premium payable on redemption of preference shares. In no case securities premium can be used for redemotion of pref. shares. (whether company covered under S.133 or not),
M Naresh
CA Final
★ 3K+
2
991
Roc
Corporate & Other Laws
answered on 19-Jun-21 17:58
Does a Company have to file a return or submit books of account on quarterly basis to roc?
latest answer
Please complete the related modules, relevant matter you will study there.
raju raju
CA Inter
★ 240
4
638
Companies audit
Auditing
answered on 21-Jun-21 17:18
Explain point 1 and 2 and illustrations too
latest answer
Three years transition period will be provided to the companies to comply with the mandatory rotation of auditor requirement.
Sathiya Bama
CA Final
★ 24K+
2
539
Depreciation
Accountancy
answered on 19-Jun-21 20:48
Why depreciation is not charged for stocks.
latest answer
Okey Sir.
Aditya A.D
CA Foundation
★ 10K+
5
616
Ifos
Direct Taxation
answered on 19-Jun-21 15:26
Unexhausted basic exemption limit means??
latest answer
Tq sir
Aswini Gorige
CA Inter
★ 7K+
2
621
Ifos
Direct Taxation
answered on 19-Jun-21 18:12
on causal income , No ded u/s ch 6A allowed and no loss is allowed But sec 194B and 194BB up to 10000rs to any deductor exempt applicable or not??
latest answer
Chapter VIA is about deductions from gross total income Section 194BB and 194 BA are regarding deduction of TDS. Rs. 10,000 is exempted only for the purpose of TDS.
Aswini Gorige
CA Inter
★ 7K+
2
598