Forums
Franchise
Indirect Taxation
answered on 17-Jun-21 15:47
A firm starts as a franchise, it's mandatory to take GST registration or continue with the Principal Firms GSTIN.
latest answer
Thank u sir.
Balamurali Unnithan M S
CA Inter
★ 3K+
2
645
Negative list
Indirect Taxation
answered on 17-Jun-21 12:08
Sir , is there any Levy of GST on negative list ? Is there any ITC credit on negative list !?
latest answer
No. There is no GST impact on transactions covered under Schedule III. Further, when there is no tax there is no question of ITC.
Naresh M
CA Final
★ 75
2
650
Sec.194Q & 206C(1H)
Direct Taxation
answered on 21-Jun-21 09:04
These both sections applied to the invoice value or the taxable value? These both apply to the amount exceeding a slab of 50 lakhs, then to all purchase/sales made, or applicable only to the specific buyer or seller.
latest answer
For deducting TDS, 50 Lakhs is excluding GST. For TCS, GST also to be included. For 10 crores limit, GST is not included until clarification by CBDT.
Balamurali Unnithan M S
CA Inter
★ 3K+
15
653
General
Accountancy
answered on 17-Jun-21 16:19
Can we adopt different method of accounting for depreciation different asset ? Sir That is for plant and machinery accumulated depreciation method and for furniture and fixtures cost method of depreciation sir?
latest answer
Yes, for different asset classes, different depreciaton methods can be used
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
1
753
Investment decisions
Financial Management
answered on 17-Jun-21 16:57
Sir, is direct costs is variable cost?
latest answer
OK sir thank you
Miradevi S
CA Final
★ 16K+
2
561
Accounting profit is equal to
Economics
answered on 16-Jun-21 18:42
Please tell me the correct option with explanation ?
latest answer
If answer is correct
Aakash Raavi
CMA Inter
★ 320
9
627
Doubt
Accountancy
answered on 16-Jun-21 16:34
For example , in the 15% debentures account , the opening balance is � 500000 and new issue of 15% debentures is issued on discount of �35000 on 1/4/x1 is � 250000. If it is it a issued on discount and why do we calculate the interest on the face value instead of the remaining paid value ( I.e . �215000). 
latest answer
Payments can't keep changing, on market value / paid value of Debentures. Interest is always paid on face value, price keeps changing considering return-cost analyses.
Susai Yappan
CA Inter
★ 12K+
1
682
Doubt
Accountancy
answered on 16-Jun-21 20:59
Sir in super profit method how can we identify where the annuity is present or future to calculate goodwill
latest answer
Only one annuity value will be given in question
sai t
CA Foundation
★ 2K+
13
609
Alteration of capital clause
Corporate & Other Laws
answered on 16-Jun-21 16:34
Can consolidation of shares results in change in voting rights? Sir. If so it can happen could you give me example for it sir
latest answer
Thank you sir understood
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
2
582
Business Trust, Investment Trust, securitization Trust
Direct Taxation
answered on 17-Jun-21 10:16
Q1. Does any of them have business income? As in book all it talks about STCG , LTCG, rental, dividend and interest income? Q2. What is the basic difference between all 3?
latest answer
Business trust includes REITs and InvITs. Business trust earns dividend on shares from SPV, rental income from properties, earns interest on loans to SPVs and earns capital gains from transfer of assets. These are the only incomes for the business trust. REITs facilitate investments into real estate sector. InvIT is where investors invest money identical to that of mutual fund. They are built to suit specific circumstances in the country.
Pankaj Bansal
CMA Final
★ 0
1
831