Forums
Supply
Indirect Taxation
answered on 01-Jun-21 10:37
Answer for c and d bit
latest answer
Import of services by a taxable person from a related person or from any of his other establishments outside India, for business purposes, will be treated as supply. (c) - its not for business purpose so not a supply (d) for business thus supply
vijay anvesh
CA Final
★ 85
14
767
Section 43B
Direct Taxation
answered on 01-Jun-21 11:00
Are payments u/s 43B are allowable in any previous year when it is paid on or before filing of return u/s 139(1) OR it should be paid in the year when it is due?? For eg, mr.A was supposed to pay gst of the month april,2019 and he made a provision in his book but he failed to pay before due date u/s 139(1).Later in next financial year he paid those gst amount.Can he still claim the deduction of the gst amount ??
latest answer
Ok.. thank you
Nagesh S Hegde
CA Inter
★ 11K+
2
843
NP incase of cost of debentures chap ( Cost of Capital )
Financial Management
answered on 02-Jun-21 11:54
Sir has taught that market price should be the first preference for irredeemable debentures but in our icai module they have given that issue price is the 1st preference. Can anybody clarify on this please?
latest answer
For irredeemable debentures we usually take the market price, but even issue price may be considered depending upon the details available. In case both are given in the question it is advisable to mention a note regarding the 2nd alternative used
Renganathan Subramanian
CA Inter
★ 0
3
666
Sinking fund doubt
Maths & Stats
answered on 01-Jun-21 10:49
Hello sir We know that sinking fund formula is A= P . A(n,i) Where A is future value P is periodic payment But what is A(n,i) equal to Is it 1) A[(1+i)^n-1/i] Or 2). (1+i)^n-1/i I got this doubt because of example 35 in icai In one place the value is 15.937 and in one place it is 3,00,000 in the same problem I have attached the screenshot for your consideration This is really confusing sir Please solve my problem
latest answer
Thank you
Santosh pal
CA Inter
★ 820
7
910
AS-18
Accountancy
answered on 31-May-21 15:57
Can transaction between employer and employee treated as related party transactions?
latest answer
Thank you sir!
srinidhi srinivas
CMA Final
★ 8K+
2
597
Ratio analysis
Financial Management
answered on 01-Jun-21 23:49
What is the formula for capital employed ??? Capital employeed is equal to proprietary fund plus debt if any . And proprietary fund includes reserves and surplus na . Then here why did they deducted reserves from proprietary fund ???
latest answer
Thank u very much sir, didn't expected reply from you ð??? .
Enuguru Sai Nithin
CA Final
★ 78K+
6
1K+
Ratio analysis
Financial Management
answered on 02-Jun-21 11:59
Formula for debtor turnover ratio is avg debtors /cr sales In question opening debtors is not available so they calculated by using closing debtors only but in next year they should take avg debtors na then also they did not took avg debtors they took closing debtors only . Why ??? Please reply sir . For inventory turnover ratio because of opening inventory is not available they mentioned NA . Then how did they calculated DTR . ???
latest answer
Thank you
Enuguru Sai Nithin
CA Final
★ 78K+
10
712
Ratio analysis
Financial Management
answered on 01-Jun-21 09:33
What is formula for return on assets ?? Is it pat /total assets or EBIT (1-tax) /total assets ???
latest answer
PAT / Average Assets
Enuguru Sai Nithin
CA Final
★ 78K+
1
534
Leverages
Financial Management
answered on 01-Jun-21 09:37
Is formula for ROI same when firm consists of debt and when no debt ??? In list of formula list when debt conists formula is. EBIT / debt + equity . But in this sum they solved as EAT /Equity share holders fund
latest answer
ROI refers to the return of any investment made. Here You should ideally compute ROI on total Equity & Debt investment - they have computed ROE and called it as ROI - you may compute ROE and call it ROE seperately
Enuguru Sai Nithin
CA Final
★ 78K+
1
556
Sec 102
Corporate & Other Laws
answered on 31-May-21 14:02
Sir the penalty is payable to the Govt or the company? Please clarify
latest answer
The penalty is payable to the Government. Section 102(4) says in case any benefit accrues to the promoter, director etc., then they are liable to compensate the company to the extent of benefit received. Whereas Section 102(5) talks about the penalty which has to be paid, which can be Rs. 50,000 or 5 times the amount of benefit accrued, whichever is higher.
Priyanka Udeshi
CFA L1
★ 14K+
1
600