Forums
Contract costing
Costing
answered on 19-May-21 10:56
In solving notional profit Why we can't take estimated further expenditure ???
latest answer
Notional profit is something which is not realised yet but can be recovered based, it is not estimated profit. All actuals are considered for computing Notional profit
Kanaga Mani
CA Inter
★ 3K+
3
737
Job costing
Costing
answered on 18-May-21 11:30
In illustration 9 on job and contract costing How can be work cost = sales - gross profit????
latest answer
Works Cost = Prime Cost + Factory Overheads (Indirect Material + Indirect Labour + Indirect Expenses)+opening Work in progress-Closing Work in progress. Gross Profit = Total Revenue â?? Total Cost of Goods Sold / work costs (those costs which are incurred during the production process and that are necessary to produce finished goods)
Kanaga Mani
CA Inter
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1
729
Non-Monetary Prerequisites
Direct Taxation
answered on 20-May-21 17:37
Sir, As sec.40(a)(5) says about the tax paid on non-monetary perquisites to an employee is disallowed and the employee gets exemption u/s 10(10 CC)? What's in the case of tax paid on monetary prerequisite employees? Such an amount is taxable in the hands of the employee? Is it is allowed in the hands of the employer?
latest answer
yes
Balamurali Unnithan M S
CA Inter
★ 3K+
5
755
Videos
Auditing
answered on 19-May-21 18:50
Mam/Sir shall i write down the text content shown during the classes or notes are enough to read?
latest answer
Thank you sir
Kumar Sarthak
CMA Final
★ 12K+
4
747
Customs
Indirect Taxation
answered on 18-May-21 11:42
Please find the attachment of the question
latest answer
Kindly note that this is ICAI Question only.
Kushal Tataverthy
CMA Final
★ 2K+
4
617
Doubt on indigolearn mcq
Direct Taxation
answered on 16-May-21 22:30
Can u say me the logic behind securing 100lakh (50+50) from both 400lakh and 900lakh?
latest answer
Ok sir thank you
Sri kanaga Varshini
CA Final
★ 3K+
2
803
answer it
Corporate & Other Laws
answered on 03-Jun-21 18:12
Mr. Ramesh promised to pay ` 50,000 to his wife Mrs. Lali so that she can spend the sum on her 30th birthday. Mrs. Lali insisted her husband to make a written agreement if he really loved her. Mr. Ramesh made a written agreement and the agreement was registered under the law. Mr. Ramesh failed to pay the specified amount to his wife Mrs. Lali. Mrs. Lali wants to file a suit against Mr. Ramesh and recover the promised amount. Referring to the applicable provisions of the Contract Act, 1872, advise whether Mrs. Lali will succeed ??????
latest answer
An account of natural love and affection even without consideration is enforcable if satisfy given condiction A)parties near relationship B) natural love and affection C) written form D) registered by law
Fayis E
CA Inter
★ 5K+
4
4K+
Branch Accounts - Debtors Method Illustration -3
Accountancy
answered on 17-May-21 10:29
Goods sent we recorded as 2,40,000 Loading we have reduced as 40000 ( which is 20%) Goods in Transit we have recorded as 20000 in closing stock And we debited Rs 8000/- in closing stock loading ( Stock + Closing stock) Since we have already credited loading of 40000/- why should we again debit loading for the value of goods in transit
latest answer
Yes exactly :)
sai krishna teja
CA Inter
★ 940
3
853
Computation of income from other souce
Direct Taxation
answered on 16-May-21 17:36
Plz solve this ques
latest answer
Ok sir
Riya Goel
CA Inter
★ 4K+
5
734
Sec.40(a)(iv)
Direct Taxation
answered on 18-May-21 22:28
If the PF/Gratuity Amount is less than 50000 and Employee leaving/retiring from the employer after 5 years, then this section not practices. I'm I, right?
latest answer
Okey.
Balamurali Unnithan M S
CA Inter
★ 3K+
7
599