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Premium on redemption?
Accountancy
answered on 14-May-21 12:48
Please Explain me how (premium on redemption=16) came.Kindly,Check below for attached file.
latest answer
Yes, solution w.r.t. premium on redemption is not correct given the information in question
Naren
CA Inter
★ 90K+
3
692
Section 28 & Section 56
Direct Taxation
answered on 13-May-21 20:19
PGBP & IFOS, Are charged to tax on a cash or mercantile basis. If an example it's taxed on a cash basis, If a Chartered Account prepares his P&L Account, He only shows the receipts he received rather than actual bills issued as per the Cash Basis of accounting. In this case, there is a chance for him to escape from tax?
latest answer
So, I think it better, Maintain accounts on a cash basis for entrepreneurs.
Balamurali Unnithan M S
CA Inter
★ 3K+
12
625
Negotiable instruments
Corporate & Other Laws
answered on 17-May-21 18:29
Explain both the question attached below.
latest answer
Thankyou sir
Sathiya Bama
CA Final
★ 24K+
4
777
Sec.145
Direct Taxation
answered on 14-May-21 17:32
As per sec.145 talks about the method of accounting. As per the section, the assessee can follow the cash or mercantile system on regular basis. If the assessee follows cash basis presently, after some years he is entitled to choose a mercantile system?
latest answer
No rule as such.
Balamurali Unnithan M S
CA Inter
★ 3K+
8
694
Ratio analysis
Financial Management
answered on 14-May-21 19:30
Is net asset is equal to capital employed?
latest answer
Thank you mam
Miradevi S
CA Final
★ 16K+
5
777
Negotiable instruments act
Corporate & Other Laws
answered on 13-May-21 14:18
15 th question answer is whether a or b
latest answer
Answer would be a - next preceding business day (Sec 25)
Sathiya Bama
CA Final
★ 24K+
2
629
Sec141(3)
Auditing
answered on 14-May-21 19:48
An LLP can be appointed as auditor eventhough it is a body corporate. My question is why LLP can be appointed as auditor?is there any specific reason?
latest answer
In LLP at least one partner rests with unlimited liability this will safeguard the client. To protect the interest of client LLP can definitely cannot escape from the liability so it will be eligible to act as a auditor
Harsha Vardhan
CA Inter
★ 2K+
2
613
Disqualification of auditor
Auditing
answered on 13-May-21 10:43
In disqualification, Relative may hold securities of face value not exceeding Rs.100000. My doubt is face value of Rs. 100000 is for each relative separately or in aggregate?
latest answer
Limit must be calculated in aggregate.
Vicky 027
CA Inter
★ 2K+
2
638
Face value
Accountancy
answered on 13-May-21 12:20
Why all share will have face value 10 and how face value is calculated .
latest answer
Face value of a share, also known as the par value, is the value at which a share is listed on the stock market. The face value of share can be taken up from Rs.1 but Majorly, the shares of Indian companies have a face value of Rs.10. There are no fixed criteria for deciding on the face value of a stock. It is fixed by the company, once it decides to issue its shares and bonds.
Shreesha .T.u
CA Foundation
★ 2K+
2
656
Sec. 40(a)(ii) & Sec. 40(a)(iib)
Direct Taxation
answered on 13-May-21 10:57
Sec. 40(a)(ii) - Income tax ,Sec. 40(a)(iib) - Royalty, licence fees, etc. payable by State Government Undertaking. The expenses mentioned in the below sections are fully disallowed?
latest answer
yes
Balamurali Unnithan M S
CA Inter
★ 3K+
5
829