Forums
Scholarship
Others
answered on 12-May-21 14:41
While applying for icai scholarship ,whether income to be verified by CA or FCA
latest answer
PFA
Midhlaj alungal
CA Inter
★ 280
2
660
Fund
Direct Taxation
answered on 11-May-21 15:53
A person works in a company for 3 years and has provident fund and joins another company where they maintain unrecognized fund for 10 years... Will this be taxable? Same question but he has provident fund in earlier company and joins another company and they maintain provident fund there too.... Is it taxable??
latest answer
Ok sir
Kishore kumar
CA Final
★ 2K+
4
833
Residential status
Direct Taxation
answered on 11-May-21 13:23
Under sec 14A if the assessing officer finds non compliance of sec 14A can he make all the 3 adjustments or any one of the 3 adjustments
latest answer
Ok sir thank you!
Sri Varshini
CA Inter
★ 575
6
693
Download of Videos
Others
answered on 11-May-21 18:10
Where can I download the lecture videos in the 1 FIN app in IOS to view in offline
latest answer
Sorry for incorrect information provided earlier - download video option is available only on android devices and not iOS devices
sai krishna teja
CA Inter
★ 940
5
1K+
Bonus and right issue
Accountancy
answered on 11-May-21 12:29
Can we right issue to preference share holders?? Can we issue bonus shares to preference share holders??
latest answer
Good response above. To add here in terns of Companies Act: 1. Sec 63 does not restrict issuing bonus shares to Preference shareholders. So it's possible. 2. Sec 62 allows right shares to be issued only to holders of equity shares. However, there is no restriction on company to issue preference shares as right shares to equity shareholders.
Kanaga Mani
CA Inter
★ 3K+
2
748
Preference shares
Accountancy
answered on 10-May-21 19:43
In illustration 6 In this question given redeem preference shares by UTILISATION OF RESERVE available free reserves as per qn=110000 We are redeeming @100000 rs then remaining reserves =10000 Then how can we create crr from free reserve???
latest answer
No worries, I could have shared it before. But wanted that you understand it through concepts and entries. Happy studying!
Kanaga Mani
CA Inter
★ 3K+
13
783
Preference share
Accountancy
answered on 10-May-21 19:12
In book back illustration 2 Adjustment no.3 for redemption of debentures we issuing equity share For that adjustment face value of equity shares =2 then ,we are dividing by 10 in working note 2
latest answer
That's a different provision - that is premium on redemption. Here it's issue of shares - Deb. holders are asked either they take cash, or take share at issue price 10. So, we are not paying them premium, infact issuing shares at premium.
Kanaga Mani
CA Inter
★ 3K+
3
696
Sec.40(a)(1)
Direct Taxation
answered on 10-May-21 18:05
As per Section.40(a)(1), It's related non Deduction of TDS and Non-payment of TDS. The condition of disallowance of expenditure is non-deduction of TDS and Non-payment of TDS within the due date of filing IT return (31st July and 30th October respectively) Doubt is if the filing due date is extended, The provision for payment of TDS also extends to the respective date for the avoidance of TDS or do the TDS payment within the due as mentioned in IT Act, ie 31st July and 30th October.
latest answer
Thank You Very Much Sir.
Balamurali Unnithan M S
CA Inter
★ 3K+
2
822
Deduction u/s 80 EE and 80EEA
Direct Taxation
answered on 10-May-21 18:31
Can an assessee claim deduction under both these heads along with deduction u/s 24(b)
latest answer
Thankyou sir
anagha Jayan
CA Inter
★ 24K+
4
670
section 32 AD
Direct Taxation
answered on 10-May-21 15:58
section 32 AD is not applicable from May 21( {PY 2020-21) exams onwards. right? So should I study that section, bcz will questions relating to previous PYs be asked?
latest answer
Yes. questions may be asked relating to previous PYs
Ali S
CA Final
★ 8K+
1
605