Forums
Right issue
Corporate & Other Laws
answered on 22-Apr-21 17:45
Example 10, Can a company issue shares to outsiders before making right issue?
latest answer
Yes as per the provisions of section 62(1)(c). It's not like before making a rights offer. It's like instead of rights offer, they can do so by following conditions specified therein which requires special resolution by shareholders - so they agree to it!
Aman Mahajan
CA Final
★ 19K+
3
536
Capital gain
Direct Taxation
answered on 22-Apr-21 10:03
In given below pic whether rebate can be taken? Then if we take rebate =12500-10300=2200 can we set off against 35000
latest answer
Rebate under section 87A is applicable only if the net total income does not exceed Rs. 5,00,000. In the present situation, rebate is not applicable as net total income is more that 5 lakhs.
Kanaga Mani
CA Inter
★ 3K+
1
727
Minor as agent
Corporate & Other Laws
answered on 21-Apr-21 18:12
The answer to this question is little confusing bcoz it is stated that even a minor may become an agent and the corresponding sale is valid. Hiw can I frame answer to this question?
latest answer
Ok
Sri kanaga Varshini
CA Final
★ 3K+
3
1K+
ITC-Sec 17(5)(c)
Indirect Taxation
answered on 24-Apr-21 10:38
Here in this case for pappulal can he claim input on paints purchased. In case of contractor can he claim input on cement and steel used for the construction of a building
latest answer
ITC shall not be available in respect of the goods/services/both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when such goods or services or both are used in the course or furtherance of business. ITC is not available on works contract services when supplied for construction of an immovable property except plant and machinery. However, ITC for works contract can be availed only by person who is in the same line of business and is using such services for further supply of works contract service. Example - a building developer may engage services of a sub-contractor for certain portion of the whole work.
sai krishna teja
CA Inter
★ 940
4
719
free access
Others
answered on 21-Apr-21 17:16
Please provide free access for videos for may 21 exams
latest answer
We had provided this last month. Would not be possible again as it comes at a cost. You can purchase individual modules/chapters.
mohana priya raman
CA Inter
★ 120
1
564
Eis
Information Systems
answered on 21-Apr-21 17:08
Is the notes available in free resources enough for Eis late minutes revision
latest answer
Yes
mohana priya raman
CA Inter
★ 120
1
539
business economics module 2 doubts
Economics
answered on 22-Apr-21 12:22
Hello sir I have the following doubts in business economics module 2 1)what is the role of government in capitalist economy? 2)In socialist economy if everyone gets the same level of income, why would anyone want to get educated?( And this may also decrease the number of skilled people ) 3)Doubt In question no 1 in mcq section video "In free market economy allocation of resources is determined by " Ans was :- consumer preference But in capitalist economy firms also prefer to earn more profits then why wouldn't they allocate resources in areas which they get more profit i.e option d ??( i have provided the screenshot for the question below) 4)Doubt In question no 2 in mcq section video A capitalist economy uses _______ as the principal means of allocating resources Answer was :- price Sir gave explaination that if prices of goods are more profit will be more But prices may be more because of more cost as well .... The firm can also earn profit because of more demand of goods,then why not option a?? Please solve my following doubts...
latest answer
Yes
Santosh pal
CA Inter
★ 820
8
703
Amendment Finance act 2020
Direct Taxation
answered on 22-Apr-21 14:12
Sir can u pls explain the amendment on salaries in fin act 2020 regarding the aggregate limit of RPF superannuation & pension and the chargeability of interest on employers contribution on these.... I didnt get it completely from the classes.. If possible can u please do an illustration on the amendment covering all aspects and comparing previous and current treatment of all threeð???ð??»ð???ð??» its a request sir.
latest answer
Ty sir. Satisfied w d response
Ali S
CA Final
★ 8K+
12
684
Budget
Costing
answered on 21-Apr-21 14:55
Doubt
latest answer
Correct?
R Monika
CA Final
★ 210
1
595
Doubt in MCQ of Indigolrn
Direct Taxation
answered on 18-Jul-21 19:10
Pls ensure if the answer given by you in the below MCQ is correct or not... If its correct pls explain why. The explanation given along with it is not completely understandable. No offence just wanted clarity thats it.
latest answer
Ok sir
Ali S
CA Final
★ 8K+
19
833