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Investment account

Accountancy

answered on 18-Apr-21 06:36

In the cost how do we got the 45000 (in the average cost)

latest answer

45,000 is the number of shares. 25,000 (original) + 5,000 (new purchase) + 5,000 (bonus - 1:6) + (2/3)Ã? 15,000 {rights - (3/7)*35,000}

Sandhya K

Sandhya K

CA Inter

5

1

578

In law

Exams

answered on 19-Apr-21 12:41

Is necessary to learn a penalty provisions for each sections

latest answer

Penalties are rarely asked in the exam. Primary focus of the examination is on conceptual clarity of student. Please pay more focus on remembering limits, time lines & concepts. Try to complete 2-3 revisions & to fetch more marks, revise section numbers. Penalties for specific sections like fraud or the ones which get repeated can be first focused. If still some time left, you can write penalties in a separate sheet and revise them before exam.

Kanaga Mani

Kanaga Mani

CA Inter

3K+

1

737

TDS rates

Direct Taxation

answered on 17-Apr-21 17:42

The rates has been changed from chapter TDS.in Latest study materials... Does these changed rates are applicable for upcoming exam? Bcoz they have not discussed about these rates in latest rtp

latest answer

Okay sir thank you

Triveni Patil

Triveni Patil

CA Inter

290

2

760

Rule 18(7)

Corporate & Other Laws

answered on 18-Apr-21 15:13

What is meaning of attached parra

latest answer

Not necessarily. Provision just says for the ones maturing investment has to be made

Gauri Shete

Gauri Shete

CA Final

5K+

3

679

Zoom

Others

answered on 17-Apr-21 17:01

Can I ask some doubt in zoom meeting

latest answer

You can use mobile.

Nivetharaman Raman

Nivetharaman Raman

CA Foundation

11K+

2

488

DDT- final accounts

Accountancy

answered on 17-Apr-21 14:17

As Dividends are taxable in the hands of share holders , should we continue to charge DDT in the books of company or can we ignore the step.

latest answer

As DDT is not applicable now. You can ignore

KARTHI VB

KARTHI VB

CA Final

2K+

1

603

Amendments

Indirect Taxation

answered on 17-Apr-21 12:16

Please upload a video on amendments for May-21 examination

latest answer

Ok sir. Thank you.

Nivedha Balaji

Nivedha Balaji

CA Final

9K+

2

610

Sec 36AD(4) Specified business deductions

Direct Taxation

answered on 17-Apr-21 10:59

As per the section when we claim deduction under specified business it is says that we cannot claim any other deduction so sir? Does that mean we cannot calculate unabsorbed depreciation or losses and carried forward to further years?

latest answer

only disallowances under Section 35AD are a. No deduction shall be allowed under provisions of Section 10AA of the Income Tax Act b. No deduction will be allowed under Chapter VI-A under part-C. "Deductions in respect of certain incomes" c. Deduction already claimed and allowed under section 35AD will not be allowed under any other section. Unabsorbed depreciation and carry forward provisions are applicable as such.

TarunGopi Katragadda

TarunGopi Katragadda

CA Inter

135

1

620

Individual module

Others

answered on 17-Apr-21 10:48

Please upon individual module option as fast as possible iam waiting to purchase

latest answer

April 21st

Abijith Alappat

Abijith Alappat

CA Final

1K+

1

552

AS-7

Accountancy

answered on 17-Apr-21 17:30

in the illustration (attached below) ,why the contract price was credited with 90+9. ? In video 4 AS -7 ,in the same illustration,the contract price was credited with reimbursable cost only(90000)

latest answer

The solution in the study material is incorrect When the outcome of a construction contract cannot be estimated reliably: (a) revenue should be recognised only to the extent of contract costs incurred of which recovery is probable; and (b) contract costs should be recognised as an expense in the period in which they are incurred Here is the correct solution attached

venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Final

34K+

1

593