Forums
Orientation course
Others
answered on 12-Apr-21 13:01
Is there any orientation course available in online mode......or both available
latest answer
Thank u sir
Bharadwaj V
CA Inter
★ 15
2
565
Accounting from incomplete records
Accountancy
answered on 12-Apr-21 10:03
How do we got sales amt in trading a/c
latest answer
Tq u sir
Sandhya K
CA Inter
★ 5
2
893
Syllogism
Maths & Stats
answered on 12-Apr-21 09:50
Kindly,solve 23rd sum
latest answer
Neither conclusions are possible.
Sindhuja shivani M
CA Foundation
★ 0
1
597
Financial Reporting ind As 115
Accountancy
answered on 12-Apr-21 13:43
If entity 1) Export for â?¹100 2) Domestic sale for same good at 10%discount Then how to recognise revenue , for domestic sales What should be transaction price 100 or 90 For domestic sales???
latest answer
Yes
Teena Goyal
CA Final
★ 0
3
628
PGBP
Direct Taxation
answered on 12-Apr-21 11:37
Sir , Can we claim the Expense incurred prior to more than 3 years under sec 35 AD ? Are there 3 years limit. Only?
latest answer
Provisions of section 35AD(8)(c) cover the definition of â??specified businessâ??, whereas, provisions of section 35AD(5) covers the date from which such businesses should have commenced the operations-
M Naresh
CA Final
★ 3K+
4
848
Salaries illustration
Direct Taxation
answered on 12-Apr-21 11:21
Sir / madam, In chapter no. 5 salaries- illustrations, Video no. 20, Varun sir gave an exemption for two items mentioned below 1)medical facility in a private hospital in Bengaluru (the same hospital is recommended by the government of Karnataka for the medical treatment of government employees ):RS 24,000 2) Medical facility in an hospital approved by the chief commissioner of income tax: RS. 42,000 Please tell me how it is exempted because the treatment in private hospital and that too is not for specified diseases?
latest answer
The perquisite in respect of medical facility provided by an employer in following hospitals/clinic is not chargeable to tax: 1) Hospital owned and maintained by the employer 2) Hospital maintained by Govt. or Local Authority or an Approved Hospital under CGHS 3) Medical facility like prescribed diseases / ailments in a hospital approved by Principal Chief Commissioner or Chief Commissioner shall be fully tax free The private hospital is the notified hospital by Govt. Please go through Rule 3A, for diseases and ailments
Balamurugan V
CA Final
★ 52K+
1
660
Doubt
Accountancy
answered on 12-Apr-21 10:19
"Loans & advances from related parties " ( below image) . Is it is current liability or non current liability and why ?
latest answer
Ok sir
Sri kanaga Varshini
CA Final
★ 3K+
4
721
Depreciation calculation
Financial Management
answered on 12-Apr-21 10:55
How do they have calculated depreciation from 4th year
latest answer
1. Depreciation for first 3 years is Rs.175/8 = 21.875 2. At the end of 3rd year, there was another machine which was purchased for Rs. 12.5 Lakh. This is having the salvage value of Rs. 1.25 lakh at the end of 8th year. Hence, depreciation for new machine for 5 years will be (12.5 - 1.25)/5 = 2.25 lakhs 3. Hence from 4th year, depreciation will be 21.875+ 2.25 = Rs. 24.125
Triveni Patil
CA Inter
★ 290
1
730
Bank Audit.
Auditing
answered on 20-Apr-21 15:37
NOC to previous branch statutory bank auditor is mandatory?
latest answer
Okei Sir.
Balamurali Unnithan M S
CA Inter
★ 3K+
2
575
Exemptions - Educational institutions
Indirect Taxation
answered on 14-Apr-21 11:13
1. Whether ICAI will be covered under educational institutions? 2. Whether extra curricular activities provided by educational institutions are taxable? And if they are provided to all the students, whether it is exempt?
latest answer
Curriculum should be decided for all by the educational institution
Nivedha Balaji
CA Final
★ 9K+
3
706