Forums
IFHP
Direct Taxation
answered on 08-Apr-21 12:19
What will be the pre construction period in this question.Also what will be the amount of interest for that period? If possible please provide complete solution of this question
latest answer
Yes.... 1500000x10%x 258/365=106028 is preconstruction interest
Priyanka Udeshi
CFA L1
★ 14K+
9
720
Section 7(2)
Indirect Taxation
answered on 08-Apr-21 14:55
If a conveyance is sent from one state to another(distinct persons) for using it in that state, whether GST will be applicable on that?
latest answer
GST is applicable on value of goods but not on conveyance
Nivedha Balaji
CA Final
★ 9K+
4
597
Resident and Ordinarily resident
Direct Taxation
answered on 08-Apr-21 13:17
Indian Citizen/person of Indian origin having total income other than from foreign sources, exceeding 15,00,000 rupees during the previous year, He will be a resident if he stayed in India for a period of 120 days or more. He will be a Resident But Not Ordinarily Resident(RNOR) if his stay doesn't exceeded 182 days. Is that mean if he stayed in India for more than 182 he will be an ROR? OR for becoming ROR he need to satisfy both additional condition? 2 in 10 & 730 in 7
latest answer
182 days
Gayathri K V
CA Inter
★ 13K+
12
1K+
Articleship
Exams
answered on 09-Apr-21 14:17
I joined articles in August 21st 2019 and took termination in August 8th 2020 and joined in another firm in October 22nd 2020 .when is my final attempt
latest answer
Yes
Laxman kumar
CA Final
★ 4K+
9
672
Doubt
Accountancy
answered on 07-Apr-21 15:15
Why fixed asset held for sale is current asset?
latest answer
Ok thanx
Sri kanaga Varshini
CA Final
★ 3K+
2
725
Contributing towards assets
Corporate & Other Laws
answered on 07-Apr-21 11:24
In case of company limited by guarantee hear what is the meaning of contributing towards the Assets of company
latest answer
At the time of winding up, assets of the company are used to pay off debts, liabilities, expenses. So the statement simply means members in case of company limited by guarantee, will pay the undertaken amount to the company that will be added to company's assets.
Gauri Shete
CA Final
★ 5K+
1
586
Doubt
Corporate & Other Laws
answered on 07-Apr-21 11:20
Is the difference between registered office clause and domicile clause
latest answer
No difference, it's same. Domicile clause is normally used because memorandum of association just contains the name of the State where registered office will be situated.
Gauri Shete
CA Final
★ 5K+
1
588
PT test
Others
answered on 07-Apr-21 18:30
How to prepare for PT test level 1 exams?what syllabus we need to study?
latest answer
Tq sir
Maduguri Bhanu
CA Final
★ 4K+
2
669
Sec 47
Direct Taxation
answered on 07-Apr-21 15:28
As per the section,to consider the transfers between holding and subsidiary companies are not considered as transfer according to section 45 with condition that holding company should hold 100% in the subsidiary company, but as per the companies act a company should have minimum of two members, so how this section 47 is practically beneficial.
latest answer
Understood, thank you sir
Paidala Harish
CA Final
★ 2K+
6
693
CARO
Auditing
answered on 06-Apr-21 17:42
Whether students appearing for nov21 need to watch CARO Relating to may21 (in companies audit)
latest answer
Okay sir
GOKULA LAKSHMI
CA Final
★ 21K+
4
617