Forums
ITC
Indirect Taxation
answered on 25-Mar-21 12:28
Sir Can we keep balance in IGST instead of CGST? Or Should we completely use IGST first? Which is more preferable
latest answer
In your solution, u first used IGST for IGST and there is not more IGST payable..... so the amount left under IGST can be used for CGST or SGST....... Since CGST and CGST cannot be used to settle each other, and since there is no more IGST to pay... it is ideal to pay CGST & SGST using their own balances and then the shortfall can be used from IGST balance......
Priyanka Udeshi
CFA L1
★ 14K+
6
770
Employment tax payable to Govt. was Rs. 2000 but he paid only Rs.1000 during the previous year against the due amount.
Direct Taxation
answered on 25-Mar-21 11:48
He can avail deduction under section 16 Rs . 1000 only Is that correct?
latest answer
Advance salary received by an employee is taxed in the year of receipt. Municipal taxes for house property are allowed if they are borne and actually paid by the owner. Similarly is this employment tax, as it is specifically given in the act
Gayathri K V
CA Inter
★ 13K+
7
631
True or false with reason
Accountancy
answered on 22-Mar-21 17:08
Can you explain 6th question with reason
latest answer
Answer is false the credit balance of profit and loss statement is called profit If credit side is more than debit side it is called as surplus in income and expenditure statement. If debit side is more than credit side it is called as deficit in income and expenditure statement l
siva chaitanya
CA Final
★ 13K+
1
679
Unrecognised provident fund
Direct Taxation
answered on 22-Mar-21 13:57
Transfer of amount from unrecognised P.F to recognised P.F is included in the total income of employee at the time of transfer.will that result in taxtion of employee controbution ?
latest answer
Ok sir and one more query is there which is unanswered which I posted yesterday
Abhishek Purohit
CA Inter
★ 10K+
2
667
Block money Act
Direct Taxation
answered on 22-Mar-21 12:19
Is this chapter is includes in DT paper? I saw this chapter in my elective paper but not able to see in DT. Is it means excluded from syllabus
latest answer
Thank you so much
M Sairam
CA Final
★ 2K+
4
656
Value addition
Economics
answered on 27-Mar-21 14:23
Guys..is there any value additions for economics for may21
latest answer
yes
Vishwanath Tadur
CA Inter
★ 2K+
5
664
MTPs
Others
answered on 23-Mar-21 15:38
Guys..is there any possibility that to get past 4-5 MTPs chapterwise...
latest answer
regret we dont have it at the moment and we will not be able to do it in immediate future
Vishwanath Tadur
CA Inter
★ 2K+
1
552
NEGOTIABLE INSTRUMENT
Corporate & Other Laws
answered on 22-Mar-21 11:33
Kindly give some examples for both v & vi
latest answer
We know holder of the bill can bring a case against any prior parties. Last point says if case was made against A (drawer), it will be liable to interest @15%
GOKULA LAKSHMI
CA Final
★ 21K+
3
708
AS 5
Accountancy
answered on 23-Mar-21 17:51
In first imge they treated it as a prior period In second image they treated it as exceptional item The question is some what same way in both cases there is uncertainty in collection at the time Why ??? Please reply ...
latest answer
Ok sir
Enuguru Sai Nithin
CA Final
★ 78K+
4
643
Deventure
Corporate & Other Laws
answered on 22-Mar-21 20:12
Explain properly in hindi
latest answer
Vikash
Radhika Jain
CA Inter
★ 170
3
608