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AS-10
Accountancy
answered on 23-Feb-21 22:08
Sir please give explanation of this question & accounting treatment
latest answer
No sir. 1st I'll complete it then I'll try Thanku sir
Bethi Shivani
CA Final
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4
610
Manager vs. managing director vs. Managing personnel
Accountancy
answered on 23-Feb-21 21:38
Doubt
latest answer
(53) "manager" means an individual who, subject to the superintendence, control and direction of the Board of Directors, has the management of the whole, or substantially the whole, of the affairs of a company, and includes a director or any other person occupying the position of a manager, by whatever name called, whether under a contract of service or not; - Someone who is incharge of whole of company. Do not get confused with manager used in day to day life - like branch manager or finance manager. Here its more like CEO. (54) "managing director" means a director who, by virtue of the articles of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management of the affairs of the company and includes a director occupying the position of managing director, by whatever name called. Here, managing director is a director. Either a company would have a manager or managing director.
ALDRIN G
CA Inter
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1
979
Bonds
Others
answered on 23-Feb-21 20:50
Are GOI bonds tax free
latest answer
Tq sir
Elavarasi B
CA Inter
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2
604
How does a large company, eg Reliance, hold an AGM with its shareholders?
Others
answered on 22-Feb-21 11:18
Aren't there too many shareholders to hold a meeting?
latest answer
Physical meetings In a stadium.. check out AGM videos on google / Youtube
Kishore Anil
CFA L1
★ 2K+
1
499
Income tax
Accountancy
answered on 22-Feb-21 10:47
Sir . for example ice cream trading enterprise has made a profit of 10 lakh .it is sole trading form of organization.sole trader/owner withdraw 3lakh from business.now owner has to pay income tax for 10 lakh or 3 lakh.
latest answer
10 lakhs
Shreesha .T.u
CA Foundation
★ 2K+
1
590
Standards on Auditing
Auditing
answered on 22-Feb-21 12:04
In exams, generally question are framed from the requirement section of SA or also from the application/explanatory parts as well?
latest answer
Questions can be also asked from application and explanatory parts as well
Deepak Gupta
CA Inter
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1
683
Some doubts related to illustrations in the study material.
Accountancy
answered on 26-Feb-21 15:31
1. On the last illustration of Buildwell Ltd in the Insurance chapter, why is the denominator taken as total of adjusted standard turnover (12,70,000) when calculating Gross Profit Ratio and not previous year's turnover? 2. On the last illustration of Gram Udyog in the Departmental Accounts chapter, what is the meaning of adjustment no.1?
latest answer
1. 12,70,00 is the previous year's turnover only 2. What is your query? Can you be more clear. Also, if you have two different queries post them separately
Kishore Anil
CFA L1
★ 2K+
1
544
26AS
Direct Taxation
answered on 22-Feb-21 09:28
I filed my return with in time but on that day 26AS details showing TDS is nill. When deductor filled late TDS return one or two years later Which year my 26AS is updated with TDS details If TDS reflected last year 26AS. I again revise the my last year return. If deductor file late return which year my TDS reflected in 26AS.
latest answer
You can file your returns based on your TDS statement, even if there is a mismatch with Form 26AS. ... Once it is rectified, Form 26AS is automatically updated. And for any reason you missed to take TDS claim for any year, you can take the unclaimed tds amount of previous A.Y ==> click on less tax deduction at source and then click on previous year unclaimed tds/tcs. That will enable to take TDS claim.
Gopireddy Damodharreddy
CA Inter
★ 2K+
2
660
Perquisites
Direct Taxation
answered on 21-Feb-21 18:59
Do perquisites include only accommodation?
latest answer
Thanks sir..
Sai Teja
CA Final
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2
661
UNITS explanation
Exams
answered on 21-Feb-21 18:59
Sir/madam, What is meant by UNITS in ca intermediate examination?
latest answer
If someone has cleared a group in earlier scheme of education, they write balance papers in units scheme.
Balamurugan V
CA Final
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1
673