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Direct Taxation

answered on 18-Jan-21 09:30

In video cls there is section 10 (17) but in study material there is no such section is it applicable for ca inter

latest answer

It is given in the chapter income which do not form part of total income.

SAKTHI VIGNESH

SAKTHI VIGNESH

CA Inter

4K+

1

611

ROPS

Accountancy

answered on 18-Jan-21 18:52

Sir in illustration 5 of module can you please confirm if the amount for CRR is incorrect as the ESC was 37500 but only 31250 is deducted from FV of Pref Shares Also it would be 27500 if I'm correct?

latest answer

Great observation sir

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

2

689

Reverse charge mechanism

Indirect Taxation

answered on 19-Jan-21 17:47

If gta or security services are provided to cg , RCM NOT APPLICABLE DOES IT MEAN FCM APPLICABLE OR EXEMPT FROM GST

latest answer

Itâ??s exempt

Banda Veeresh

Banda Veeresh

CA Inter

35K+

1

635

Reverse charge mechanism

Indirect Taxation

answered on 20-Jan-21 08:41

Whatis the diffrence bw registered person and business entity ? Because business entity means any person carrying busi or profession

latest answer

As per Section 24(iii), persons who are required to pay tax under RCM shall mandatorily take registration in GST . Therefore, if legal services are not exempt and the recipient is a business entity located in the taxable territory then the recipient shall get himself registered in GST to pay tax under reverse charge.

Banda Veeresh

Banda Veeresh

CA Inter

35K+

4

806

Companies act

Corporate & Other Laws

answered on 17-Jan-21 20:06

What are the companies that specified in rule 9 to issue only in dematerialized form ?

latest answer

Warmest thanks bro

Kishore Babu

Kishore Babu

CA Final

8K+

4

808

Buy back

Corporate & Other Laws

answered on 18-Jan-21 11:29

Can we use proceeds from fresh issue of debentures to buyback

latest answer

This cannot be used for the purpose of CRR

Banda Veeresh

Banda Veeresh

CA Inter

35K+

1

667

MCQ questions for Jan 21

Exams

answered on 20-Jan-21 05:39

In IPCC group 2 old course -for Nov 20 there is no mcq pattern asked?... Is same applicable for Jan 21 or change?

latest answer

There will be normal mcqs and case study based mcqs too...

seshu Kumar

seshu Kumar

CA Inter

61K+

4

783

Supply under gst

Indirect Taxation

answered on 16-Jan-21 21:31

Lottery gambling are supply of goods or supply of services

latest answer

Treated as supply of goods. -> Lottery is an actionable claim -> Meaning of goods u/s 2(52) of CGST Act includes actionable claim -> Schedule-III or negative list (neither supply/service) only incl. actionable claim other than lottery, i.e. lottery, betting and gambling are not covered under Schedule-III

Shru Kanda

Shru Kanda

CA Inter

610

1

657

RoC

Corporate & Other Laws

answered on 16-Jan-21 15:08

Is approval from RoC the same as approval from Central Govt ? As RoC is also set up by CG.

latest answer

No

Aman Mahajan

Aman Mahajan

CA Final

19K+

1

585

Change of Name of a Company

Corporate & Other Laws

answered on 21-Jan-21 18:56

Is Govt. Approval taken before or after passing the Special resolution for change in name of the company?

latest answer

After passing special resolution

Aman Mahajan

Aman Mahajan

CA Final

19K+

2

573