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BC/BF
Indirect Taxation
answered on 07-Nov-20 12:59
Services provided by a business correspondent to a bank in urban area, who will pay gst and who will avail itc?
latest answer
Yes right
Satya Shashank
CA Inter
★ 13K+
5
780
Investment Accounts
Accountancy
answered on 05-Nov-20 18:16
Kindly see the attached question... Dividend is declared for the year ended 31.03.2014 @ 20% i.e. when Sundar had 25000 shares.. and he will receive dividend on them... But later they say that... dividend for shares acquired on 20.06.14 to be adj. against cost.. QUERY: Company declared dividend only for year ended 31.03.2014, then how can we know the dividend % for shares acquired on 20.06.14. In solution study mat has taken 20% here as well...
latest answer
They have assumed that dividends have not been paid on rights and bonus shares which is not a correct assumption. You can make a suitable note in the answers.
Deepak Gupta
CA Inter
★ 1K+
4
876
Doubt
Accountancy
answered on 05-Nov-20 18:12
Please explain point E on this question. The answer to that is True ..how??
latest answer
Ok sir thank you so much
Sri kanaga Varshini
CA Final
★ 3K+
2
663
Presumptive Taxation- Treatment of Partnership Incomes in Hands of partners
Direct Taxation
answered on 05-Nov-20 11:17
A partnership firm that has been allowed presumptive taxation- Will it be allowed to pay salaries and interest on capital to the extent permissible under Income Tax Act, 1961? And will any excess paid (For example; Interest on Capital paid at 15% i.e. 3% more than the limit of 12%) be taxable in the hands of the partner? (The usual treatment is that appropriation would be disallowed and included in income of firm)?
latest answer
Any deduction allowable under the provisions of sections 30 to 38 shall, for the purposes of sub-section (1), be deemed to have been already given full effect to and no further deduction under those sections shall be allowed. There is no taxability of excess interest paid.
Suraj Narayanan
Qualified CA
★ 7K+
1
797
Audit evidence
Auditing
answered on 04-Nov-20 18:05
How is audit evidence "cumulative" in nature ?
latest answer
K thax sir
Swathi Krishna
CA Final
★ 8K+
2
762
Consignment
Accountancy
answered on 04-Nov-20 17:34
In consignment account, goods sent on consignment should be calculated on selling price of cost price??
latest answer
Invoice price or cost price. Depends on the question.
Pooja .
CA Final
★ 210
1
789
Doubt
Maths & Stats
answered on 04-Nov-20 16:48
Are we given rough paper/working column maths exam?
latest answer
You have to do it in space available in the question paper.
vidhya ayyarappan
CA Inter
★ 5K+
1
715
Doubt
Maths & Stats
answered on 04-Nov-20 16:49
How to solve this problem.?
latest answer
Use effective interest rate formula.
Sri kanaga Varshini
CA Final
★ 3K+
1
670
How did institute get this figure '7333' ?
Accountancy
answered on 04-Nov-20 23:22
Pg 2.62 , Q4. See attached please
latest answer
Clear thank you sir
Kumarjit Dey
CA Inter
★ 4K+
2
864
Query related to Joint Life Policy (partnership firm, dissolution)
Accountancy
answered on 04-Nov-20 17:11
How to treat â?¢ JLP Reserve (which appears on Liability side) â?¢ JLP (asset side) â?¢ JLP "surrendered" given in additional info Through Realisation and/or Partner's Capital Accounts? See attached for Q.
latest answer
Two approaches. 1. Transfer both reserve and policy to realisation and give credit to the amoutn collected/received from the policy. 2. Transfer reserve to partners capital account directly. Transfer JLP to realisation and give credit for amount received.
Kumarjit Dey
CA Inter
★ 4K+
1
1K+