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answered on 19-Dec-20 13:11

Journal entry

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Purchase book

Surekha Chimkar

Surekha Chimkar

CBSE XI

0

2

631

S28(via) Conversion of Inventory to CA

Direct Taxation

answered on 22-Jun-20 13:31

I understand when CA converted into SIT is taxable under the head Capital gain only. If SIT converted into CA, it is going to taxable under the head PGBP. Whenever this CA sold, is it going to tax in Capital gain again ? Because of taxed under pgbp earlier, is that why we take Cost of Acquisition under Capital gain as FMV on the date of transfer ?

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This is really help me. Thank you.

AKHIL KOSHY

AKHIL KOSHY

CA Final

7K+

2

727

PGBP Doubt

Direct Taxation

answered on 22-Jun-20 13:04

Please help me out with this question- X operates a petrol bunk on his own land. In his profit and loss account, rental income received from Global Bank who have taken a part of the land of the petrol bunk to set up an ATM has been credited. Should this be reduced from the profit of the petrol bunk business and shown as income from house property? Will your answer change if the land on which the petrol bunk is hypothecated to Global Bank and is under loan?

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Thank you ma'am

Suraj Narayanan

Suraj Narayanan

Qualified CA

7K+

2

740

Purchasing course

Others

answered on 23-Jun-20 15:56

Can we avail ipcc (old) sm course for nov20 attempt

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Notes section

santhanu r

santhanu r

CA Inter

790

5

587

Bank reconciliation statement

Accountancy

answered on 21-Jun-20 12:33

Tell me an easy and meaning full way to enter transactions in brs

latest answer

You have to understand the essence of why an item is a reconciling item and whether it increases or decreases the book / bank balance. Please do not use shortcuts.

Anvitha Chippa

Anvitha Chippa

CA Final

1K+

1

621

What does this means

Corporate & Other Laws

answered on 21-Jun-20 12:47

A shareholder who buys shares ,does not buy any intrest in property of the company but in certain cases a writ petition will be maintainable by a company or its share holders

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Ok sir got it , thank u

Abhishek Purohit

Abhishek Purohit

CA Inter

10K+

2

789

What are important chapters to be learnt??

Information Systems

answered on 21-Jun-20 12:41

Weightage chapter in EIS for exam preparation??

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Oke!!

sanjay krishna

sanjay krishna

CA Inter

0

2

630

For Which all subject practice manual is recommended??

Exams

answered on 25-Jun-20 10:07

Iam ca inter new syllabus !! For which all subject it would be recommended to refer old syllabus practice manual??

latest answer

For practical subjects

sanjay krishna

sanjay krishna

CA Inter

0

6

699

Practice manual

Exams

answered on 20-Jun-20 12:39

Sir can we prepare practice manual of old syllabus for Nov 2020 attempt .Is it helpful?

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Thank you sir

tanuku nagarani

tanuku nagarani

CFA L1

2K+

2

770

Illustrations Capital Gain

Direct Taxation

answered on 20-Jun-20 17:14

Question no 4. ICOI, indexation held is 117(2005-06) Why sir take it as 100 160000*289/100

latest answer

Indexation 117 for 2005-06 is correct we will correct in vedio.

AKHIL KOSHY

AKHIL KOSHY

CA Final

7K+

1

700