Forums
House property
Direct Taxation
answered on 08-Mar-20 14:59
Why there is a restriction on preconstruction period that is upto to the last 31 st march of construction completed period
latest answer
Say the house is completed in June 2020. So in P.Y 2020-21, the house is complete. We consider pre construction interest upto 31st march 2020. The current period interest is allowed as post construction interest.
Dimple Keziya
CA Inter
★ 4K+
1
773
Amendments
Direct Taxation
answered on 08-Mar-20 18:17
I've heard that, for Nov 2020 exam there should be 149 amendments in direct tax alone. Is this true?? If true, when those amendments will be incorporated in Nov 2020 DT course??
latest answer
Not yet released
Stalin V
CA Inter
★ 0
4
747
Procedure for incorporation
Corporate & Other Laws
answered on 26-Mar-20 16:46
Mam meaning to the last sentence
latest answer
A correspondence address is a temporary address where you need correspondence sending
Dimple Keziya
CA Inter
★ 4K+
2
804
GTA concept
Indirect Taxation
answered on 11-May-20 19:13
GTA is applicable to only intra state movement of goods IS THIS STAMENT IS CORRECT R NOT
latest answer
GTA includes both Inter-state and Intra-state movement of goods. so the statement was incorrect.
Dimple Keziya
CA Inter
★ 4K+
11
776
Inventory
Accountancy
answered on 07-Mar-20 11:13
Sales tax is not allowed to cost of inventory and also packing and transporting charges should not be included in the cost of invt as they do not include in other cost
latest answer
When you purchase goods, sales tax paid (currently GST) will form part of cost of inventory if credit of tax is not allowed. Also the cost incurred in packaging and transportation (on purchased goods) to bring the inventory to your location would be a cost of inventory.
Dimple Keziya
CA Inter
★ 4K+
1
725
House property
Direct Taxation
answered on 07-Mar-20 11:14
What is the main purpose to give house construction details
latest answer
To compute pre construction interest if any.
dayanand d
CA Inter
★ 2K+
1
810
Should I purchase or wait.?
Information Systems
answered on 07-Mar-20 11:54
I want to purchase EIS lectures , but I am confused either to purchase or not , because of the ammendments , so now what shall I do...? Should I purchase the existing lectures or wait till they are updated
latest answer
Okay . Thank you
Rajath Tumma
CA Final
★ 2K+
4
696
Investment accounts
Accountancy
answered on 13-May-20 10:18
Sir, in below problem in question given that interest is received on 30th September. Then if we sold debentures in october how interest will come.
latest answer
Business purchase account is prepared to incorporate assets and liabilities and settle the purchase consideration. You will learn it in depth in Amalgamation of companies chapter.
Star Ca
CA Inter
★ 3K+
3
790
Time table
Exams
answered on 09-Mar-20 12:37
What are the best way to make time table for cma inter for working student?
latest answer
You know your circumstances and lifestyle better than anyone else. So, you are the best person to decide how to study and when to study. Just utilize your time efficiently keeping some buffer for any contingencies.
Aman Maithani
CMA Inter
★ 0
1
806
Investment accounts
Accountancy
answered on 07-Mar-20 17:01
Sir, when convertiable debentures are converted into equity shares, why we credit investment in equity sharesa/c . In invenstment in bonds ledger a/c
latest answer
No we don't credit , the journal entry is Investment in equity shares A/c debit To bond/debentures AC
Star Ca
CA Inter
★ 3K+
1
663