Forums
TDS.
Direct Taxation
answered on 09-Dec-24 11:33
1.Mr.Vishnu A indian Resident is Due received ₹ 9 lakh on 31.3.2024. towards the maturity precedes of policy taken on 31.3.2015.for which sum assured is ₹ 7.5 lakh. And the premium is ₹2500 per month. Case : 2 Mr.Ganesh withdrew ₹1.25 cr from the SBI on 21.7.2023. Mr Ganesh failed to furnish the return for the last 4 years. Case : 3 Mrs. Laxmi and Mr. Vishnu is the joint owner of the plant & machinery. Their share in plant & machine 2:8. This machine gives Mr. Taxak For ₹5 Lakh as a lease. Case 4 : MR. Ram is the owner of the land of saputara village. He sells those land to Mr. Shiv for ₹ 13.5 Cr and stamp duty value ₹ 15 Cr. In the above all cases assume that : Turnover exceeds the ₹1 Crore. Discuss the Taxability Of TDS.
latest answer
Apply Section 194DA, Section 194N and Section 194IA and Section 194I.
Rana Darshan
CA Final
★ 810
1
541
MCQ_ Ind AS 7
Financial Reporting
answered on 09-Dec-24 21:53
Sir , in this question I think both answer are correct c and d as I totally agree that depreciation won't be included in operating but neither interest will be included in operating. Kindly explain if I am right or something is wrong in my understanding.
latest answer
Ok sir
Hrishikesh Pradhan
CA Final
★ 18K+
3
482
Rectification of errors
Accountancy
answered on 10-Dec-24 07:05
Goods worth Rs 1000 were sent on sale or return basis to customer and entered in the sales book. At the close of the year the customer still had the option to return the goods . The sale price was 25 Percentageabove cost
latest answer
Thank you sir
Bindhupriya S Bindhupriya S
CA Foundation
★ 2K+
2
251
Baggage
Indirect Taxation
answered on 09-Dec-24 11:34
Sir what if a passenger purchases Platinum or Diamond Articles?
latest answer
Same concept. Only the benefit of GFA i.e., General free allowance would apply.
P AKSHAYA
CA Final
★ 260
1
222
Types of evidence
Auditing
answered on 09-Dec-24 18:27
In material Visual evidence Oral evidence All these are not available in physical copy
latest answer
Will check it, its a part of SA 500. evidence classified based on nature- oral, visual and written
Eswar Aakash
CA Inter
★ 57K+
3
515
MCQ- INDAS 34
Financial Reporting
answered on 09-Dec-24 22:19
Sir. Could not understood it's calculation, my calculation is getting somewhere wrong .
latest answer
Okk understood sir !!
Hrishikesh Pradhan
CA Final
★ 18K+
4
440
MCQs- Indas 34
Financial Reporting
answered on 09-Dec-24 21:56
Sir , Q1 and Q5 both are contradicting itself. How it can be correct. Kindly explain the correct answer and treatment.
latest answer
Noted Sir, Thank You
Hrishikesh Pradhan
CA Final
★ 18K+
2
483
18:03 to 18:10 u says profits of 12500 kaha se aaya sir
Accountancy
answered on 09-Dec-24 15:51
18:03 to 18:10 u says profit of 12500 kaha se aaya sir
latest answer
Consider it 10,000
R G
CA Inter
★ 9K+
1
457
Sorry not 1500 it's 12500
Accountancy
asked on 08-Dec-24 15:09
Sorry not 1500 it's 12500 kaha se aaya sir
latest answer
No answers yet!!
R G
CA Inter
★ 9K+
0
715
Charges-Composition scheme
Indirect Taxation
answered on 09-Dec-24 11:35
Why in Q14 ,section 10(2A ) doesn't apply As the turnover in the PFY is within the prescribed limit (i.e,50 L) Why composition scheme is not available for the assess
latest answer
Notification has been brought into ACT by inserting Section 10(2A). It is outdated answer.
Ramya Nagarajan
CA Final
★ 1K+
1
434