Additional illustrations

answered on 18-Aug-21 15:20

Sir I have may 21 material. But in many concepts there are Additional illustrations which is not in the material. Where can I get the additional illustrations pdf?

latest answer

thank u sir

Vijay Ramesh

CA Final

★ 765

5

282

Income

answered on 18-Aug-21 11:05

When husband give 2 lakhs to wife that amount wife invested in her business Which provision apply clubbing provision or gift from relatives (exempt)

latest answer

Thanks

INDRAJITH S

CA Inter

★ 5K+

2

243

Profit and gain of business or profession

answered on 17-Aug-21 19:00

Under the depreciation topic If asset is purchased and Used( PY 2019 to 2020) for less than 180 days in the previous year depreciation is valid only for 50 % of this prescribed rate , remaining 50% depreciation amount is available in subsequent year What I doubt in this topic is (PY 2020 -2021) current year depreciation rate is allowed for full rate or half of the rate of depreciation

latest answer

OK thank you sir

venkatesh sundharamoorthy

CA Final

★ 34K+

2

322

Reserves & surplus

answered on 17-Aug-21 10:33

We transfer profit or loss to reserves & surplus.. R&s indicates that we can operate business from those funds? What does r&s actually mean

latest answer

They are the cumulative amount of retained earnings recorded as a part of the Shareholders Equity. They may be used for general purposes (General reserve) or specific purpose.

vasabattula abhinav

CA Final

★ 85

1

319

Deduction s

answered on 17-Aug-21 11:21

Outside India without deduction of TDS expenses fully disallowed (40(a)) In India resident without deduction of TDS expenses 30% disallowed But above both of changed finance act 2020 both case 30% only disallow But in IFOS Sec (58) without deduction of TDS 30% DISALLOW ALSO NOT eligible is this correct or not if any pls provid your interpretation

latest answer

Thank you

INDRAJITH S

CA Inter

★ 5K+

8

330

Salary

answered on 16-Aug-21 16:37

Managing director and other director difference If both of them under head of income is salary or IFOS IF both of applicable to deduct TDS which section 194j or 192(slab rate)

latest answer

Thanks

INDRAJITH S

CA Inter

★ 5K+

2

293

Not deducted edi,pf then disallowance?

answered on 16-Aug-21 09:58

1.if esi pf is not deducted then will we disallow entire salary expenditure?? 2.if deducted pf and not deducting pf will still entire salary gets disallowed??

latest answer

If he has not deducted then he would liable for interest & also penalty in some cases

vasabattula abhinav

CA Final

★ 85

6

340

Tds appicablity on annual subscription paid for software uses

answered on 16-Aug-21 10:47

Sir , is it Tds is applicable on annual subscription paid for software uses and here there is a contract Between service provider and person who paid annual subscription contract is for consultancy regarding software uses

latest answer

Thanks sir

DEEP VICKY

CA Final

★ 685

2

362

Gyms to be registered as ???

answered on 15-Aug-21 13:07

Gyms generally we see are to be registered under society or company or firmcan anyone explain with reasons.??

latest answer

Then please ask your principal. We clear subject based queries for students. We cannot respond to all practical real life queries that you face on a day to day basis during arircleship or otherwise. Your principal is best person to guide you

vasabattula abhinav

CA Final

★ 85

5

282

Society vs trust vs ngo vs aop vs boi

answered on 16-Aug-21 10:21

Can anyone explain their differences?? As they have respective acts..what will be the main difference among these for opting..what to be taken the core criteria for either going for society,trust etc??

latest answer

Each form of organization has advantages, disadvantages, risks, rewards, control, taxation. For benefits and costs of registering under each form of organization depends upon various things.

vasabattula abhinav

CA Final

★ 85

1

365