Deb trustee

asked 35 mins ago

Is it read as 2% of gross turnover Or total income amount Or rs50lac Cause gross turnover and total income are diff ? Where am i wrong

latest answer

No answers yet!!

Sushmita Chowdhury

CA Inter

★ 715

0

4

deb trustee

asked 1 hr ago

"can't be deb trustee= who has furnished any gaurantee in respect of principal debts secured by the debentures or intrest thereon" meaning of this ? Maam pls correct where im wrong Sec71 = CO ISSUE DEB to deb hr in this point it said DEBTOR ISSUED DEBENTURE to Co as a security ? + the debtor also appointed a gaurantor ? n tht gaurantor can't be deb trustee ?

latest answer

No answers yet!!

Sushmita Chowdhury

CA Inter

★ 715

0

9

AS 20 MCQ

answered 29 mins ago

What is the solution of MCQ 1?

latest answer

Option c 116667/- For first six months 1lakh*6/12=50k For next 2 months 1.5lakh*2/12=25k For next 4 months 1.25 lakh*4/12=41667

Sagar Kathuria

CA Inter

★ 2K+

1

16

GENERAL CLAUSES ACT

answered 5 hrs ago

What is the meaning of "previous publications " in law?

latest answer

1897

Dhivyaa Latha

CA Inter

★ 4K+

1

21

Holding subs

answered 14 hrs ago

Co BLtd holding Co Altd Subsidiary Co CLtd So therefore ALtd is deemed subsidiary of CLtd DLtd is subsidiary of CLtd Like this continue till ZLtd Till till how much subsidiary will consider ALtd as deemed holding ?

latest answer

No such limit of layers of subsidiary specified in law

Sushmita Chowdhury

CA Inter

★ 715

1

20

194N withdrawal of cash from bank

answered 2 hrs ago

Under 194N if withdraw more than 20L is subjected to TCS .so if an individual withdraws 10L per day for two times is TCS still applicable?

latest answer

There are 2 scenarios here: 1. if cash withdrawal amounts to more than 1cr. in PY only then TDS u/s 194N will apply. 2. In this case, the assessee has not returns for all 3 PYs then the above threshold limit of 1 cr. will come down to 20Lakhs for a PY. So even if the assessee withdraws 10L per day twice in a PY, this would still amount to 20L and hence it does not come under any of the two above conditions and TDS u/s 194N will not apply.

Gokul Nath

CA Inter

★ 0

1

37

Case scenario MCQ booklet ICAI

answered 16 hrs ago

Sir from where we can get Case scenario MCQ booklet, in icai website under new scheme it is not available, and bos also old scheme pdf available

latest answer

You can refer to specific books which are issued by specific teacher Just like there is a web site called CAINDIA where they provide all amended answers

R Yashwanth Kumar

CA Final

★ 71K+

1

29

Journal Entry at the time of Payment

answered 24 hrs ago

Sir, The journal entry at the time of payment is Bank A/c Dr 1,21,000 To Customer A/c 1,21,000. But in the video, it is appearing as Bank A/c Dr 1,21,000 To Interest 1,21,000 (Video Clip at 8:00) (1,10,000 * 10%)

latest answer

Will check. Thanks foe highlighting

Antara MuraliKrishnan

CA Final

★ 3K+

1

34

BRS

answered 16 hrs ago

Can we do rectification of errors in BRS

latest answer

It totally depends on the question whether rectification is required or not 👎🏻

Ornitha Shree U

CBSE XI

★ 0

2

25

BRS

answered 19 hrs ago

Why do everybody, even those who don't have a business get pass book? If bank is giving pass book to us why can't they make it look as per our books of accounts(debit for receipt and credit for payments)? Is there any legal use for BRS?

latest answer

when you withdraw money from bank For you its receipt, for bank its payment. Bank is giving statement/passbook as it appears in their book

Ornitha Shree U

CBSE XI

★ 0

1

17