Forums
Profit or loss pre and post incorporation
Accountancy
answered on 10-Sep-23 17:05
Sir why the pre- incorporation profit is taken to capital reserve and loss is taken to Goodwill ? What is the logic or reason behind it?
latest answer
Loss means net assets are lower and we pid higher. Hence goodwill. You will understand in Amalgamation
GOKULALAKSHMI PANNEER
CA Final
★ 2K+
1
322
Business Combination
Financial Reporting
answered on 11-Sep-23 12:00
Hello Sir, What is the relevance of replacement award fair value given in this adjustment? Will the fair value of the replacement award be considered anytime for computations?
latest answer
Yes. Part of it will be for period completed and remaining will be for post acquisition period.
Suresh Avinash
CA Final
★ 3K+
1
338
Dearness Allowance (forming part of retirement benefits
Direct Taxation
answered on 10-Sep-23 17:36
Dearness allowance is 10000 (60% is forming part of retirement benefits) while calculating salary for gratuity, do we need to consider DA for 10000 or 6000 Any different consideration when Assessee is covered under payment of gratuity act 1972 and not covered under payment of gratuity act
latest answer
😇😇
SreeSree Vedu
CA Inter
★ 8K+
3
1K+
Residential status
Direct Taxation
answered on 11-Sep-23 15:07
In this sum ,only change is,if ship is leaving India on 10 th June . As per my knowledge, we check the date of joining till date of signing off and for such period we treat as if he is not india. Date of ship leaving India is not relevant Am I right sir
latest answer
Date of joining till date of signing off shall be excluded for calculating number of days in India.
Krishnan K
CA Inter
★ 5K+
4
438
Income tax disallowance
Direct Taxation
answered on 11-Sep-23 12:01
A company showed loss on sale of assets in it's Financial statements.. Is the Same disallowed under income tax act.. Why??
latest answer
You have a separate computation for capital gains under income tax
Sai Teja
CA Final
★ 14K+
2
404
National Income Accounting
Economics
answered on 15-Sep-23 09:39
What is the meaning of "current" transfers here ???
latest answer
Thank you sir
Neha Baliga
CA Inter
★ 16K+
2
388
National Income Accounting
Economics
asked on 10-Sep-23 10:34
What is the meaning of "current" transfers here ???
latest answer
No answers yet!!
Neha Baliga
CA Inter
★ 16K+
0
425
General doubt
Economics
answered on 10-Sep-23 22:45
Sir regarding ca foundation economics I have started watching lectures and preparing notes from lectures and revising them in daily basis is this enough or I have to study icai module or indigolearn pdf material after completing of lectures please give some tips and guidance sir 🙏🙏
latest answer
OK thank you 😊
sai t
CA Foundation
★ 2K+
3
445
As-20 eps
Accountancy
answered on 11-Sep-23 10:32
Sir, Example : (jan-dec) 1000 shares issued on jan-1 2000 shares issued on march-1st. Bonus issued 1:2 on Aug-1st.for above shares... [ ••PERIOD WEIGHT FACTOR•• ] What date should we consider For "bonus shares" weighted avg calculations (WANES) related to "2000" shares issued on march-1st... (when there are no shares issued in PY) From beginning of the year or... From march-1st.. ?
latest answer
Means not converted and will not be converted in future.
Divya K
CA Inter
★ 885
3
347
Labelling
Corporate & Other Laws
answered on 12-Sep-23 22:47
Dear Team, I have a question on Labelling topic. Is it also required by companies to mandatorily quote their GSTIN No on the banner, similar to mention of CIN No. Thanks.
latest answer
Thanks Suraj Sir !!
Namrata Lall
CA Inter
★ 0
5
448