Forums
Difference
Corporate & Other Laws
answered on 07-Sep-23 12:30
What is the difference between company and body corporate
latest answer
Every incorporated company is a body corporate but every body corporate need not be a company There are many body corporates which are not incorporated as companies eg: lic of India Societies registered under society registration act is not body corporate though it contains some features of body corporate..
Sri ram Pothineni
CA Inter
★ 11K+
3
669
Doubt
Accountancy
answered on 07-Sep-23 07:33
Commission will be written in profit and loss account only when it is paid but why Commission Payable is written in profit and loss as it has to paid to manager but I have a doubt that generally we follow accrual concept of accounting so it should be still added to p& l but I have a doubt that in general we write only current year expenses and income in p& l accounts na as per matching concept but we should use both accrual and matching concept and prudence concept for preparing final accounts ?? Prudence concept is for calculation of anticipated loss for example provision for bad debts and doubtful debts
latest answer
OK sir 🙏🙏
sai t
CA Foundation
★ 2K+
4
461
Eligibility of Member and nominee of one person company
Corporate & Other Laws
answered on 07-Sep-23 13:29
If a person for example ramesh is not a citizen of india and he is non resident He can eligible for member or not ?? Please tell me with reason
latest answer
Thanks
siddesh N
CA Inter
★ 4K+
6
560
number series
Maths & Stats
answered on 09-Sep-23 14:03
28,33,31,36,34,? explain briefly about it sir
latest answer
39
RAVITEJA MERUGU
CA Foundation
★ 740
2
400
Change of registered office one state to an other
Corporate & Other Laws
answered on 06-Sep-23 11:11
Sir if a company change its registered office karnataka to New Delhi Company files the certified copy of order by central government to ROC of karnataka or new Delhi ??
latest answer
Sorry such CG approval has to be sent to both registrar
siddesh N
CA Inter
★ 4K+
2
469
Capital gain
Direct Taxation
answered on 06-Sep-23 17:38
Which provision is applicable in this......from where this 24 months limit has taken
latest answer
Since for land and building if it’s held for less than 24 months it is short term and more than 24 months it is long term
Rifhat Khan
CA Inter
★ 28K+
2
390
Basic concepts
Direct Taxation
answered on 06-Sep-23 17:43
After Basic tax what order we need to follow Marginal relief,rebate, surcharge,HEC, PLEASE ARRANGE IN ORDER
latest answer
Thank you sir 😊
Krishnan K
CA Inter
★ 5K+
2
454
PGBP
Direct Taxation
answered on 06-Sep-23 17:54
From where the penalty for late payment of interest came??..... Inadmissible explenses 5000₹
latest answer
Not really sure whose book you are referring to.
Taniya Thakur
CA Foundation
★ 1K+
1
375
PGBP
Direct Taxation
answered on 06-Sep-23 07:38
Can anyone tell how this depreciation is charged here in this question??
latest answer
30 percent for persinal purpore it means remaining 70 percent is for business in pgpb only business related expenses allowed so allowable depreciation is 5000×70%=3500.
Taniya Thakur
CA Foundation
★ 1K+
1
513
House property
Direct Taxation
answered on 06-Sep-23 21:16
Here why have we considered interest prior to 1-7-23 as the ownership and possession is taking place from 1-7-23 ? Is this due to acquisition / construction completion in between the year ? And why have we considered interest prior to 1-4-23 ? Is it Because the loan is taken in the year prior to the year in which she acquired the property ? Kindly explain the reasons
latest answer
Thank you sir
Samridhi Sareen
CA Inter
★ 830
5
436