Forums
Capital gains
Direct Taxation
answered on 02-Oct-23 00:42
When liquidated assets include agricultural land will it be taxable in the hands of shareholders
latest answer
As per the court ruling, it is taxable.
Ramya Telikicherla
CA Final
★ 6K+
5
502
FSCM
Electives - Final
answered on 02-Oct-23 10:53
Difference between Depository Participant and Custodian ? What are their respective roles in Financial Market?
latest answer
Refer page 6.03 & & 6.21 https://resource.cdn.icai.org/65589bos52876parta-cp6.pdf
Aswath Natarajan
CA Final
★ 2K+
1
474
Pgbp
Direct Taxation
answered on 02-Oct-23 08:43
If person x has paid 6k to y and 9k to z then u/s 40A(3) is it allowed as deduction or not
latest answer
Ok sir thank you
Ramya Telikicherla
CA Final
★ 6K+
6
446
3 sector economy
Economics
asked on 01-Oct-23 16:26
why in illustration 38 for computing sub question (a) Expenditure multiplier - we computed the new value for b/MPC, but not taking the given value 0.5 as b/MPC. In illustrations 22, 37 we solved the same multiplier using the given b/MPC. in that question also there is Yd
latest answer
No answers yet!!
Muhammed Salih
CA Inter
★ 18K+
0
442
Investment acc
Accountancy
answered on 04-Oct-23 16:21
Current investment should be valued at lower of COST or fair value. Here cost means historical cost or carrying cost
latest answer
Thank you
Krishnan K
CA Inter
★ 5K+
6
459
Please help
Corporate & Other Laws
answered on 02-Oct-23 10:33
What is the answer and why?.................
latest answer
Thanks ma'am 😊
Remya Raveendran
CA Inter
★ 270
7
788
Investment account
Accountancy
answered on 04-Oct-23 16:12
Investments are assets held by an enterprise for earning income by way of dividends, interest and rentals, for capital appreciation, or for other benefits to the investing enterprise What Does other benefits means, does it include non monetary/financial benefits
latest answer
Yes
Atharv Sankliya
CA Final
★ 3K+
23
536
Doubt
Financial Reporting
answered on 05-Oct-23 13:50
At the end of its financial year, Company P has 100 units of inventory on hand recorded at a carrying amount of Rs.10 per unit. The current market price is Rs.8 per unit at which these units can be sold. Company P has a firm sales contract with Company Q to sell 60 units at Rs.11 per unit, which cannot be settled net. Estimated incremental selling cost is Rs. 1 per unit. Determine the Net Realisable Value (NRV) of the inventory of Company P. Pls Anyone answer this question..🙏🙏🙏
latest answer
Calculate the NRV for the 60 units under the firm sales contract with Company Q: NRV for 60 units = (Selling Price - Selling Cost) x Number of Units 600 Calculate the NRV for the remaining 40 units at the current market price: NRV for 40 units = (Market Price - Selling Cost) x Number of Units 280
Dhanu Shree
CA Inter
★ 0
3
657
3 sector economy
Economics
answered on 01-Oct-23 16:18
how to solve the (C) using investment multiplier equation. in class it solved using Y= C+I+G
latest answer
sorry not that C (consumption) . how the sub question (C) - Find the equilibrium level of income when investment increases by 120 crores, can solve using investment multiplier equation. in class it solved using ( Y= C+I+G ) the new investment
Muhammed Salih
CA Inter
★ 18K+
2
478
MCQ
Direct Taxation
answered on 01-Oct-23 10:30
It's ans is option "a" how... plz show calculation
latest answer
Thankyou 👍🏻
Rifhat Khan
CA Inter
★ 28K+
2
443