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Accountancy
answered on 19-Sep-23 17:53
What is meant by substantial interest, and significant influence
latest answer
✔️ Substantial Interest means holding voting power of 20% or more. ✔️ Significant influence means power to participate in operating and financial policies of entity
Krishnan K
CA Inter
★ 5K+
1
443
Basic concepts
Direct Taxation
answered on 19-Sep-23 15:37
Here for this type of income , we need to tax @78%( 60%+25%+4%) irrespective of whether surcharge is applicable for such person or not Am I correct?
latest answer
Yes you are right
Krishnan K
CA Inter
★ 5K+
1
576
Example for D1 in rule 42 - ITC Computation
Indirect Taxation
answered on 21-Sep-23 17:23
Hello, Can anyone give me a real time example for D1 Computation- Where we can have a both taxable as well as non-taxable supply?
latest answer
A company manufacturing both taxable and exempt items. I have one client who manufactures Kumkum and also Haldi.
Chandu vadla
CA Final
★ 11K+
1
566
Basic concepts
Direct Taxation
answered on 24-Sep-23 19:15
If surcharge not comes , then marginal relief definitely will not come Is my statement correct?
latest answer
Right
Krishnan K
CA Inter
★ 5K+
2
509
Basic concepts
Direct Taxation
answered on 19-Sep-23 15:39
If surcharge not comes , then marginal relief definitely will not come Is my statement correct?
latest answer
Yeah.. since margin relief is provided because of surcharge only
Krishnan K
CA Inter
★ 5K+
1
480
Buy Back of shares ( Super limited)
Accountancy
answered on 19-Sep-23 13:00
When we check the debt equity test. Do we consider current liabilities as debt? Is current maturities of long term borrowings a non current liability.
latest answer
Yes, we should consider current liabilities as a debt. Current maturities of long term borrowings is a current liability, under other Current liabilities
Shamseer
CA Inter
★ 290
1
502
GTA in RCM
Indirect Taxation
answered on 21-Sep-23 17:24
Can a GTA provide service under both RCM and fcm For example for part of the customer they provide service under RCM And part of the customer at rcm
latest answer
No.
Sentoor Kumaran
CA Inter
★ 3K+
3
527
Cost of capital
Financial Management
answered on 19-Sep-23 10:47
Why cash inflow at 0 year in calculation of npv at two discount rate is shown as negative in brackets although this is an inflow for company?
latest answer
As interest rate increases, present value decreases and vice versa. Interest rate lower means PV of outflow is higher.
Atharv Sankliya
CA Final
★ 3K+
5
482
Rectification of Errors in the next Accounting Period
Accountancy
answered on 19-Sep-23 16:37
Relevant Account, Suspense Account and Profit & loss Adjustment Accounts are used to Rectify the Errors. In what scenario (nature of transaction) we should choose profit & loss Adjustment Account or Suspense Account.
latest answer
Relevant account before TB Suspense account after TB is prepared P&L Adjustment - After P&L is prepared
Siva Raman
CA Inter
★ 775
2
954
Material Cost
Costing
answered on 18-Sep-23 20:14
Why do we consider ₹5.75 instead of ₹6.10?
latest answer
Thank you Sir
Soon to be CA
CA Inter
★ 4K+
2
553