Forums
Tax rate and provision
Direct Taxation
answered on 23-Aug-23 11:43
Red ltd (non resident) received a long term capital gain amounting to ₹1.9 lakhs on sale of debenture of green ltd, an Indian company, subscribed in us$ What is the applicable provision and tax rate?
latest answer
Don't say blindly taxable under 54 series @20%, there the assessee is non resident and Nature of assent transferred is debentures ..if it has to come under 54series it should 54F but 54F applies only to ind/HUF
nazriya nasar
CA Final
★ 7K+
4
564
Answer writing
Corporate & Other Laws
answered on 14-Sep-23 19:45
For 5 marks theory question in law, is 5 sub points and their explanation enough or we have to write all sub points and it's explanation in the text book or Do we have to explain 5 sub points and only write sub headings for other points?
latest answer
Thank you sir
Jasna Jaleel
CA Final
★ 170
2
704
UNDERWRITING OF SHARES
Accountancy
answered on 24-Aug-23 08:32
Will my answer change if the firm underwriting is treated as Marked application??
latest answer
Yes. And genereally they are treated as marked applications only.
Prathmesh Kharul
US CMA All
★ 6K+
1
464
UNDERWRITING OF SHARES
Accountancy
answered on 24-Aug-23 08:21
Why is total liability multipled with 10 (total liability*10) ??
latest answer
Should have been 100
Prathmesh Kharul
US CMA All
★ 6K+
3
449
Departmental accounts
Accountancy
answered on 26-Aug-23 13:14
There are two ways of solving ,which to follow In illustration 7 the markdown value of stock is taken to P & L through stock memorandum account ,in practice sum 4 the same is adjusted both in memorandum as well as markup account Which way to follow
latest answer
Both are fine.
Ramya Nagarajan
CA Final
★ 1K+
1
551
Allowance
Direct Taxation
answered on 23-Aug-23 09:27
Professional development allowance is exempt or taxable
latest answer
Fully taxable
GOKULALAKSHMI PANNEER
CA Final
★ 2K+
2
584
Dynamics of competitive strategy
Strategic Management
answered on 24-Aug-23 08:52
Can anyone explain the differences between capabilities, competency and core competency?
latest answer
Capabilities encompass the broader range of skills and resources an organization possesses. Competency focuses on the specific skills and attributes of individuals or teams. Core Competency highlights the unique strengths and strategic advantages of an organization that contribute to its competitive edge. To give you an analogy, think of a company as a toolbox. The tools inside the toolbox (competencies) contribute to the company's ability to perform various tasks, and the toolbox itself (capabilities) represents the overall range of tools available. Among those tools, there might be one or two specialized tools that the company is particularly skilled at using, and these tools could be considered the core competencies that truly distinguish the company from its competitors.
Vignesh P
CA Final
★ 200
1
694
Urgent doubt Plz help
Accountancy
answered on 23-Aug-23 08:43
where do we classify interest receivable on fd as per schedule 3 of Accounting standards(AS) balance Sheet.. All the fd's maturity is beyond 1 year from balance sheet date..
latest answer
Then non current
Sai Teja
CA Final
★ 14K+
3
510
Foreign Trade Policy - 2023
Indirect Taxation
answered on 23-Aug-23 15:56
Hello Sir, I would like to know whether the FTP chapter classes have been updated in alignment with the Foreign Trade Policy of 2023 Thank you
latest answer
Hi. Yes it is. Only RODTEP few points to be inserted. We will do that shortly. Actually, the point to be noted is that in other schemes there are not much of changes compared to earlier policy.
MOHAMMED THAYYAB
CA Final
★ 5
1
607
Realised yield approach
Financial Management
answered on 24-Aug-23 11:16
Please explain this sum which contains one of the type of realised yield approach formula (other than IRR) IN DETAILED MANNER IN LAYMAN TERMS . Illustration 11
latest answer
Total return = Cap gains + Dividend So cap gains i.e increase in share price has to be considered
SAI AKASH GORU
CA Final
★ 750
4
561