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answered on 07-Aug-23 17:07

I am ca intermediate existing student foundation route can I convert into new course

latest answer

Yes.

siddesh N

siddesh N

CA Inter

★ 4K+

4

482

Foundation results

Exams

answered on 07-Aug-23 20:51

Ca we expect the results by today itself

latest answer

Results declared

Sruthi sruthi

Sruthi sruthi

CA Final

★ 640

3

601

Capital gains - S.2 (47) - Transfer

Direct Taxation

answered on 08-Aug-23 13:49

Please give me an example for "extinguishment of rights"

latest answer

When any company reduces the share capital by way of reducing the face value of shares or by way of paying off part of the share capital, it amounts to extinguishment of the rights of the share holder

Girinath A

Girinath A

CA Inter

★ 765

1

588

Salaries

Direct Taxation

answered on 10-Aug-23 11:31

3rd question? I am getting d answer but the answer was b.may I know the crct calculation?

latest answer

Got it thank you

Ujwal Reddy

Ujwal Reddy

CA Inter

★ 7K+

3

567

Account And Records

Indirect Taxation

answered on 08-Aug-23 15:57

Sir, I have one general doubt As per Sec 36 retention period of books is 72m from the due date of Annual Return. For FY 17-18 due date of annual return is 7th Feb 2020 so they must maintain records of 17-18 from 7th Feb 2020 or 31st dec-17 please give clarity

latest answer

Law specifies 72 months from due date of filing annual return. Accordingly, it should be counted from extended due date only logically.

Surya Prakash

Surya Prakash

CA Final

★ 19K+

1

485

Capital Gains

Direct Taxation

answered on 17-Aug-23 11:11

If a partnership entered into JDA(as a land owner ) will capital gains arise in the hands of partnership firm ?? If not how to account income accruing from JDA ??

latest answer

If its stock in the course of business trade, then its PGBP.

Pavann Reddy

Pavann Reddy

CA Final

★ 31K+

9

576

Sir one doubt sir in alc cash flow chapter

Accountancy

answered on 07-Aug-23 08:34

S

latest answer

What is the doubt?

R G

R G

CA Final

★ 9K+

1

533

Basics

Direct Taxation

answered on 06-Aug-23 21:55

Question 5? Am I wrong? The answer was b in key.

latest answer

Thank you. For less than or equal to 1cr no need of any surcharge but I included so I got wrong answer. Now clarified tq so much.

Ujwal Reddy

Ujwal Reddy

CA Inter

★ 7K+

6

510

Adv accs

Accountancy

answered on 08-Aug-23 17:55

In the image below while calculating revaluation Reserve why are we discounting 55%.... Remove Why can't we take any other % like 40% or 50%.... Is there is any specific reason to take 55% if yes... Explain with logic....

latest answer

Ok sir

Balachandar S

Balachandar S

CA Inter

★ 59K+

4

583

Income from House property

Direct Taxation

answered on 08-Aug-23 14:01

How to calculate for 35 the question?

latest answer

Date of loan 1//4/18 Date of construction completed - 15/3/22 (within 5 years) loan taken 600000 Interest Rate 12% so interest per annum 72000 House for rent Prior period interest p.a for 5 years (1/4/2018 to 31/3/21, year prior to construction completion) ) = [72000*3]=43200 Current year interest = 72000 Total interest dedcutino u/s 24(b)=115200

Ujwal Reddy

Ujwal Reddy

CA Inter

★ 7K+

12

636