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Sir one doubt sir in alc cash flow chapter
Accountancy
answered on 07-Aug-23 08:34
S
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What is the doubt?
R G
CA Final
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1
543
Basics
Direct Taxation
answered on 06-Aug-23 21:55
Question 5? Am I wrong? The answer was b in key.
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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
CA Inter
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6
516
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....
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Ok sir
Balachandar S
CA Inter
★ 59K+
4
590
Income from House property
Direct Taxation
answered on 08-Aug-23 14:01
How to calculate for 35 the question?
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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
CA Inter
★ 7K+
12
642
Banking co
Accountancy
answered on 06-Aug-23 08:29
In the question below I attached the answer... I understand the question except Which is 11,485 amounts, which is there in the Sch- 13.... I.e interest and discount....... Amt...... How 11,485 Rs can anyone explain with logic i attached with an answer for reference.... Kindly tell me pls
latest answer
Adjusted means subtracted. So, we are adding back.
Balachandar S
CA Inter
★ 59K+
3
590
Rebate u/s 87A
Direct Taxation
answered on 06-Aug-23 13:11
For persons opting Sec 115BAC the rebate exemption limit is Rs.7,00,000 & for others it’s ₹ 5,00,000 am I right?
latest answer
Exactly. If the total income is slightly beyond 7 Lakhs and tax is higher than income then also marginal relief is allowed.
Soon to be CA
CA Inter
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3
663
Kindly help me with this sum....
Accountancy
answered on 06-Aug-23 07:54
In the question below I attached the answer... I understand the question except Which is 11,485 amounts, which is there in the Sch- 13.... I.e interest and discount....... Amt...... How 11,485 Rs can anyone explain with logic i attached with an answer for reference.... Thanks in advance 😄
latest answer
In the given question, it is given that some of the items are already adjusted with "interest and discount". So, we should add back the non-relevant items to "interest and discount". Interest and discount = 10,225 (given) + 740 (Tax provision) + 460 (Provision for doubtful debts) + 60 (Loss in sale of investments) = 11,485
Balachandar S
CA Inter
★ 59K+
3
570
INDAS - 116
Financial Reporting
answered on 06-Aug-23 09:52
We need to revise discount rate when there is changes in lease term In illustration 37, While calculating revised lease liability due to reduction in lease term by 8 years, why we won't considered revised discounting rate.
latest answer
Its not reassessment of term
karthick raja
CA Final
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1
663
ECGC. / DICGC
Accountancy
answered on 05-Aug-23 20:59
Could any one explain to me that 4.3.1 in simple terms... Pls...
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Thanks JK Well understood 🙂
Balachandar S
CA Inter
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4
731
Done AdvITT but Not MCS. I want to appear for Nov 2023
Others
answered on 06-Aug-23 07:47
Hello sir, I'm Done AdvITT but Not MCS. I want to appear for Nov 2023 but ICAI branch in my city (Visakhapatnam) is postponing the batch. They said they will again postpone the batch and keep it after exams. What can i do to appear in Nov 2023 exams?
latest answer
You may complete MCS in some other branch that is near to your place.
Rahul Chandramouli
CA Final
★ 600
2
757