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Corporate & Other Laws

answered on 25-Jul-23 13:57

Meaning of 3 rd point

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Thanks mam

Prasanth Kumar

Prasanth Kumar

CA Inter

★ 13K+

2

2K+

Overhead chapter

Costing

answered on 25-Jul-23 10:36

In secondary distribution, Explain how non reciprocal method happens?

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Step down method or elimination method ignores the concept of ‘reciprocal services’ Under this service department costs are allocated in turn to production departments and to other service departments. But no further costs are allocated to a service department once its costs have been allocated. Reciprocal services use Repeated Distribution method - primary distribution of overheads is made to production and service departments on regular basis, then, service department costs are repeatedly allocated in the specified percentages. It continues until all the service costs have been fully transferred into the production departments.

Krishnan K

Krishnan K

CA Inter

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1

576

Deductions

Direct Taxation

answered on 25-Jul-23 11:14

Is it required to add Employers contribution to NPS with Gross salary?? To claim deduction u/s 80CCD(2) .... Which is limited to 10% of Basic Pay amd DA..??

latest answer

Yes

parvesh s

parvesh s

CA Final

★ 2K+

1

556

Strategic management process

Strategic Management

answered on 25-Jul-23 12:11

Answer is given as strategic implementation. Could you explain why?

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Thank you

Punitha Krishnaraj

Punitha Krishnaraj

CA Final

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2

592

HSN digits mentioned on tax invoice

Indirect Taxation

answered on 25-Jul-23 13:40

Is there any amendment regarding the number of HSN digits to be mentioned in tax invoice as in study material there is no threshold of 1.5 cr however in class 1.5 cr threshold was discussed

latest answer

If turnover is upto 5 crore then 4 digit. If it is more than 5 crore then it is 6 digit.

Suresh Avinash

Suresh Avinash

CA Final

★ 3K+

2

564

Scholarship

Others

answered on 25-Jul-23 12:39

Is the need cum based scholarship scheme available under the new scheme of education? Is anyone here who is a final student applyied for a scholarship?

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Yes

Balaji R

Balaji R

CA Final

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1

501

Rent free accomodation

Direct Taxation

answered on 25-Jul-23 11:48

What is included in salary for the calculation of rent free accomodation?

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Thank you

Sucheta Ghosh

Sucheta Ghosh

CA Inter

★ 0

4

500

Bank audit

Auditing

answered on 25-Jul-23 11:40

Plz explain this point with help of numeric example.

latest answer

Deposits - 10L @5%, 20L @4%, 50L @5.5% so compute weighted average =5.06 Interest actually paid 4.2L for deposits over 81L so the avg rate is 5.185 compare rates from both the computations, enquire if material difference

Sugam SM

Sugam SM

CA Final

★ 9K+

1

510

Income from salary

Direct Taxation

answered on 27-Jul-23 15:45

I have posted my answer and the book question. Can anyone please correct my mistakes.

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What is the total answer you got.

Sucheta Ghosh

Sucheta Ghosh

CA Inter

★ 0

1

613

Deductions

Direct Taxation

answered on 25-Jul-23 14:10

In case of mr c he took loan from deposit taking nbfc which is not allowed as per above definition. How did he get deduction

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Financial institution includes deposit taking NBFC Sec 80EEB(5)(b) "financial institution" means a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies, or any bank or banking institution referred to in section 51 of that Act and includes any deposit taking non-banking financial company or a systemically important non-deposit taking non-banking financial company as defined in clauses (e) and (g) of Explanation 4 to section 43B.

Prasanth Kumar

Prasanth Kumar

CA Inter

★ 13K+

2

502