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Defn
Corporate & Other Laws
answered on 27-Apr-23 22:11
Differene between 1st and 2nd point in exceptions.
latest answer
First one is covers assets - say covered by AS 10 Second one deals with fair valuation of asset and liabilities. You will understand in CA Final
Reetikaa R
CA Final
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Quorum
Corporate & Other Laws
answered on 30-Apr-23 18:28
Should we answer as per Act or as per case study. In case study AOA provides for 50 members as min quorum.
latest answer
Correct. Since the articles provide higher number.
Sugam SM
CA Final
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Agriculture land
Direct Taxation
answered on 30-Apr-23 16:29
Sell of agriculture land in rural area is not capital asset and hence not taxable under capital gains. But can it be taxable under any other head?
latest answer
Not taxable
Samarth Kshatriya
CA Inter
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Defn
Corporate & Other Laws
answered on 27-Apr-23 21:35
Plss explain point 2
latest answer
Think of siblings. Brother & sister and Parents
Reetikaa R
CA Final
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Contract
Costing
answered on 28-Apr-23 10:02
In subheading three of q d, they have given a formula for notional profit .. is this in our Portions ?
latest answer
Yes
SANSKRITI BADRI 2111339
CA Final
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Sec 54
Direct Taxation
answered on 27-Apr-23 16:34
If a assessee paid the whole bill of constructing a residential property (in the year in which the old residential property is sold ) but the construction of new building will complete in 5 yr so does the assessee get the exemption of section 54 ?
latest answer
No it should be constructed within a period of 3 years after the date of transfer
Atharv Sankliya
CA Final
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Depreciation as per schedule 3
Accountancy
answered on 27-Apr-23 14:47
Definition of Depreciation as per schedule 3 A systematic allocation of depreciable amount of an asset over it's useful life Definition of the same as per many website and authors The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation My query is which definition is correct and appropriate and does the 2 nd definition is also derived from the 1 st one??
latest answer
From a pure accounting perspective, the cost of asset is allocated over time as expense.
Atharv Sankliya
CA Final
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Material costing
Costing
answered on 27-Apr-23 21:52
In this question how do we know whether shortage is normal or abnormal loss ?
latest answer
Ok sir
SANSKRITI BADRI 2111339
CA Final
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652
Total income
Direct Taxation
answered on 29-Apr-23 10:56
Can someone explain how to treat bad debt adjustment .. I don’t understand
latest answer
Got it mam thank you
SANSKRITI BADRI 2111339
CA Final
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674
Residential status
Direct Taxation
answered on 29-Apr-23 10:46
In qsn 21 does intrst chargeable in B's hands is taxable in India
latest answer
No Both are non-residents non-resident person is chargeable to tax to the extent income accrues or arises through a business connection in India or from any asset or source of income located in India, and to the extent such income is attributable to the operations carried out in India. Neither the asset or source of income is india
Neha
CA Inter
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