Forums
Clubbing
Direct Taxation
answered on 23-Apr-23 14:04
While clubbing income in hands of an individual do we classify under certain heads for the individual, or can we add it at the end to gross total income .
latest answer
Based on the info given you will classify it under a particular head
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
482
Total income
Direct Taxation
answered on 23-Apr-23 14:03
If I make a mistake in including one or two items in pgbp , how many marks will I lose out of 14?
latest answer
Ok sir
SANSKRITI BADRI 2111339
CA Final
★ 4K+
2
559
Clubbing
Direct Taxation
answered on 23-Apr-23 13:40
Can we deduct ₹10, 000 for income of minor children from interest on fixed deposit while it is clubbed with parents
latest answer
Yes we can
Sruthi sruthi
CA Final
★ 640
1
490
Clubbing
Direct Taxation
answered on 23-Apr-23 13:41
income of minor child from winning lottery taxed in this hands of parents In the above cases do we need to reduce₹1500
latest answer
No deductions can be claimed against lottery income, flat 30% tax
Sruthi sruthi
CA Final
★ 640
1
474
Revaluation reseve
Accountancy
answered on 23-Apr-23 13:54
when sale of fixed assets what the accounting treatment to be done?
latest answer
Debit bank a/c Credit asset a/c
Kamal Kumar
CA Inter
★ 7K+
1
525
correct/incorrect
Auditing
answered on 24-Apr-23 10:27
please provide reason for it!
latest answer
Incorrect
Bhavya Kumar
CA Final
★ 7K+
2
583
AS 22
Accountancy
answered on 26-Apr-23 17:33
Is DTA added to p&l and DTL deducted from p&l
latest answer
Deferred Tax Asset results in a benefit and hence is reduced from tax expense and indirectly added to Profits and vice versa.
Angel Maria Varghese
CA Final
★ 9K+
1
490
Cost
Costing
answered on 23-Apr-23 12:23
In this ques. Why BEP is not calculated as fixed cost ÷profit ...plz explain
latest answer
BEP = Fixed cost / contribution p.u × sales p.u . In this ques, it given that premium is payable for ovetime for above 500 units. Contribution will be change 1 to 500 and above 500 . But as per formula they find it. At BEP, Contribution = Fixed cost. So at 500u Contribution is only 15,000 and balance 1800 is from 72 units.
Rifhat Khan
CA Inter
★ 28K+
1
586
Can anyone explain difference in calculation of days
Corporate & Other Laws
answered on 25-Apr-23 12:08
B &c
latest answer
Read the provision written above. Three months after date for 30th Aug is 30th Nov and same for 31st Aug, hence same date of maturity If the month in which the period would terminate has no corresponding day (there's no corresponding 31st Nov), the period shall be held to terminate on the last day of such month.
Raghavendra Ganter
CA Inter
★ 5K+
1
582
Sec55
Corporate & Other Laws
answered on 23-Apr-23 12:48
According to exception redemption time may be more than 20yrs but not exceeding 30yrs but subject to 10% of redemption commencing from 21st yr. Then further it is said at option of shareholder. So 10% redemption is mandatory or as per desire of shareholder?
latest answer
Yeah thanks a lot.
Sugam SM
CA Final
★ 9K+
8
528