Forums
Bonus issue
Accountancy
answered on 16-Mar-23 18:53
In this question (i), it s like bonus shares are issued to convert partly paid up into fully paid up ? Am I ryt ?
latest answer
Any reserve which can be used to distribute dividends is called a free reserve.
Reetikaa R
CA Final
★ 7K+
4
473
Financial statements of companies
Accountancy
answered on 16-Mar-23 18:58
What is deferred tax liability???
latest answer
https://youtu.be/WMJWDyKp3X0 You can watch this video to understand.
pullagorla sivaram
CA Inter
★ 5
2
469
Investment decisions
Financial Management
answered on 16-Mar-23 17:03
In the problem, for calculating 1st part , sir has considered 3 scenarios and calculated NPV for each scenario. However, while calculating 2nd part[expected NPV] , Sir has combined all the expected annual cash inflow and calculated NPV for the total. Why sir has not calculated expected NPV for each scenario?
latest answer
In 1st question, it is clearly asked that calculate NPV under 3 scenarios. However in 2nd question, they just asked for Expected NPV which we can solve by taking cash flows together (like how sir did) OR Calculate NPV separately which gives the answer of 1st question and then multiply the NPV with the respective probabilities. Add them you will get the same answer. [So if you do it separately or together you will get same answer]
Pravin Nesaraj
CA Inter
★ 32K+
2
553
Scope of income
Direct Taxation
answered on 19-Mar-23 08:34
X has a business with its Head office in Delhi. Income earned from its Branch in Hong Kong, is remitted to India. Is income of head office taxable in india?
latest answer
Also the income from its branch in Hongkong falls under income which accrues/ arises outside India but controlled from India taxable in case of RNOR &ROR but not in case of NR
Monisha KM
CA Inter
★ 825
4
447
Inter Nov 2022 mark sheet
Others
answered on 16-Mar-23 18:56
I didn't receive inter mark sheet yet. How many of you waiting for the same?
latest answer
Some have received and some are waiting. wait till month end.
Mansha Tutlani
CA Final
★ 555
1
418
Investment decision
Financial Management
answered on 16-Mar-23 14:04
As it is given that working capital of 40 lakh will be required at end of 8th year. Why they have added 40L in initial cash outflow
latest answer
Thanks both of u
Gauri Shete
CA Final
★ 5K+
3
482
Depreciation start date for tools not yet put to use having useful life of more than one year
Financial Reporting
answered on 17-Mar-23 19:56
When to start the depreciation calculation for tools and spares having useful life of more than one year i.e. 1year 1month and are not yet put to use Is that ready to use concept only., and if so, what if, the asset i.e stores and tools got depreciated before put to use
latest answer
Okay sir thank you
Valli Kotapati
CA Final
★ 5
2
472
Disclosure -AS-13
Accountancy
answered on 16-Mar-23 10:12
Does company also required to disclose that which kind/form(like shares debt securities) are considered as investment as per AS-13
latest answer
Yea
Atharv Sankliya
CA Final
★ 3K+
1
368
House property
Direct Taxation
answered on 19-Mar-23 08:44
Loan taken before 1/4/99 1-Then limit is 30,000 on repairs, renovation 2-And limit is 30,000 on purchase acquisition and construction .. 30,000 and 30,000 both separately check karne ka that is 60,000 allow hoga as interest deduction Ya fir 30,000 combine
latest answer
Repair, renewal, reconstruction criteria is whether it is taken ( before or after 1/4/1999) doesn't matter -maxm allowed is 30000 But in case of construction or purchase if it is before 1/4/1999 only then maxm allowed is 30000
Addu Gill
CA Inter
★ 0
3
437
Salary
Direct Taxation
answered on 19-Mar-23 08:56
Agar RPF mein contribution by employer is 16 percent and interest pe bhi 13percent ka return hai on EmployeR k contribution extra contribution 4 percent of salary ka or interest pe 2.5 percent ka return pe current year mein taxable kar diya on accrual basis At the time of maturity lumpsum amt receive hogi woh exempt hogi na?
latest answer
5 saal wala condition nahi apply hoga agar:- a) ill health b) employer ka business band ho gaya c)ya phir koi aisa reason jo employee ke hath mai nahi hai
Addu Gill
CA Inter
★ 0
3
469