powered by logo

Forums

AS-4

Accountancy

answered on 26-Feb-23 15:14

Sir, can you please let me know under which situation (i) disclosure in notes to accounts & (ii) disclosure in report of approving authority is required?

latest answer

Thank you so much Sir.

Varshaa M

Varshaa M

CA Final

35K+

3

566

Video quality

Others

answered on 25-Feb-23 21:50

Can I reduce the video quality? It's always playing 1080p

latest answer

Yes, you can watch in medium quality.

Muhammad N

Muhammad N

CA Inter

160

7

542

Charitable trust - Accumulation of income

Direct Taxation

answered on 25-Feb-23 21:00

As per provision, 15% income accumulated is allowed. But why only general expenses and salary income is deducted? Why not the total net income

latest answer

if the trust has accumulated Rs. 3 lakhs as excess income and this amount represents more than 15% of its income, then this amount will be treated as deemed income and will be taxed at the applicable tax rate. if the accumulated income is less than 15% of the total income, there will be no deemed income and no tax liability on the balance amount of Rs. 3 lakhs.

Mansi Kamble

Mansi Kamble

CA Final

0

5

506

Closing stock

Accountancy

answered on 26-Feb-23 16:18

Suppose if sales is not made good but we purchase more goods and the closing stock is higher. So the netprofit is going to be higher then the tax also higher and my question is i I don't have realized profit on sales and it is acceptable?

latest answer

Thank u sir, I am not think about GP Which played because stock always measured at cost.

Kamal Kumar

Kamal Kumar

CA Inter

7K+

6

473

Free classes

Indirect Taxation

answered on 25-Feb-23 20:16

Is the free classes for ca inter available for 3 days GST Is applicable to may 2023 is this classes are ammended.

latest answer

Yes

Srirammurthy Lekkala

Srirammurthy Lekkala

CMA Inter

3K+

7

588

Sets

Maths & Stats

answered on 25-Feb-23 18:24

How dobyouvsolve the marked questions from the additional question bank

latest answer

Detailed Solutions for questions are available in the pdf in the course

Vedant Vijay

Vedant Vijay

CA Foundation

1K+

2

842

Spoiled food,fruits, vegetables - normal loss ?

Accountancy

answered on 25-Feb-23 18:24

Does spoiled food fruits and eatable at cafe/restaurant considered as normal loss ?

latest answer

directly transferred to p and l account

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

6

453

Maths stats lr

Maths & Stats

answered on 25-Feb-23 18:03

Can u pls give me suggestion on how to study effectively for maths?

latest answer

Be clear with the concepts and formulas And attempt a lot of MTP questions or really helps

praveen

praveen

CA Foundation

320

5

486

IND AS 116

Financial Reporting

answered on 04-Mar-23 04:59

In illustration 54 at the time of modification of lease, why you have considered annual lease payment as 1.95L and not 1.90L?

latest answer

The modified terms mention that it is 1,90,000.

Himanshu Somani

Himanshu Somani

CA Final

97K+

1

501

Free class duration

Others

answered on 25-Feb-23 18:17

How many days will the free class will be available sir

latest answer

3 days upto Feb 27

Lathika

Lathika

CA Inter

6K+

5

431