Forums
Investment Decision
Financial Management
answered on 09-Mar-23 22:21
Why is tax charged on saving in contract payment? 150*30%=45 cash outflow
latest answer
Yes
Angel Maria Varghese
CA Final
★ 9K+
2
459
Prospectus and allotment of security
Corporate & Other Laws
answered on 19-Mar-23 08:16
To include experts statement The experts should be engaged or interested in formation or promotion or management of the company Or he should not be engaged with that Who can give experts statement
latest answer
Expert statement is included a) if the person(i.e the expert creating such statement) is not engaged in formation, promotion or management of the company. b)has given written consent & not withdrawn such consent ( before delivery of prospectus to ROC)
Sruthi sruthi
CA Final
★ 640
4
543
Investment Decision
Financial Management
answered on 09-Mar-23 19:55
[Depreciation is a fixed cost. So Fixed cost includes Depreciation.] In this question depreciation is not deducted from fixed cost and depreciation is deducted again to arrive at CFAT. If we are deducting Depreciation separately shouldn't we reduce it from fixed cost?
latest answer
Unless otherwise specified in the question, we assume that Fixed Cost does not include depreciation.
Angel Maria Varghese
CA Final
★ 9K+
2
490
PGBP
Direct Taxation
answered on 10-Mar-23 00:25
Assessee is dealer in shares and securities. Please give Taxable income Computation under PgbP.
latest answer
STT paid is not allowed as deduction in Capital Gains. But , in PGBP , it is exclusively related to a speculative business and allowed as deduction.
Hiren Ghadiya
CA Inter
★ 1K+
2
534
Insurance claim
Accountancy
answered on 20-Mar-23 10:00
In module chapter 10 illustration 5 there is abnormal item which is taken at cost in memo trading account (opening stock) Whereas in illustration 1 abnormal item is taken in opening stock at cost - written off value why so??
latest answer
To calculate normal gross profit, we need to ensure the we calculate it using normal valuations. Say some part of opening stock is sold at loss or lower profit or higher profit. This will be excluded to ensure that it does not impact the calculation. If we have written off some amount from closing stock, we add it back to bring it to normal valuation just for the purpose of GP calculation.
AKSHA MEHTA
CA Inter
★ 2K+
7
495
ESOP
Accountancy
answered on 09-Mar-23 20:13
Why can't we calculate the amount with respect to lapsed options directly by multiplying options lapsed and fair value. Can anyone please explain me the procedure of finding the amount to be transferred to general reserve with respect to lapsed options.
latest answer
Ok sir. Thank you sir
Umayal Lakshmanan
CA Final
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2
550
RIGHT ISSUE
Corporate & Other Laws
answered on 11-Mar-23 13:59
Further issue to existing share holders minimum number of days for right issue of shares how much ?
latest answer
But they have also mentioned or number of days as prescribed. Here's the grab from the bare rules.
Russell Aravinth
CA Inter
★ 12K+
9
695
Chapter 6
Corporate & Other Laws
answered on 10-Mar-23 23:34
ABC Ltd created a charge in favour of OK Bank. The charge was duly registered. Later, the Bank enhanced the facility by 20cr. Due to inadvertence, this modification in the original charge was not registered. Advise the company as to the course of action to be pursued in this regard. In this question why can't the answer be Section 79(b) ?? As the company is just required to register the modification of the charge. Why Section 87 is coming into the picture here ??
latest answer
In exam you can mention the assumption "It has been assumed that the required time for registration of modification of charge has expired and therefore section 79 cannot be used. Alternatively, if prescribed time was available, Company had the option of completing registration within time limits allowed under section 79 by paying additional fees."
Neha Baliga
CA Inter
★ 16K+
2
595
Sir am not able to consistancy
Exams
answered on 10-Mar-23 19:14
H
latest answer
Analyze the reasons first. It could be you are getting stressed out and feel too much syllabus is left or you are getting distracted by irregular work or say parties etc. Once that is done. Break the chain for that reason. For stress, build your confidence by taking small tests, and reward yourself for small achievements/meeting targets. It's all in the journey. Stay sincere. Don't over-tighten your schedule.
R K
ACCA Skill
★ 9K+
4
608
CSR comittee
Corporate & Other Laws
answered on 09-Mar-23 13:39
According to latest amendments CSR Is applicable for a year if previous financial year satisfies any of those three conditions regarding network, turnover, profit And it shall not be applicable if it doesn't satisfy right?? Or If in one year those conditions are satisfied csr provisions shall apply forever?
latest answer
Thank you ma'am
Harshitha Kalidindi
CA Final
★ 51K+
2
373