Forums
Capital Structure
Financial Management
answered on 06-Mar-23 17:14
Market value of levered firm = value of equity + value of debt. Then why are we adding tax advantage instead of value of debt ?
latest answer
V (L) = V (U) + [Debt x Tax]
Dhivya Sriraman
CA Inter
★ 0
2
508
Annual genaral meeting
Corporate & Other Laws
answered on 06-Mar-23 21:55
M.D of the company can call Annual General Meeting without reference to the board
latest answer
No
Rtr techinfo
ACCA Knowledge
★ 0
1
469
Theoretical Accounting
Accountancy
answered on 07-Mar-23 15:46
taking machine in rent is capital or revenue expenditure
latest answer
In CA Inter & CA Final you will understand cases where rent payments are also capitalised and shown on balance sheet. These are advanced level concepts.
Rohan Kumar
CA Foundation
★ 5
4
418
Retrospective
Indirect Taxation
answered on 07-Mar-23 13:56
If any amdmt leads taxable retrospectively, then previously not taxable goods are taxable as now and previously also?
latest answer
Retrospectively means provision/ Section will apply back dated.
Kamal Kumar
CA Inter
★ 7K+
2
541
Exemptions
Indirect Taxation
answered on 06-Mar-23 13:57
Is services by RBI exempt?
latest answer
It is taxable now after amendment
Pooja .
CA Final
★ 210
1
572
E-Invoice
Indirect Taxation
answered on 07-Mar-23 13:56
what is the e-invoice limit applicable now and which is applicable for exam also? whether e-invoice applicable to exempted or non-gst products?
latest answer
10 crores.
Kamal Kumar
CA Inter
★ 7K+
4
645
TDS u/s 194R and Total Income Qs
Direct Taxation
answered on 06-Mar-23 17:39
If value of Perquisite in salary exceeds RS 20,000p.a , TDS u/s deductible @ 10%. If question on total Income is silent , CAN WE ASSUME THAT TDS HAS BEEN DEDUCTED ON PERQUISITES AND LESS IT FROM ULTIMATE TAX LIABILITY ??
latest answer
If the question mentions net amount then you can assume. It could be possible that the prerequisite is received from multiple persons - it is possible that TDS was not deducted.
Varun Mulay
CA Final
★ 39K+
3
462
AS 5
Accountancy
answered on 06-Mar-23 16:41
How point no. 9 considered as Prior period item ?
latest answer
to add Correction of accounting errors: Errors in accounting, such as incorrect recognition of revenue or expenses, may be discovered during a subsequent period. These errors may have impacted the financial statements of one or more prior periods and will need to be adjusted in the current period's financial statements as a prior period item. i think the error is this type
Prethivi Rajan
CA Final
★ 9K+
3
556
PGBP & CAPITAL GAINS
Direct Taxation
answered on 07-Mar-23 15:35
"As per section 2(14), a capital asset includes intangible assets such as licenses and goodwill. However, profits or gains arising from the sale of an "import license" are treated as income under the head PGBP. This raises the question of why it is not considered a capital asset and whether the sale is not treated as a "transfer". Clarify
latest answer
Ok. it's clear now
anandhu ks
CA Inter
★ 2K+
6
694
Service costing
Costing
answered on 07-Mar-23 14:45
Sir after we found out loading which comprises of both profit and commission, then shouldn’t we add commission to operating charges? If not then why we have shown in operating charges instead of standing charges?
latest answer
Please listen to sir's explanation from 2:00 to 2:40
Sugam SM
CA Final
★ 9K+
1
471