Forums
Income Under Head Salaries (Rent Free Accommodation provided by employer)
Direct Taxation
answered on 11-Mar-23 16:03
Whether Services of a Gardener Along with Rent-free Accommodation taxable?
latest answer
Treat them as separate items.apply servant provisions separately.so if employee is a specified then taxable if not then non taxable
Udaya Kumar
CMA Inter
★ 920
1
444
Ind as 40
Financial Reporting
answered on 12-Mar-23 16:26
Icai material backside question no:4 Don't we have to consider the depreciation here?
latest answer
No Depreciation on land
nazriya nasar
CA Final
★ 7K+
2
576
Trademark
Others
answered on 12-Mar-23 18:07
If select device mark option upload a logo which includes the trade name , does it mean our trade name is also got registered?
latest answer
PLs consult an IP lawyer
Eswar K
CA Final
★ 125
1
481
Integration of Minor Income Clubbing and Transferor Income Clubbing .
Direct Taxation
answered on 11-Mar-23 15:13
Where in a circumstances, an individual transfers any income to a minor, such income is taxable in hands of minor's parents or Transferor himself?? Eg :- Mr Rahul ( brother of Rohit ) transfers F.D to Chotu ( Rohit's Minor Son ) . Then , income through interest to be clubbed in Rahul's or Rohit's Hands ?? Plz explain neatly with conclusion.
latest answer
in this question , transfer of income without transfer of asset to be clubbed in the transferor hands
Varun Mulay
CA Final
★ 39K+
2
517
pvt co
Corporate & Other Laws
answered on 20-Mar-23 14:12
MrA 1st became member of xyzpvtltd has 10shares Next year MrA became employee of xyzpvtltd Will MrA b counted in 200limit ?
latest answer
Employee & ex employees are never included for the purpose of counting of members
Sushmita Chowdhury
CA Inter
★ 2K+
3
445
What is substance over form
Accountancy
answered on 11-Mar-23 14:21
Answer this question
latest answer
Example: Your company has purchased a property but the registration and other legal formalities are pending. Your company has the possession of the property and is using the property. So you will be showing this property as an asset in your balance sheet irrespective of whether or not the legalities are completed. This is substance over form i.e. reality over legality.
Harsh Kumar singh
CA Inter
★ 11K+
1
1K+
Confusions
Accountancy
answered on 12-Mar-23 16:27
Assets mins libality equals to capital Or asset minus libality equals to equity?
latest answer
Good Explanation!
Madhu Reddy
CA Inter
★ 4K+
5
536
Asset, liability, equity
Accountancy
answered on 12-Mar-23 16:28
Assest is resource which have capable to generate future economic benefit to entity Libality is a obligation Then what is euqity means... (With practical example...)
latest answer
Whatever is left with the entity after settling liabilities is equity.
Madhu Reddy
CA Inter
★ 4K+
4
608
Investment decisions
Financial Management
answered on 17-Mar-23 10:17
In illustration 15, how "earnings after taxation " are considered as Cash Flows After Tax(CFAT)? It should be PAT only no? . And in this question , they have given salvage value at the end of 5th year and cost of the machine too.So, we can calculate depreciation and CFAT = PAT +DEPRECIATION But why sir has taken earnings after taxation as CFAT?
latest answer
We have uploaded the revised video also
Pravin Nesaraj
CA Inter
★ 32K+
8
575
Investment decisions
Financial Management
answered on 11-Mar-23 17:38
Exclusion of finance costs is for certain topics (or) throughout the chapter, for calculating cashflows we ignore the finance costs?
latest answer
It's for the chapter overall.
Vasu Naidu
CA Inter
★ 0
1
466