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AS 10
Accountancy
answered on 20-Mar-23 07:18
I didn’t get this sum. Isn’t the book value 600000 after 20 years. Explain case b
latest answer
Its is the value of similar asset which is 20 years old today.
Sugam SM
CA Final
★ 9K+
1
549
Income From Salary
Direct Taxation
answered on 20-Mar-23 08:36
The Person who received amount by voluntary Retirement Scheme, can join any other company in very next month or day before the period of retirement and receive salary from his new company ?
latest answer
Yes
Sanjay Nandha
CA Inter
★ 11K+
3
570
Contingent liability
Accountancy
answered on 20-Mar-23 09:39
If a company has loss and reserves showing dr.balance and if any contigent liability arises due to any legal obligation then I should provide for it or not.
latest answer
Contingent liability is disclosed. If payment is probable (>50% chance) and amount can be estimated, then you will create a liability in books irrespective of profit or loss position.
Kamal Kumar
CA Inter
★ 7K+
1
467
General Doubt
Indirect Taxation
answered on 21-Mar-23 06:52
In heading of notifications , N/N etc number is given and CT(rate) or UT(rate) or IT (rate ) is given. If only CT( rate) is given does it mean that notification is applicable for only CGST act and not for IGST and SGST/UTGST ? If yes , on the contrary but decision are taken at Gst council meeting which is then accepted by all , then how only one CGST notification is there and not for other acts ? And also, if some notification is applicable to ST( Rate) then only intra state transaction are affected of that state ?
latest answer
That won’t happen. It is always deemed that any rate given in CT is accepted by the state and UT also since it is on PAN India basis
Anirved Rahatgaonkar
CA Inter
★ 0
1
610
Calculation of NPV
Financial Management
answered on 20-Mar-23 09:32
Is Cash Inflow calculation based on PBDT given in question or we have to compute depreciation on WDV method as mentioned in question and compute tax on PBT(after depreciation) and add back Depreciation to PAT to find PBDT. Could anyone share the answer for this question or guide me on the above query.
latest answer
Welcome
Ashik Ahamed
CA Inter
★ 1K+
6
1K+
Consolation
Accountancy
answered on 19-Mar-23 20:28
Anyone taken classes from indigo learn advance accounts ? I have a doubt in book back sum num 4 regarding analysis of profit working note Can anyone help me out?
latest answer
What exactly is your doubt?
Naveen Vs
CA Inter
★ 470
2
540
CFS
Accountancy
answered on 19-Mar-23 19:02
What is cash credit and how is it a financing activity?
latest answer
Cash credit is a type of loan facility
Sugam SM
CA Final
★ 9K+
1
599
Money demand
Economics
answered on 22-Mar-23 11:47
Doesn't Keynesian theory include transaction precautionary and speculative demand? And not ONLY transaction demand.
latest answer
And hence Keynesian Theory is not the answer
Angel Maria Varghese
CA Final
★ 9K+
3
677
Income from house property
Direct Taxation
answered on 29-Mar-23 09:35
In this q, it’s given fair rent and municipal valuation for the entire house .. so for unit one , wouldn’t u divide each BU three and multiply by 50% to find reasonably expected rent ?for ex municipal rent is 188000/3 *.5 , as it’s applicable to whole house ,all three units right ? In answer key they haven’t done the same
latest answer
Please post new questions in new thread
SANSKRITI BADRI 2111339
CA Final
★ 4K+
7
913
Capital gains
Direct Taxation
answered on 20-Mar-23 09:27
In first q under b , why is there no indexation for cost of acquisition
latest answer
Okay thank you
SANSKRITI BADRI 2111339
CA Final
★ 4K+
9
655