Zero rated supply

answered on 07-Mar-23 06:51

Is ITC allowed in case of exempted supply made to SEZ?

latest answer

Yes

Girinath A

CA Inter

★ 765

1

501

Unabsorbed depreciation

answered on 08-Mar-23 09:19

Can we setoff the unabsorbed depreciation from income from house property in the same year in which the unabsorbed depreciation is arise ?

latest answer

Yes. The adjustment of losses against income or profit in a particular year is called set off

Atharv Sankliya

CA Final

★ 3K+

5

549

All the subjects

answered on 07-Mar-23 21:36

How to take a summary notes for each subject And if someone guides me with their experience. It will be helpful for me pls help me

latest answer

Reading thoroughly will make your English language develop and Remembrance of legal maxims and keywords. This will help in making notes. Friend , it is all about practice , and comprehension.

Balachandar S

CA Inter

★ 59K+

13

630

Employee stock option scheme

answered on 07-Mar-23 15:35

Sir, If it is Non market related performance Condition at the end of vesting period , Employee was not satisfied , So how to reverse sir Do we transfer to General Reserve or P and L A/c

latest answer

P&L

M Naresh

CA Final

★ 3K+

2

521

Movie purchased by OTT platform - accounting

answered on 07-Mar-23 15:37

Does the Movie purchased by OTT platform is recorded as intangible assets and amortised over period of its right to stream or it is recorded as cost of revenue/sales ??

latest answer

Suggested reading - Annual report of Amazon or Zee.

Atharv Sankliya

CA Final

★ 3K+

3

631

Ind AS 116

answered on 06-Mar-23 21:36

Hello Sir, Why normal house rents we take will not be classified as a lease as the house is identified asset?

latest answer

For business it would be classified as lease

Suresh Avinash

CA Final

★ 3K+

2

548

Salary definition 17(1)

answered on 07-Mar-23 14:57

Pls explain G and H point from the picture.it is taken from salary definition 17(1)

latest answer

(g) Contributions by the employer more than 12 % or the annual interest exceeding the notified rate on balance to the credit of an employee’s recognized provident fund. (h) PF balance transfer - taxable portion of the transferred balance from an unrecognized PF to a recognized PF is Salary

Gokul Nath

CA Inter

★ 605

1

503

ITC

answered on 07-Mar-23 11:35

What is the percentage of unmatched credit to find eligible ITC?

latest answer

Now everything is amended and no unmatched credit to be taken

Priya Ravi

CA Inter

★ 55K+

2

612

Salaries

answered on 07-Mar-23 12:54

Sir /Mam may i know What is the differences between incentive,fringe benefits and perquisites.

latest answer

Incentives: Incentives are rewards that are offered to employees to motivate them to achieve specific goals or objectives. They are typically tied to performance metrics, such as sales targets or productivity goals. Examples of incentives include bonuses, commissions, profit-sharing plans, or stock options. Fringe Benefits: Fringe benefits are additional perks that are offered to employees as part of their compensation package. They are not directly tied to performance but are designed to provide additional value to employees beyond their base salary or an hourly wage. Examples of fringe benefits include health insurance, retirement plans, paid time off, tuition reimbursement, and wellness programs. Perquisites (Perks): Perquisites, also known as perks, are non-cash benefits or privileges that are offered to employees as a reward for their status or position within the company. They are typically offered to executives or high-level managers and are intended to enhance their lifestyle or status. Examples of perquisites include company cars, expense accounts, private jets, or personal assistants.

Vijay Anthony

CMA Inter

★ 6K+

2

503

Income Tax

answered on 07-Mar-23 15:45

Is Sec 269SS is applicable for Chit Subscriptions? Chit subscription is daily transction, is it said to be loan or deposits?

latest answer

deposit - covered.

Gayathri

CA Inter

★ 11K+

1

517