powered by logo

Forums

House property

Direct Taxation

answered on 19-Oct-22 09:51

If a HP is self occupied and vacant for a part of the year, can NAV be taken as nil? Pls explain the legal provisions in this regard.

latest answer

Thank you

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

2

532

Chapter 3

Economics

answered on 31-Oct-22 12:25

Unit 2 - Money supply Is M1 , Reserve money, NM1 same or is there any difference ?

latest answer

Reserve Money = Currency in circulation + Bankersâ?? deposits with the RBI + Other deposits with the RBI M1 = Currency notes and coins with the people + demand deposits with the banking system (Current and Saving deposit accounts) + other deposits with the RBI. NM1 = Currency with the public + Demand deposits with the banking system + â??Otherâ?? deposits with the RBI.

Logesh Warran

Logesh Warran

CA Final

4K+

1

565

General

Strategic Management

answered on 31-Oct-22 12:15

Kindly explain the meaning: 1.Analytical approach 2.Systematic approach 3.Technical approach

latest answer

Analytical - Break down and analyse Systematic - Having a proper system in place and not doing things at random. Technical - Using technical indicators

Krishnan K

Krishnan K

CA Inter

5K+

3

543

General

Direct Taxation

answered on 19-Oct-22 20:08

"Assessee has been assessed by way of regular assessment" Doubt:- What is "regular assessment"?

latest answer

Okay sure

Girinath A

Girinath A

CA Inter

765

3

464

Database

Information Systems

answered on 21-Oct-22 11:25

What is database.. Is it the structured data or the place wr data is stored..

latest answer

Ook.. Tqsm

Shru Kanda

Shru Kanda

CA Inter

610

5

566

Working capital management

Financial Management

answered on 20-Oct-22 13:57

In this question, whey they have considered credit sales like this as it is clearly given in question (36,00,000)

latest answer

Question requires calculation on cash cost basis

Sairam Reddy

Sairam Reddy

CA Final

10K+

3

543

Deduction relating to royalty

Direct Taxation

answered on 19-Oct-22 10:22

As per the below image can we get deduction under 80QQB If so,pls explain with reason

latest answer

Allowed Deduction u/s 80QQB is for "Deduction in respect of royalty income, etc., of authors of certain books other than text-books." and As per explanattion "books" shall not include brochures, commentaries, diaries, guides, journals, magazines, newspapers, pamphlets, text-books for schools, tracts and other publications of similar nature, by whatever name called; So text book for schools is not included but this book in question is not for schools but recommended for university

Divya sri Vetcha

Divya sri Vetcha

CA Inter

7K+

1

449

Money Supply

Economics

answered on 18-Oct-22 22:34

Why shouldn't we deduct National Saving Certificate amount (200)? In this question?

latest answer

Acha ok. Got it. Thanks

Be The Change

Be The Change

CA Inter

11K+

2

565

Partnership firms- Fundamentals Past Adjustments

Exams

answered on 18-Oct-22 21:57

Is the Past Adjustments portion of Partnership firms chapter present in the syllabus of CA foundation ?

latest answer

Thank you sir

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

2

499

Redemption of pref shares

Accountancy

answered on 23-Oct-22 15:51

To write of premium on redemption can we use either securities premium or even general reserve ??

latest answer

Can you share the question?

SANSKRITI BADRI 2111339

SANSKRITI BADRI 2111339

CA Final

4K+

7

445