Forums
Amalgamation
Accountancy
answered on 10-Oct-22 12:36
Which one shall be taken for purchase consideration.
latest answer
S sir understood,thanks sir
Saravanan Murugan
CA Final
★ 19K+
7
616
Amalgamation chapter - journal entry
Accountancy
answered on 07-Oct-22 11:16
ii) debentures point journal entry for both illustration 1 and 2 of amalgamation chapter
latest answer
Tq debentures entry not needed bcz of purchase consideration computation but i thought of knowing it
Sai Swetha
CA Final
★ 7K+
3
535
Deemed owner and clubbing
Direct Taxation
answered on 06-Oct-22 15:05
I want to know only why in deemed owner we include an individual transfer house property to his spouse or minor child?? If this provision is add in clubbing provision we also add the taxable income in the hand of assesee... Is there any difference ??? Deemed Owner or clubbing provision
latest answer
Ok got it thank you so much....
Rick Y
CA Final
★ 2K+
3
654
Hire Purchase
Accountancy
answered on 10-Oct-22 15:25
It is written in the ICAI module that Hire purchase is governed by Hire Purchase Act 1972. But the Hire Purchase Act was repealed in 2005. how can it be a governing law?
latest answer
Okey sir!
Jitendra Kumar
CA Final
★ 41K+
2
498
Final accounts
Accountancy
answered on 08-Oct-22 08:38
Opening stock - â?¹ 150500 Purchases - â?¹437000 Manufacturing Expenses - â?¹ 85000 Expenses on Sales - â?¹ 33000 Sales - â?¹ 625000 Additional information: During the year damaged goods costing â?¹12000 sold for â?¹5000 . Barring the above transaction the gross profit has been @20% on Sales. Prepare trading a/c To find closing stock .
latest answer
625000-33000=592000 12000-5000= 7000 592000-7000= 585000 20% of 585000= 117000
Tanya
CA Inter
★ 6K+
6
466
S.44AD - Presumptive Income Scheme
Direct Taxation
answered on 08-Oct-22 11:05
For the assessment years 2018-19, 2019-20, 2020-21, 2021-22, 2022-23 the assessee declares income as per S.44AD. That is, he has declared income under S.44AD for the 5 consecutive years. From 2023-24, can he interchangeably declare income under S.44AD and under normal provisions? for e.g. In 2023-24 ---> Normal provisions In 2024-25 ---> S.44AD In 2026-27 ---> Normal provisions In 2027-28 ---> S.44AD Can the assessee declare income like this?
latest answer
Thank you mam
Girinath A
CA Inter
★ 765
18
859
Listed Company
Corporate & Other Laws
answered on 10-Oct-22 14:41
If a public company makes a public issue of convertible preference shares (not equity) and also has non convertible preference shares issued on private placement which is listed it should be part of listed company as it is not a case of exception but due to language of act is it still considered unlisted as it does not have listed equity but non convertible debentures on pvt placement ?
latest answer
The definition of listed company reads Company with "any securities listed with recognised stock exchange (inclusive definition)" Provided that certain specified class of companies shall be excluded as stated in rules. The possibility where the public company has no equity shares listed on RSE, has privately placed convertible pref. shares listed and has convertible pref shares offered to public on stock exchange - such category is not specifically excluded in the list given in the Rules. Therefore we will consider it a listed company.
Umang Agrawal
CA Inter
★ 0
1
560
Provision
Accountancy
answered on 10-Oct-22 12:32
What is the difference in the given provisions Voting - 74% Share - 26%
latest answer
old provision.
venkatesh sundharamoorthy
CA Final
★ 34K+
3
467
Q 15
Maths & Stats
answered on 08-Oct-22 07:04
Please solve this
latest answer
Options A
Harshita Tripathi
CA Inter
★ 2K+
6
599
Q 11
Maths & Stats
answered on 08-Oct-22 07:05
In q. 11 how to compute percentage please anyone solve
latest answer
Options a
Harshita Tripathi
CA Inter
★ 2K+
13
661