Forums
As2
Accountancy
answered on 27-Sep-22 11:13
Now, finally we have to consider or not..? That Amortization of intangible assets into inventory cost? Point C
latest answer
It should be taken
Divya K
CA Inter
★ 885
1
541
Supply section7(2) schedule-lll point 5
Indirect Taxation
answered on 27-Sep-22 13:08
Here it is written: sale of land and, subject to clause (b) of paragraph 5 of schedule ll, sale of building. Can someone please explain it in a bit detail?
latest answer
SCHEDULE II - ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES SCHEDULE III - ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODSNOR A SUPPLY OF SERVICES As per paragraph 5 of schedule III activities or transaction relation to sale of land and subject to clause b of paragraph 5 of schedule II, sale of building shall not be treated as supply. Clause b of paragraph 5 of schedule II reads as â??construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlierâ??. So, sale of land will not attract GST and sale of building after obtaining completion certificate or after its first occupation will not attract GST. Sale of building before its first occupation or before issuance of completion certificate will be taxed under GST
disha sharma
CA Inter
★ 1K+
1
494
Costing sum
Costing
answered on 28-Sep-22 11:57
In this ,it is value of work uncertified .But they have given as cost of work uncertified (60000) In another sum , correct treatment is given. Kindly clarify me
latest answer
Ok
Shankari C
CA Inter
★ 12K+
10
564
Banking company
Accountancy
answered on 27-Sep-22 09:17
Can anyone expain me this paragraph
latest answer
Deposit means others deposit with us ,if it is outstanding means out deposits with others which is like advance given by the bank Sane way For eg ,. Net payable ( after adjusting 25000 receivabke from the same person) X rs 970000 Like this they have given Now for presentation purpose Payable -- 970000 +25000= 995000 Receivable --- 25000 That's it
theee k
CA Final
★ 435
1
519
tax payable
Direct Taxation
answered on 27-Sep-22 22:11
ltcg (112) _ 80000, lottery winnins 70000, agricukture incime- 60000, other non agriculture income -210000 options a) 38480, b) 36400 c) 33800 d)17160 naswer is 17160 how?
latest answer
Thanks
Subash Chandrabose
CA Final
★ 32K+
8
672
Ch03
Economics
answered on 27-Sep-22 09:45
Can anyone explain me what is explicit and implicit cost.. And if possible give simple example to understand.
latest answer
Thanks sir.
Balachandar S
CA Inter
★ 59K+
5
589
Section 54 and Section 54F
Direct Taxation
answered on 27-Sep-22 09:35
In section 54 ===> if we transfer the new asset within 3 years, then, in the year of transfer, we have to adjust the cost of acquisition using deduction claimed earlier. In section 54F ===> if we transfer the new asset within 3 years, then, in the year of transfer, we have to compute the capital gains normally and we have to add the amount of deduction claimed earlier to it. Doubt: Any how the total capital gains will be same in both the cases. They why they've differentiated the provision like that. even if we less the deduction amount from cost of acquisition (or) if we add the deduction amount to capital gains, the resulting amount will be same. They why such differentiation? _____________________________________________________________________________________________________________ I have made the computation based on my understanding and I've attached the same. Please correct me if I'm wrong.
latest answer
Thank you so much sir
Girinath A
CA Inter
★ 765
4
580
Foundation exam
Exams
answered on 27-Sep-22 09:21
While entering into ssp , after all the details had i am given , but after the payment details , it's not accepting and then showing like this
latest answer
If the amount is deducted , directly call ICAI Bhawan they will tell you one mail-id and post mail to the said mail id For me the amount is deducted but application not submitted ,I done the above mentioned procedure it is rectified If amount not deducted then try with other payment modes
Vignesh Psv
CA Foundation
★ 8K+
2
543
AS16 Burrowing Cost
Accountancy
answered on 27-Sep-22 09:14
Sir A movie company Import camera from foreign at that time custom duty laid weather we have to capitalize those cost
latest answer
yes. You will capitalise it as per AS 10.
Raguram R
CA Inter
★ 0
1
402
Business Commercial Knowledge
Others
answered on 27-Sep-22 10:54
Hello Sir/Mam, In chapter 1 Q. 3 the answer said in the video is answer option b, whereas in module it's option a. So which should be marked correct one
latest answer
Option b in video has - Domestic use. That is the most appropriate.
Prathmesh kharul
CA Foundation
★ 3K+
5
508