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Brs ...
Accountancy
answered on 09-Aug-22 20:05
(3) and (4) ...I need plus and minus representatio with explanation
latest answer
Ok
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
5
532
Deferred tax - doubt
Direct Taxation
answered on 19-Aug-22 11:50
Sir, If a company has to pay tax in MAT for the current year, then we should calculate the deferred tax asset or liability using the normal tax rate or the MAT rate?? And if the company has to pay surcharge in a year, then should we include the rate of surcharge for calculation of deferred tax also??
latest answer
Okay sir.. thanks you.. :)
Darshini Pandiarajan
CA Final
★ 5
2
440
Funny assumption
Accountancy
answered on 09-Aug-22 20:02
This may 2022 paper 1. accounting exam, accounting standards like As -2,As-10,As-16,As-12 asked... ... Can I assume coming November 2022 examination accounting standards are asked except this mention standards???
latest answer
Nice& thanks
MPR Sanjay Kumar
CA Inter
★ 530
9
644
Brs
Accountancy
answered on 09-Aug-22 21:27
The debit balance of 15260 as on previous day was brought forward as credit balance ....starting point balance as per cash book
latest answer
+30,520 Bank column of cash book
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
4
563
Agricultural Income
Direct Taxation
answered on 11-Aug-22 10:48
Sir/Madam, If you refer the below images, The Income Tax Act,1961{Ch-III, Section 10(1)} classifies Agricultural income as "Incomes not included in total income". But in the ICAI Study Material, they mentioned "Reason for total exemption of agricultural income is, the CG has no power to levy tax on agricultural income". As per Income Tax Act 1961, agricultural income is not included in the total income, while it has not mentioned that Agricultural Income is exempt. So - 1. What is the reason behind ICAI Study Material mentioning agricultural income as Exempt Income ? Even though Income Tax Act,1961 provides Rebate on Agricultural Income, as we know that indirectly, tax is levied on the agricultural income. So - 2. How can CG tax the agricultural income, which it does not have the power to levy tax on it ?
latest answer
Intention of law is not to tax agricultural income. Intention is to ensure that the tax burden on assessees with similar income does not differ sharply merely because of the fact that part of it is derived from agriculture. If assessee has agricultural income and non agricultural income, then advantage of taxing the non agricultural income at lower slab rate will not be given. It will be taxed at next higher tax rate after including the agricultural income
Avasarala Vivek Aditya
CA Inter
★ 6K+
11
1K+
Hard copy Notes
Financial Reporting
answered on 09-Aug-22 23:06
Hai Sir One request whether hard copy of notes will be provided for FR?? Because it will useful for me to study rather studing in pdf files...
latest answer
Yaa I can but I have no time do it, I am doing my articleship working in Sunday's also so finding it difficult.. and for each Ind AS separate notes is been given i can't able find a consolidated one... Just a one request from my side consolidate all notes together and give it as a full notes for FR so that I can take print easily
Barani Tharan
CA Final
★ 112K+
6
562
Abnormal gain
Costing
answered on 10-Aug-22 09:06
What is abnormal gain .Is it the gain over and above production?
latest answer
Yeah ok.thanks
Shankari C
CA Inter
★ 3K+
8
705
Composition scheme
Indirect Taxation
answered on 10-Aug-22 10:35
Why Bill of Supply is issued instead of Tax invoice
latest answer
A Bill of Supply is issued when GST is not applicable on a transaction or when GST is not to be recovered from the customer. And Composition dealers should pay tax under the mechanism (reverse charge)
Shankari C
CA Inter
★ 12K+
4
453
Brs
Accountancy
answered on 16-Aug-22 10:32
Bill discounted dishonored not recorded in cash book......bak balance as per page book Plus side or minus side...explain?
latest answer
If a discounted bill is dishonoured, you will need to debit the Debtor and Credit Bank in books.
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
2
758
Partnership accounts
Accountancy
answered on 09-Aug-22 14:54
Can anyone explain illustration no:4 entry of EPF, Joint life policy and why D deficiency only shared by A and B not by C
latest answer
Thank you ð???
Riya hari
CA Inter
★ 420
2
622