Forums
Belated Return
Direct Taxation
answered on 23-May-22 18:51
If assessee files return after due date can he still carry forward past losses (i.e. Losses incurred in previous years and return filled within due date) ??
latest answer
The losses in previous years in which he has filed within due date can be carried forward irrespective of late filing in the current year
Nikhil Vasanth
CA Final
★ 4K+
7
503
SLR and CRR
Accountancy
answered on 23-May-22 18:53
What are the current rates
latest answer
CRR: 4.00% SLR : 18.00%
Kedhar Nath
CA Final
★ 24K+
5
533
Liquidation of companies
Accountancy
answered on 23-May-22 18:55
How to treat the profit and loss a/c balance while preparing statement of affairs and deficiency statement
latest answer
But to prepare deficiency statement (List-H) we have to record it. If it is P&L debit balance should record under contribution to increase deficiency. If it has credit balance should record under contribution to decrease deficiency. If it is Statement of affairs, the same wouldn't be used.
Sai Theja
CA Inter
★ 3K+
5
450
Belated return
Direct Taxation
answered on 23-May-22 18:57
If an assessee files belated return can he carry forward the business loss???
latest answer
Only unabsorbed depreciation can be carried forward even if the return of income is furnished after the due date specified in section 139(1). All other losses cannot be carried forward to future years
nisam M
CA Final
★ 23K+
5
487
Out of order
Accountancy
answered on 24-May-22 06:57
Can you please explain what does it mean? (a)
latest answer
You check it as on the balance sheet date.
Kumar G
CA Final
★ 12K+
7
499
Demand
Economics
answered on 23-May-22 18:59
Why does demand curve slopes downwards? a)Law of diminishing marginal cost b)Arrival of old consumers c)Cost effect d) Different users
latest answer
Causes of Downward Sloping of Demand Curve 1. Law of diminishing the marginal utility 2. Substitution effect 3. Income effect 4. New buyers 5. Old buyers Hence, except "C" all will be satisfied.
Jitendra Kumar
CA Final
★ 41K+
5
698
AS 18
Accountancy
answered on 23-May-22 17:10
If A is KMP in XYZ lts And A has Significant infuance in PQR ltd. Than XYZ and PQR reated party or not?
latest answer
Yes
Jiya T
CA Inter
★ 10
5
541
Functions
Maths & Stats
answered on 23-May-22 19:02
Explain me this sum. How for every values of x,y value will be same?
latest answer
Here X will be both positive and negative. But Y will be positive only. Hence y's range will only be positive numbers range is not equal to codomain Hence, it is not bijection
Sugam SM
CA Final
★ 9K+
7
503
Articleship extension
Others
answered on 23-May-22 19:03
I'm from Tamilnadu and did my articleship in Pondicherry. I have an extension period 3 months. But I need to go back to my native place because of personal reasons. Is there a way to serve my extension under a different auditor? Because when I tried to fill my re-registration form, it is saying I can only serve under previous principal. Kindly help if there is a way out.
latest answer
You can log in a help message in SSP Portal for which you would get a reply from them
Suseedala Rengarajan
CA Final
★ 9K+
5
628
SLR rate for May 2022 exams
Accountancy
answered on 23-May-22 13:26
Is SLR rate 18% or 23% for this attempt ??
latest answer
Thank you sir
Yamini Kamalakannan
CA Final
★ 24K+
7
510