Forums
Process and operating costs
Costing
answered on 20-May-22 17:02
Can some one tell me what is the logic or concept of the (pls see image ) 1. Cost of closing stock 2. Transfer price Reference illustration 6 page number 10.22
latest answer
If 100 is transfer price - 20 is add on, so cost - 80 (Total cost - cost of closing stock ) = cost of goods transferred i.e. (94500-4500) so 80 -----> (94500 - 4500) 100 ---->?? so value of transferred goods = [(94500-4500)/80]x100 = 112500
nisam M
CA Final
★ 23K+
7
446
TDS Rate
Direct Taxation
answered on 19-May-22 10:46
For May 2022 attempt - Section 197B applies (Reduction of TDS rates) ??
latest answer
Thank u sir
sabha sh
CA Inter
★ 3K+
7
514
Audit Sec No's
Auditing
answered on 19-May-22 18:00
Is it mandatory to mention Companies Act section numbers in audit? Will we lose marks if we don't mention?
latest answer
It's not mandatory..but if u mention..do mention it correctly..or else..there are chances that u may lose Marks for wrongly quoting section numbers
bharath M
CA Final
★ 19K+
5
497
SWIGGY ACQUIRED DINEOUT
Strategic Management
answered on 23-May-22 10:25
Swiggy acquired Dineout. Swiggy is gaint online delivery food service whereas Dineout provides online restaurant tabke booking service. Following the acquisition, Swiggy will build on Dineoutâ??s strengths and take on Zomatoâ??s dine-in business, bringing dining reservations to its suite of offerings. The restaurant discovery and table reservation feature once was Zomatoâ??s core business and still remains unchallenged by Swiggy to date. Which type of strategy swiggy adopted?
latest answer
Its not a vertical integration because Dineout is not in supply side or customer side of swiggy. Its a simple acquisition (related to the business)
Neha Gupta
CA Final
★ 4K+
8
1K+
Swiggy acquired Dineout
Strategic Management
answered on 19-May-22 16:42
Swiggy would become a complete food tech platform, that would extend right from delivery to table booking. According to Swiggy, this move would also help restaurants on Swiggy to reach out to more customers.....So, Swiggy adopted which type of expansion strategy?
latest answer
Yes
Neha Gupta
CA Final
★ 4K+
10
800
CA inter group 2 AS
Accountancy
answered on 18-May-22 17:14
In may 2021 RTP - AS 14 question is given But in may 2022+ nov. 2021- AS 14 is not given I have October -2020 module In which AS 14 is given So my question - is AS 14 application for may 2022 examination.?
latest answer
Yes
Jiya T
CA Inter
★ 10
3
504
Forfeiture of shares
Accountancy
answered on 18-May-22 14:19
Please explain me regarding X's re-issue And capital reserve entry? Like why we transfer to capital reserve although we have issued at premium. Till here I have done
latest answer
Good!
Sugam SM
CA Final
★ 9K+
3
457
International Taxation - Transfer Pricing
Electives - Final
answered on 26-May-22 13:37
A Ltd. filed its return of income for A.Y.2020-21 disclosing total income of â?¹.20 crore. During the course of assessment, the Assessing Officer made a primary adjustment of â?¹.2 crore and passed an order on 1.6.2021 in respect of an international transaction denominated in Indian rupees, consequent to which the total income of A.Y.2020-21 has increased to â?¹. 22 crore. The excess money of â?¹.2 crore has not been repatriated till date. What are the consequences of the primary adjustment made and non-repatriation of excess money in computation of total income of A.Y.2022-23, if it is assumed that A Ltd. has opted to pay additional income-tax@20.9664% on â?¹.1 crore on 1.12.2021? Assume that the one year marginal cost of fund lending of SBI as on 1.4.2021 is 8.5% and as on 1.4.2022 is 9%. (a) Interest of â?¹. 9.754 lakhs to be included in total income of A.Y.2022-23 (b) Interest of â?¹. 9.792 lakhs to be included in total income of A.Y.2022-23 (c) Interest of â?¹. 15.645 lakhs to be included in total income of A.Y.2022-23 (d) Interest of â?¹. 16.311 lakhs to be included in total income of A.Y.2022-23 In the Material Answer Given (C) Can anyone guide me the answer for this MCQ.
latest answer
Applying the provisions of Section 92CE and Rule 10CB, Where the excess money is not repatriated within the time limit of 90 days, interest shall be charged on the excess money or part thereof. The interest shall be computed at one year marginal cost of fund lending of SBI of relevant previous year (2021-22 in the given case) + 325 basis points. Also, in case of payment of additional tax, secondary adjustment is not required to be made and interest need not be computed from the date of payment of tax, which means interest has to be computed till the date of payment of tax (1.12.2021 in the given case) Interest computation will be done from the date of the order of the AO - 1.6.2021 In the given case, the rate at which interest has to be computed is 11.75% (8.5%+3.25%). In simple terms, interest on 1 crore on which additional tax is not paid shall be computed at the rate of 11.75% for the period of 1.6.2021 to 31.3.2021 and the interest on 1 crore on which additional tax has been paid shall be computed at the rate of 11.75% for the period of 1.6.2021 to 1.12.2021. The calculation comes to approximately Rs. 15.6 lakhs.
B S Suraj
CA Final
★ 32K+
1
651
ITC
Indirect Taxation
answered on 20-May-22 23:00
Sir .... Registration apply within 30 days Untill i recieve certificate of registration Date of liability arise - certificate of registration ( in this period i am selling the goods , gst should form part of my cost ( here gst means. I pay gst when i bought it should i add into my sale value ) when i am selling that goods in those period )
latest answer
Yess
Nivetharaman Raman
CA Foundation
★ 11K+
6
551
As 12 Government grants.......
Accountancy
answered on 20-May-22 21:55
In certain cases government grants are refunded , how cab I find out this grant is refund to government?? What are the categories
latest answer
Thank you
MPR Sanjay Kumar
CA Inter
★ 530
4
459