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net income
Direct Taxation
answered on 17-Jun-22 10:17
Mr. R and Mrs. R hold 20% and 30% equity shares in A Ltd. respectively. They are employed in A Ltd. (taxable salary being Rs.2,40,000 p.a. and Rs.3,60,000 p.a. respectively) without any technical or professional qualification. Other incomes of Mr. R and Mrs. R are Rs.70,000 and Rs.1,00,000 respectively. Find out the Net Income of Mr. R and Mrs. R for the AY 2022-23
latest answer
Take suitable assumption. If you assume it is gross taxable salary, then take standard deduction If you assume it is net taxable salary, then ignore
Shanmukh Vemuri
CMA Final
★ 5
11
603
National Income Product Method
Economics
answered on 30-Apr-22 10:29
What does the term intermediate consumption means?
latest answer
Understood Sir, Thank you
Swetha S
CA Inter
★ 15K+
6
477
IND AS 33 EPS
Financial Reporting
answered on 30-Apr-22 10:26
Can any one explain the tax benefit of Rs 2 in this illustration 7
latest answer
When debentures are converted, the entity would save interest - This increases the profit. On increased profit - management gets extra bonus On Bonus - the company gets tax benefit.
Chandu vadla
CA Final
★ 11K+
1
627
Mcq
Auditing
answered on 01-May-22 22:12
How it should b answer is d??
latest answer
Thankyou so much mam
Sathiya Bama
CA Final
★ 24K+
6
501
Scope of income
Direct Taxation
answered on 29-Apr-22 20:36
Why in q. 9 fees rendered to shine Ltd added in income of Mr.aushotsh (RandOR). How can a payment be a income
latest answer
You're welcome!
Harsh Mittal
CA Final
★ 1K+
5
469
Capital Gain
Direct Taxation
answered on 02-May-22 22:44
How in question 6 Mr. Suraj will have STCG of rs.11 lakhs and no IFOS income of rs.7 lakhs. As well his COA should be rs.7 lakhs as sec.49(4) so STCG in hands of Mr. Suraj should be rs. 54 lakhs
latest answer
Ok mam. Thank you mam
Harsh Mittal
CA Final
★ 1K+
10
601
AS 13 (Offset depreciation against appreciation)
Accountancy
answered on 29-Apr-22 19:24
It is possible to offset depreciation in investment mutual funds against appreciation of the value of investment in equity shares...?
latest answer
No
Ravikumar Pandi
CA Inter
★ 2K+
2
470
AS 13 Accounting for Investments
Accountancy
answered on 30-Apr-22 10:32
Investment reclassified, Current to long term: Investment valued at Carrying amount (i.e lower of cost or carrying amount) In this case difference between cost and carrying amount should be charged to P&L A/c or not...? i.e Cost is Rs. 18 lakhs ; Carrying amount is Rs. 12 lakhs. Investment valued at Rs. 12 lakhs, the difference of Rs. 6 lakhs want to charged to P&L A/c or not...?
latest answer
It will be charged to P&L
Ravikumar Pandi
CA Inter
★ 2K+
2
414
How to stick on to icai language
Others
answered on 29-Apr-22 21:44
I cleared the concepts...but while preparing for exams ... Not able to connect with icai language... Any tips or suggestions...
latest answer
1st should read IndigoLearn notes (Corporate Law and Auditing) after finished that then read examples in ICAI study material.
Madhu Reddy
CA Inter
★ 4K+
4
519
Presentation of answer
Accountancy
answered on 29-Apr-22 19:57
In case of ans involving many columns, can be turn the answer page n write like this?
latest answer
Yes ...but write it clearly
Mala Ca
CA Final
★ 23K+
3
409