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Significant Beneficial Owners
Corporate & Other Laws
answered on 03-Apr-22 17:49
Whatâ??s Form BEN 3 & BEN 4 about?
latest answer
Okay Sir
Swetha S
CA Inter
★ 15K+
2
525
Deduction for housing loan
Direct Taxation
answered on 02-Apr-22 19:59
If husband and wife taken a housing loan jointly. Interest for the financial year is 50000. Can husband and wife claim deduction equally under this section Interest claimed by husband for an amount 25000 Interest claimed by wife for an amount 25000
latest answer
Yes. Provided it has been paid by both
Mathews Johnson
ACCA Skill
★ 9K+
1
467
Material costing
Costing
answered on 02-Apr-22 18:54
Cost of collecting material is ordering cost or carrying cost
latest answer
Ordering.
om prakash
CA Inter
★ 110
1
632
AS - 3
Accountancy
answered on 02-Apr-22 18:05
Good evening Sir/Madam, In the CA Intermediate classes - Group 1 Accounting Standards - AS 3 Cash flow statement - Module 18 named "Illustration 6 - Part 2" , there the Cash flow statement is prepared under Indirect method. But , Why we did not add back the "Provision for taxation" to the net profit , being the non-cash item. Kindly clarify Sir/Madam.
latest answer
We would have taken net profit before tax
Avasarala Vivek Aditya
CA Inter
★ 6K+
2
493
Process costing
Costing
answered on 04-Apr-22 11:38
What is the meaning of this line?
latest answer
Work in process (stock in process) valuation is done at prime cost (direct material, direct labour and direct expenses taken per unit)
Sumita Shah
CA Inter
★ 2K+
2
419
Course guides
Others
answered on 02-Apr-22 20:44
I hope all of them are preparing well and just I want all of you to just go in course guides and just see notes section or any guidance if you are stuck at an point. They have drafted such unique way of note taking and it would be beneficial if you just visit those and incorporate within your preparation. Certain smart works are necessary for excelling in exams and just go through it once.
latest answer
See in menu section course guided
Sugam SM
CA Final
★ 9K+
2
438
PGBP
Direct Taxation
answered on 04-Apr-22 10:26
In excercise Q8 presumptive income u/s 44AE is given as 13,72,500. Why no deduction of depreciation and other expenditure taken?
latest answer
For your Reference - Section 44AE(3) - Any deduction allowable under the provisions of sections 30 to 38 shall be deemed to have been already given full effect to and no further deduction under those sections shall be allowed. And, if assessee is a firm, salary and interest to the partners shall be deducted from the above income as per section 40(b)
Harsh Mittal
CA Final
★ 1K+
6
516
Deduction under section 80e
Direct Taxation
answered on 02-Apr-22 15:37
Can i claim interest deduction under sec 80 e for pursuing education outside india
latest answer
It does not matter whether such education loan is taken for higher studies in India or outside India.
Mathews Johnson
ACCA Skill
★ 9K+
1
476
Against public policy (void agreement)
Corporate & Other Laws
answered on 02-Apr-22 15:59
Please explain the speculative transaction and kindly give an example.
latest answer
Understood, thanks bro
Vijay K
CA Inter
★ 9K+
3
601
PGBP depreciation
Direct Taxation
answered on 02-Apr-22 15:34
Wdv of plant and machinery is 4,20,000 on 1.4.2021. A new plant falling under same block is purchased on 1.7.2021 for 70,000. One old plant is sold on 1.8.2021 for 50,000. What will be the depreciation ?
latest answer
Thankyou
Harsh Mittal
CA Final
★ 1K+
5
510