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As 5
Accountancy
answered on 16-Mar-22 12:50
In question 2.5 for year ended 2007 the insurance claim is still an contingent asset ,how can it be considered as an extra ordinary activity for that year.It is received only during 2008 so the entry will be passed only when such claim is received
latest answer
Please post a clear picture
pradyumna hariramani
CA Inter
★ 290
1
492
Doubt
Accountancy
answered on 21-Mar-22 10:56
Why legislative changes having long retrospective application is ordinary activity.What does it mean exactly?
latest answer
For e.g few income tax provisions are made applicable retrospective. The impact of same is considered to be an ordinary activity.
pradyumna hariramani
CA Inter
★ 290
3
447
Capital gains
Direct Taxation
answered on 15-Mar-22 21:29
In the below prblm what is the SDV if not satisfied above conditions mentioned in the question whether it is on registration process date or handover date
latest answer
As 20 %received through account payee cheque we take SDV AS ON AGREEMENT DATE and but generally I mean not received through account payee cheque etc we take SDV ON REGISTRATION DATE
Lakki Kamu
CA Final
★ 4K+
1
597
Undue influence
Corporate & Other Laws
answered on 16-Mar-22 07:05
Please explain example 12 in layman's language. I don't understand who got debt, who has pay and all.
latest answer
Understood sis.
Vijay K
CA Inter
★ 9K+
2
503
Composition scheme
Indirect Taxation
answered on 17-Mar-22 08:44
Can someone help me by checking whether I am correct or wrong in the solution part that I have written? PDF attached below.
latest answer
Thank you so much
Girinath A
CA Inter
★ 765
3
611
Liquidation of companies illustration 2
Accountancy
answered on 21-Mar-22 10:52
Im not able to understand this mainly that balance part
latest answer
Security is 100000 so balance 25000 is unsecured.
Ashwathi selvanathan
CA Inter
★ 2K+
2
451
Profit (Loss) prior to incorporation
Accountancy
answered on 15-Mar-22 17:25
Pre and post incorporation & Profit (loss) prior to incorporation both are same chapter or not...?
latest answer
Thank you Sir
Ravikumar Pandi
CA Inter
★ 2K+
2
493
Startup
AFM
answered on 15-Mar-22 20:52
How are Jun 2016 round and Jan 2018 round both series G. How can they be the same funding round? https://craft.co/uber/funding-rounds#:~:text=Uber%20has%20raised%20%2423.9%20b,for%20a%20%245.4%20m%20valuation.
latest answer
error in attribution. ignore it..
Aman Mahajan
CA Final
★ 19K+
1
624
Capital gains
Direct Taxation
answered on 16-Mar-22 10:48
What is event ,year of transfer,year of chargeability, Consideration,indexation period for sec 45(1B) related to unit linked insurance receipts(ulip)
latest answer
yes
Lakki Kamu
CA Final
★ 4K+
3
484
AS 16
Accountancy
answered on 15-Mar-22 14:26
For e.g., If actual interest on foreign currency loan taken for a specific project is Rs. 10000. But the interest that would've resulted if the loan was taken in local currency is Rs. 8000. Rs. 8000 will be accounted for as per AS 16 and Rs. 2000 would go into P/L. Am I right?
latest answer
Ok sir
Sibi Srinivasan
CA Final
★ 22K+
2
540