Forums
Payment of tax
Indirect Taxation
answered on 08-Mar-22 17:19
Suppose my tax liability of July month is pending and while filling return of Aug in month of September I have to pay 20000 towards July liability and 10000 towards Aug liability and I have 50000 of ITC but... before/on 20 Aug i.e due date of filing return for July I had only 10000 in my ele cr ledger (ITC) ... on what amt I have to pay interest if all tax liability I.e 40000 paid through electronic credit ledger
latest answer
In August month return, if july data is shown separately then interest would arise.
Gauri Shete
CA Final
★ 5K+
1
542
EQUITY VALUATION QNS NO 33
AFM
answered on 08-Mar-22 11:55
SIR IN PART B, THE ACTUAL REASON FOR ADDING THE NPV OF PROJECT IN TERP AND IN PART D IN CASE OF PUBLIC ISSUE WHY THE SHARE COUNT IS NOT INCREASED FROM 50 TO 100 CRORES AND WHY SUBSCRIPTION AMOUNT OF 150 CRORES ARE NOT ADDED. KINDLY SOLVE THIS DOUBT SIR.
latest answer
ok
Sriram Prakash Palanivelrajan
CA Final
★ 0
3
721
Investment accounts
Accountancy
answered on 08-Mar-22 11:44
Sir since the dividend is declared for the year ended 31st March 2001 but dividend is also calculated even for the shares that are purchased on 1st June 2001 and such dividend is adjusted in current year cost . generally it should be adjusted for the next year but y they have adjusted for the current year . Please tel me the reason sir
latest answer
Please see video 12 once again
Dimple Keziya
CA Inter
★ 4K+
9
577
Materiality of lawyers fee
Auditing
answered on 08-Mar-22 08:03
Does payment to lawyer in financial statements material irrespective of effect case involved ?
latest answer
An auditor wont know the impact till the time such payments are checked. So they would be material.
MATURU HAMSA GAYATRI
CA Final
★ 23K+
1
532
cost of capital book back 6th sum
Financial Management
answered on 08-Mar-22 06:25
Im not able to understand the way they calculated new cost of equity after proposal. Mainly how that 600000 came?
latest answer
The 75 lakhs was fully financed by debt which bears intrest rate of 8 % So, 75lakhs * 8%= 6lakhs
Ashwathi selvanathan
CA Inter
★ 2K+
1
662
AS-11
Accountancy
answered on 08-Mar-22 11:22
In AS-11 we have additional old amendment, in that we can transfer for the forex fluctuation amout to the FCMITD account for non depressible assets. Here when we will transfer the amount to p & l? If we transfer the amount by year end. at what portion we should transfer and to which account we should transfer?
latest answer
It can be amortised over the remaining life of the liability. SLM basis is fine.
Narendra Gowda
CA Inter
★ 270
1
479
Amendment notes
Direct Taxation
answered on 15-Mar-22 11:01
I purchased nov 21 income tax lectures nd now extended to may 22. I have nov 21 notes, so can anybody share the amendment notes for may 22.
latest answer
May 22 Amendment notes available in Free Resources. Happy Learning
Ramesh Ramesh
CA Inter
★ 5
7
554
Regarding Exemption Rules
Others
answered on 07-Mar-22 23:06
Sir I appeared ca final both groups in Dec 21 attempt got Exemption in Paper 6D but failed in both the groups. But In May 22 attempt I am planning to write Group 1 only. My doubt is While applying for Examination form Apply Both Groups for to eligible for Exemption ? or applying for one group 1 is enough? In case I already applied for Exam form Group 1 only Is there any changes to do further?
latest answer
Thank you sir
Ramesh Kuchipudi
CA Final
★ 90
2
443
Provision of courses for nov 2024
Others
answered on 08-Mar-22 12:30
Please provide for niv 2024 to start prep early
latest answer
Ok sir
vijay anvesh
CA Final
★ 85
4
578
Illustration 5, page 15.45
Costing
answered on 08-Mar-22 11:37
Why did they have (contribution Ã?sales ratio) what does it indicate.....plz explain me the working note 3 and highlighted part of WN1
latest answer
1. Sales ratio 3:4:2. We arrived at contribution for each sub assembly unit. If we multiply it with expected sales ratio, we will get the total contribution per batch. 2. Desired profit is Rs. 12 Lakhs. We also have fixed OH. In order to meet this target, we must have desired contribution of Rs. 19,57,200. We calculated in working note that the total contribution comes to Rs. 932 per batch. Then, it is easy to calculate number of batches
Gauri Shete
CA Final
★ 5K+
1
498