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Dropping out of Presumptive Taxation before specified limit
Direct Taxation
answered on 28-Dec-21 10:42
Is tax audit applicable, if we opted out of Presumptive Taxation before completing 5 yrs, and if turnover within the limits.
latest answer
Audit is applicable if total income exceeds the maximum amount which is not chargeable to income-tax
Noor Rehman
CA Final
★ 835
1
584
Forefiture of shares
Accountancy
answered on 28-Dec-21 16:55
Sir for 6a question I passed entires like j.e for ram shares Equity share capital a/c Dr . 1000 To equity share allotment a/c 200 To equity share first call a/c 300 To equity Share first and final call a/c 400 To forefiture shares 100. Will they give marks for it . Same procedure I followed for others also.
latest answer
Okay sir.
Aditya A.D
CA Foundation
★ 10K+
12
585
Pre-post profit of incorporation
Accountancy
answered on 28-Dec-21 12:11
What is the difference between capital profit & revenue profit??
latest answer
Capital profit - earned by selling assets, shares and debentures when Sale value > book value and face value. Revenue profit - earned in the ordinary course of the business i.e. sale of goods / services.
Rakesh Shah
CA Final
★ 5K+
1
470
ICITSS- IT batch
Others
answered on 28-Dec-21 20:18
What are students supposed to do if there is no ICITSS batch in their branch? There is no batch in Goa at the moment and we are told that they will organise only if there are enough students. Should we go outside state to do our training ?
latest answer
Hi! It's not displayed on the site. It's in Western right ?
Jeremiah Pacheco
CA Final
★ 9K+
3
671
elasticity of demand
Economics
answered on 27-Dec-21 12:08
sir in which video you explained elastysity of demand = upper segment / lower segment ???
latest answer
ok sir
Niranjan Bhat
CA Final
★ 10K+
2
549
Profits and gains of business or profession (Section 31)
Direct Taxation
answered on 26-Dec-21 14:33
If an asset is used for part of a previous year and then discarded, will the insurance and repair charges on such asset be allowed as deduction?
latest answer
Yes. Once the asset is put to use it forms part of block. Non utilisation later on is not going to restrict deduction
Rinuja TK
CA Inter
★ 10K+
1
528
Coaching
Others
answered on 27-Dec-21 10:26
Thinking to join ca inter coaching , I am 25 Years old .Can I join coaching or leave ca .
latest answer
Age is not the factor. Your aptitude and efforts matter. Please review your performance and know the reason for not clearing your four attempts. You can always join classes and better your performance
Usha V C
CA Inter
★ 13K+
4
591
Profits and gains of business or profession (Section 31)
Direct Taxation
answered on 26-Dec-21 14:48
If an asset is used for part of a previous year and then discarded, will the insurance and repair charges on such asset be allowed as deduction?
latest answer
yes
Rinuja TK
CA Inter
★ 10K+
1
515
What is the answer explain
Economics
answered on 15-Mar-22 10:00
Law of diminishing marginal utility is derived from? a) consumer surplus b) Additional utility C) total utility D) Producer surplus
latest answer
B ) option is correct Marginal utility is derived from one extra additional utility
Dhakshana Dhakshana
CFA L2
★ 18K+
7
621
Matrices
Maths & Stats
answered on 26-Dec-21 11:19
In which topic I will get to study about matrices in maths....
latest answer
Ok, thankyou very much
Ved Bishnoi
CA Foundation
★ 150
3
540