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LAW
Corporate & Other Laws
answered on 21-Oct-21 08:09
any amendments are there in law can any one tell me
latest answer
ok sir
Bala Chandar
CA Final
★ 5K+
3
522
Long term capital gains(practical question)
Direct Taxation
answered on 21-Oct-21 08:34
If 3 people brought land together at rs.880500 in 2015-16 And gave for development in 18-19 Sale taken place in 21-22 for rs.1920000 what will be capital gains for 1 person who sold his ? My view.. Cost of acq will be 880500/3=293500 Indexed cost = 293500*317/254=366297 Sale= 1920000 Sale - indexed cost= 1553702 Long term gains = 1553702 x 20%=Rs..310740 Some people say that there will be cost when you gave for land development(rule statement in deed) where builder calculates his marketvalue and you need to take the proportionate sft for ur land..and it will form part of your cost..is this a valid form to do?can anyone explain this?do we need to take that cost also?
latest answer
U need to take cost of improvement also with indexation
vasabattula abhinav
CA Final
★ 85
1
595
Dividend
Corporate & Other Laws
answered on 21-Oct-21 11:35
Please explain the below question with reason
latest answer
Third proviso to Sec 123(1) restricts any thing else other than free reserves "Provided further that where, owing to inadequacy or absence of profits in any financial year, any company proposes to declare dividend out of the accumulated profits earned by it in previous years and transferred by the company to the free reserves, such declaration of dividend shall not be made except in accordance with such rules as may be prescribed in this behalf:"
Star Ca
CA Inter
★ 3K+
1
484
BCK
Economics
answered on 21-Oct-21 07:50
One statement is given in module of bck .... Private co. Shares are not freely tradable on stock exchange .... Public co.. Shares are freely tradable on stock exchange .... Why this type of restrictions on private co and why this type of freedom for public co..... Can you tell me
latest answer
ok sir
Balachandar S
CA Inter
★ 59K+
4
602
Can someone solve this problem
Direct Taxation
answered on 22-Oct-21 10:38
Mrs. Goel owns a house property at Allahabad, which is let out for residential purposes, particulars of which are as follows: S.No. Particulars Rs. (i) Annual rent 60,000 (ii) Municipal valuation 48,000 (iii) Municipal taxes (paid tenant) 4,000 (iv) Expenses incurred (a) Repairs met by tenant 3,000 (b) Fire insurance premium paid 1,500 (c) Electricity and water charges paid by Shri Goel 5,400 (d) Lift maintenance charges paid by Shri Goel 2,400 Ã? During the previous year 2008-2009, he had claimed a deduction of unrealized rent of Rs.22,500 out of which Rs.16,500 was allowed as deduction for that year. Ã? On 10.8.2020, however, he recovered Rs.10,500 from the defaulting tenant. Rs.60,000 is a composite rent of property, as well as amenities provide to the tenant. Compute the â??Income from house propertyâ?? for the assessment year.
latest answer
In a case where letting out of building and letting out of other assets are inseparable, entire rent (i.e. composite rent) will be charged to tax under the head "Profits and gains of business and profession" or "Income from other sources", as the case may be.
Sushma Verma
CA Inter
★ 2K+
5
1K+
Where can I get the answer key for economics test paper. The question paper are given at the end of the class
Economics
answered on 21-Oct-21 07:50
Help me
latest answer
if you are referring to mock test - pls write mock and send us the answer sheet and we shall evaluate it
Dhakshana Dhakshana
CFA L2
★ 18K+
1
542
Theory of demand and supply
Economics
answered on 03-Nov-21 20:02
In the below question why can't we assume imperial notebook as good x instead of Royal note book
latest answer
Its upto you to choose which is x and y
Soumya A
CA Inter
★ 20K+
2
539
Process Costing
Costing
answered on 21-Oct-21 22:23
While Preparation of Statement of Equivalent Units How much % of completion taken for valuation of Abnormal Loss units .. Is it related with output or Closing WIP
latest answer
Thanks to all
Mahantesh Biradar
CMA Final
★ 15K+
3
627
Nominee qualification in OPC
Corporate & Other Laws
answered on 21-Oct-21 13:49
In Corporate law video 57 or part 3, the conclusion drawn, for the case study on whether Nisha has to withdraw her nominee because she has to leave the country post marriage, is that she is not eligible as she is not a resident. However, in the explanation the criteria states that the nominee has to be a. natural person, b. indian citizen, c. whether resident of otherwise. If resident or otherwise is what is stated in rule 3, Nisha can continue to be a nominee. Why it is stated she cannot continue. Please clarify.
latest answer
You are right, Person need not be resident in India for OPC nominee as long as he / she is Indian Citizen, And natural person
John Selvaraj
CA Inter
★ 140
2
603
Deposits premature repayment concept.
Corporate & Other Laws
answered on 22-Oct-21 14:01
Mam, please answer the below MCQ with reason
latest answer
Thank you mam.
Star Ca
CA Inter
★ 3K+
2
739