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Indirect Taxation

answered on 01-Sep-21 10:24

Answer?

latest answer

It is 1,10,000 (1,00,000 plus 10,000). Maximum ITC that can be claimed in respect of the invoices not uploaded is 10% of eligible ITC. Refer Rule 36(4)

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

1

585

Salary head

Direct Taxation

answered on 01-Sep-21 11:04

Plz help me to solve this problem Plz tell me treatment of house rent allowance in this question..

latest answer

For 9 months only

Riya Goel

Riya Goel

CA Inter

4K+

4

578

Business laws Answer Writing

Corporate & Other Laws

answered on 01-Sep-21 10:30

Can we write law answers in our own words?

latest answer

Correct and in other descriptive answers, keywords are important. Quote section number only if you remember

Varun Mulay

Varun Mulay

CA Final

39K+

2

583

Charge

Corporate & Other Laws

answered on 01-Sep-21 10:34

Q6. What is the relevant section here?

latest answer

Along with Rule 12

Aman Mahajan

Aman Mahajan

CA Final

19K+

2

454

salaries-ILLUSTRATION

Direct Taxation

answered on 31-Aug-21 22:21

#15.Branch Manager: In that ques, whether DA should form part for RPF calculation bcz ques did not mention that it forms part of retirement benefit

latest answer

You can assume anything by writing the note for your assumption

GOKULA LAKSHMI

GOKULA LAKSHMI

CA Final

21K+

1

570

Cash flow statement-(indirect method)

Accountancy

answered on 01-Sep-21 17:28

How to calculate tax paid for this sum?

latest answer

This is covered in class. Did you go through it?

Rubika Sankar

Rubika Sankar

CMA Inter

370

1

550

Giidwill

Accountancy

answered on 31-Aug-21 16:32

In 6th question) After all the adjustment, the average profit is 17,500. Here NRR is not given, then how can we arrive at goodwill by super profit basis. And the answer is option ( b ) - 8,750.

latest answer

The average profit is 4,375 the the goodwill for the three years purchase is 8,750.

Vijay K

Vijay K

CA Inter

9K+

2

591

Salary head

Direct Taxation

answered on 31-Aug-21 16:08

Plz tell me how to solve this ques

latest answer

Okay sir Thanku

Riya Goel

Riya Goel

CA Inter

4K+

2

605

Exam centre

Others

answered on 01-Sep-21 10:16

How to request to icai for exam centre in new cities

latest answer

write a mail to Director Board of Studies bosnoida@icai.org

Balaji R

Balaji R

CA Final

20K+

2

573

Purchase consideration

Accountancy

answered on 01-Sep-21 10:36

I am having doubt regarding purchase consideration.when to use this method . IIL 8 and 11 8 - pg no :5 45 11-pg.no : 5.59

latest answer

Net Payment Method - the aggregate of all payments made in the form of shares, debentures, other securities and cash to the shareholders of the transferor company is taken as consideration Net Assets / Net Worth Method - is used when all the modes of discharging the purchase consideration (e.g. Pref. Shares, Equity shares or cash payable to shareholders of transferor company) are not given and hence where Net Payment Method cannot be adopted. Under this Method, purchase consideration is ascertained by aggregating the agreed values of only those assets which have been taken over by the transferee company and deducting it from the agreed value of liabilities taken over.

Prasanna Venkatesan

Prasanna Venkatesan

CA Final

3K+

3

802