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Accountancy

answered on 26-Aug-21 16:13

How they allot debentures for underwritters(red mark in image) Even though in question doesn't mention about this...

latest answer

Sry got it mam Thank you

Balaji R

Balaji R

CA Final

20K+

6

616

Sec 80 CCD 1B

Direct Taxation

answered on 26-Aug-21 14:20

Suppose if a govt employee is contributing 30000 to NPS from his own salary. And 130000 to PPF. So in order to claim whole 30000 as deduction. Can he claim first whole 30000 in 80 CCD 1B and then 1.3L in 80C. Is that right.

latest answer

Yes

Tanmay Gupta

Tanmay Gupta

CA Inter

8K+

1

679

About exam

Others

answered on 26-Aug-21 15:11

When should we apply for exam ...

latest answer

Thank you sir

Susai Yappan

Susai Yappan

CA Inter

12K+

3

662

redemption of debentures

Accountancy

answered on 26-Aug-21 11:38

The profit on cancellation of debentures will be charged against profits or loss account , right ?

latest answer

Ok , thank you

Susai Yappan

Susai Yappan

CA Inter

12K+

2

536

Student journal

Others

answered on 26-Aug-21 15:51

During registration, I paid 400 for.journal . But still I didn't get. What shd I do ?

latest answer

You need to check with ICAI

Reetikaa R

Reetikaa R

CA Final

7K+

1

594

Different between the provisions and contingent liability

Accountancy

answered on 26-Aug-21 15:31

In provision, we can estimate the amount but it isn't reasonable accuracy. In contingent liability can we estimate the amount or don't the amount.

latest answer

Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts. Accounting policies are the specific principles and procedures followed by a company's management team (may change from company to company) that are used to prepare its financial statements. Accounting standards are common (they apply to all entities)(like law) sets of principles, standards, and procedures that define the basis of financial accounting policies and practices. (you will learn more of these standards at intermediate level) All of these make the books of accounts and at the end financial statements

Vani

Vani

CA Foundation

2K+

9

788

Sale OF Goods Act , 1930

Corporate & Other Laws

answered on 26-Aug-21 09:58

What is difference between Specified goods and Ascertained Goods ? Explain with example.

latest answer

Specified [Sec 2(14)] - Goods individually identified and approved at the time of the contract. Ex: Selling a 20 yr antique piece in your house Ascertained - This is a type not defined by the law but by the judicial interpretation. This term is used for specific goods which have been selected from a larger set of goods. Ex : Selling all chairs from your house, out of that only two chairs are specifically ascertained for a contract

Varun Mulay

Varun Mulay

CA Final

39K+

1

521

Voting Rights

Corporate & Other Laws

answered on 26-Aug-21 08:40

Differential rights doesn't exit 26% in icai books But in corporate law class which is 74% Which is correct???

latest answer

Thanks sir

INDRAJITH S

INDRAJITH S

CA Inter

5K+

2

576

Residential Status -Sec.6(1)

Direct Taxation

answered on 27-Aug-21 07:59

There is a replacement of 60 days to 120 days and 182 days for checking the residential status, in both cases applicable for Indian Citizens and Indian Origin.?

latest answer

Only to indian citizen

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

3

629

Accounting concepts

Accountancy

answered on 26-Aug-21 15:25

In accounting concepts there are all lot of concepts. Is we use all concepts or only fundamental accounting assumption?

latest answer

Followed they are basics of accounting and without them double entry accounts cant be done so its like followed by default

Vani

Vani

CA Foundation

2K+

3

464