Forums
TCS on alcoholic liquor for human consumption??
Direct Taxation
answered on 18-Aug-21 15:18
TCS should be collected on alcoholic liquor for human consumption it means the bars & restaurant which we see generally collects tax from the people who buy there?? Is my interpretation correct??from whom we need to collect tcs??
latest answer
scrap means waste and scrap from the manufacture or mechanical working of materials which is definitely not usable as such because of breakage, cutting up, wear and other reasons.
vasabattula abhinav
CA Final
★ 85
5
2K+
Divided from chit is taxable??
Direct Taxation
answered on 19-Aug-21 10:37
Divided from chit to be taxed in the year of receipt??
latest answer
Not taxable
vasabattula abhinav
CA Final
★ 85
1
620
Updates
Indirect Taxation
answered on 22-Aug-21 20:22
Sir topic exclusions in this pdf Are not applicable for nov 2021 am i right?
latest answer
Ok sir
Balaji R
CA Final
★ 20K+
3
677
234A 234F SECTIONS?
Direct Taxation
answered on 18-Aug-21 14:36
Whenever we have 234a we can say that there will be 234f also? Or when there is 234f there will be 234a also??
latest answer
Thank you so much
vasabattula abhinav
CA Final
★ 85
2
607
Chapter vi A
Direct Taxation
answered on 19-Aug-21 11:18
If calculating gross total income exclude long term and short term (111a,112,112a) and casual income but after chapter vi A deduction calculation they only omit long term only Ex if gross income(10000,long 4000,short3000) Chapter vi a deduction 11000 Only omit long term 4000 and take total 13000(gross +short) and deduct 11000 Remaining total adjusted gross(2000+4000long) which is correct
latest answer
Thanks
INDRAJITH S
CA Inter
★ 5K+
4
685
Redemption of preference shares
Accountancy
answered on 22-Aug-21 20:31
Since the pref shares redeemed is 17900.face value sd b 179000 right sir.. Y hv dey taken 180000
latest answer
Ok sir tq
Shru Kanda
CA Inter
★ 610
2
570
Company accounts
Accountancy
answered on 18-Aug-21 12:31
Subhas Ltd. invited applications for 20000 shares of Rs. 10 each at a premium of Rs.2 per share payable Rs.3 on application; Rs.7 on allotment including premium and the balance on first and final call. Applications for 25000 shares were received. It was decided: · To refuse allotment to the applicants for 1000 shares. · To allot in full to applicants for 4000 shares. · To allot the balance of shares pro-rata among the other applicants of the remaining applicants. · To utilize the excess application money in part payment of allotment money. Mr.â??Aâ?? holding 200 shares which were allotted pro-rata failed to pay the amount due on allotment and call. Mr.â??Bâ?? holding 100 shares to whom full allotment was made failed to pay the call money. Shares of both A and B were forfeited. 160 forfeited shares of â??Aâ?? and 40 forfeited shares of â??Bâ?? were reissued to Mr.â??Câ?? Rs.9 per share. Journalize the transactions
latest answer
Please send your answer we will correct if required.
Priya Anandan
CA Inter
★ 810
1
786
Goodwill
Accountancy
answered on 18-Aug-21 12:23
If no of years purchase not given in goodwill sum. Can we assume the years and calculate it
latest answer
Ok Thankyou sir.
S.P. RAYAN
CA Inter
★ 3K+
4
601
Writing off loss on issue of debenture
Accountancy
answered on 21-Aug-21 12:09
In this question , why have they taken 20lakhs for 1st and 2nd year ??
latest answer
Aree debentures are being redeemed at the end of 2nd year so the value of debentures o/s for the first 2 years will be 20 lakhs na .i.e., same amount will be o/s till the debentures are redeemed
Reetikaa R
CA Final
★ 7K+
3
669
Journals
Accountancy
answered on 18-Aug-21 10:13
Goods(cost price rs.200;sales price rs.250) taken by proprietor for personal use Ans: drawings a/c dr. To purchases a/c My doubt is what amount is to be recorded here cost or sales price and why?
latest answer
Thank you ��
gopika sivaperumal
CA Inter
★ 6K+
2
716