Forums
PGBP
Direct Taxation
answered on 27-Jun-21 10:23
Sir if Assesse is mainly engaged in buying and selling Shares.. Then dividend received comes under which head Sir ? PGBP or IFOS.
latest answer
Dividend always taxable u/h other sources irrespective of the fact whether the assessee is engaged in the business of buying /selling shares or not .
M Naresh
CA Final
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Mcq
Indirect Taxation
answered on 27-Jun-21 15:50
Explanation needed
latest answer
Number of calculators is not mentioned in the question given. Information is not complete.
Sathiya Bama
CA Final
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8
572
Capital and revenue expenditures
Accountancy
answered on 27-Jun-21 12:10
In the ICAI study material the amount paid to bring the inventory to current place is treated as revenue expenditure. But we have studied that the expenses incurred to bring the inventory to current place and position should be added to the cost of inventory so it goes to the Balance sheet. Kindly explain the confusion.thankyou.
latest answer
Thankyou so much sir. Feeling so happy i got such great passionate teachers like you.
Aswin Chandar
CA Final
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Doubt
Corporate & Other Laws
answered on 27-Jun-21 06:30
Why in this example grace days are not considered?
latest answer
Yes! They considered grace days , promissory note is presented jan 1, he made payment 4 th Jan(i.e three grace days from the maturity). Ans is Bharath can object the claim of Bhushan.
Sri kanaga Varshini
CA Final
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Sec 68
Corporate & Other Laws
answered on 28-Jun-21 13:08
While computing debt equity ratio under this section, do we have to take current liabilities as well?
latest answer
They are not debt - they will not be included
Aman Mahajan
CA Final
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4
593
House property
Direct Taxation
answered on 26-Jun-21 22:13
Sir in case of deemed ownership u/s 27 if owner transfers a property to a major child instead of minor child for inadequate consideration, then also he would be treated as deemed owner?
latest answer
Ok ji thank u soo much
Likhitha Sivani
CA Final
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841
Acceptance of deposits
Corporate & Other Laws
answered on 27-Jun-21 13:07
1. Whether eligible company can also accept unsecured deposits from public? 2. Whether deposits to be renewed every year during its tenure?
latest answer
1. It can. Provided such deposits are termed "unsecured deposits" in every circular, form , advertisement etc 2. No Such requirement of renewal
Nivedha Balaji
CA Final
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1
532
Pgbp
Direct Taxation
answered on 26-Jun-21 21:42
In sec 32 The assesse can get deduction under 32 depreciation, additional depreciation @35 and 32 AD in three simultaneously
latest answer
Generally depreciation is reduced from WDV of block. But 32AD is a deduction and it is not reduced.
Kanaga Mani
CA Inter
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3
607
Doubt
Costing
answered on 28-Jun-21 16:56
Pls explain the journal entry given below
latest answer
Ok
Gomathi K
CA Final
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2
652
Acceptance of deposits - Maximum amount for Private companies
Corporate & Other Laws
answered on 26-Jun-21 20:20
The exception to maximum amount is given to start ups. Whether it is for 5 years or 10 years from its date of incorporation?
latest answer
Thank you sir
Nivedha Balaji
CA Final
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