Forums
Capital gain account scheme
Direct Taxation
answered on 04-Jun-21 20:40
If the residential property was sold in Dec 1, 2020 with the intention of buying another residential property, and if the purchase of property takes time, should the capital gain be deposited in capital gains account a. within 6 months from the date of sale or b. before the date of filing of returns, July 31 2021.
latest answer
B
John Selvaraj
CA Inter
★ 140
2
666
managing Director
Corporate & Other Laws
answered on 04-Jun-21 15:48
Is MD of a company part of BOD
latest answer
All directors are . He is â?? managing directorâ??
Shreesha .T.u
CA Foundation
★ 2K+
1
633
long term capital gain calculation
Direct Taxation
answered on 04-Jun-21 16:24
In long-term capital gain computation, should we include in the cost of acquisition, the cost incurred in the form of stamp duty paid and registration fee paid in addition to the sale consideration and do the calculation to find out the indexed cost of acquisition? In short, whether stamp duty paid and registration fee forms part of cost of acquisition?
latest answer
Yes the stamp duty paid will be added in the cost of acquisition
John Selvaraj
CA Inter
★ 140
1
660
Miscellaneous
Others
answered on 04-Jun-21 16:33
I have recently purchased the course and I have a question...you all might find it weird or funny...Why do all the faculties wear sweaters?? ( P.S. I don't want to offend anyone )
latest answer
Thank you very much for the clarification....I am amazed by your devotion to provide best education and services to students!!!
Anjali Dhyade
CA Inter
★ 330
4
622
Courses
Others
answered on 04-Jun-21 19:05
Hello Ma'am/Sir Please extend the availability of the enrolled courses which are going to expire on 20th June.
latest answer
Thank you so much sir
Neha Gupta
CA Final
★ 4K+
4
593
Amalgamation
Accountancy
answered on 05-Jun-21 20:08
As the conditions for merger is satisfied can i solve this prob using pooling of interest method and write an assumption that the same is followed?
latest answer
Yes. After taking necessary assumptions.
Venkatesh Rathinam
CA Final
★ 15K+
1
709
Doubt in Sale of Goods Act 1930
Corporate & Other Laws
answered on 08-Jun-21 00:02
What is the difference between implied condition as to qualify and fitness and the implied condition as to wholesomeness? I feel both of them means the same.
latest answer
Condition as to quality and Fitness is nothing but Caveat Emptor(Let the Buyer be beware). Example: Bread packet in the super market. It is the duty of the buyer to choose the type of bread which will satisfy him. Condition as to Wholesomeness: It is applicable only to eatables and foodstuff. It means goods being sold should be fit for human consumption. Example: Ranbir brought two liters of milk. Alia, his wife drunk the milk and effected with typhoid. Ranbir sued Dairy Company and claimed damages. (Related Case law : Frost vs Aylesbury Dairy Company Limited).
Ojaswi Singhal
CA Foundation
★ 190
3
927
International Trade
Economics
answered on 06-Jul-21 00:37
Commodity Country A Country B Wheat (Units/Hour) - 6 1 Cloth (Units/Hour) - 4 5 How country B gains 24 cloth according to "the theory of absolute advantage"?
latest answer
If country b wants to produce 6 wheat it takes 6 hours of time if it rather spend this 6 hours in production of cotton it can produce 6 *5 is 30 cotton . So now or can get 6 wheat by giving 6 cotton and still it have surplus of 24 cotton
Rithani R.C
CA Inter
★ 4K+
2
687
MARGINAL RELIEF
Direct Taxation
answered on 08-Jun-21 16:51
Sir....., I watch basic concepts chapter NOV 2021 Classes of Indigolearn.But when I came across a question (below) , I got many Doubts that I can't clear myself.....SORRY IF IT'S TOO LONG / OUT-DATED QUESTION
latest answer
Thank U
Salman Faris
CA Final
★ 44K+
10
933
Monetary policy
Economics
answered on 04-Jun-21 09:50
What is the difference between Market Stabilization Scheme ( MSS) and Open Market Operations?
latest answer
got it! thank you so much!
Rithani R.C
CA Inter
★ 4K+
2
680