powered by logo

Forums

Reserves

Accountancy

answered on 15-May-21 11:37

Is general reserve same as free reserve?

latest answer

Thanks for adding value. Yes, it's a special reserve, but a free reserve only. A company may not earn consistent profits every year. To maintain similar level of dividends, it may transfer amounts to a special reserve.

Punitha Krishnaraj

Punitha Krishnaraj

CA Final

5K+

5

712

Query related to ca foundation registration

Exams

answered on 14-May-21 14:34

Hii , I want to do provisional registration for ca foundation, in payment option.. Sir is it necessary that the Dr card must be of student .. parents or any other person's Dr card can work or not ??

latest answer

It can be anybody's

sujal jaiswal

sujal jaiswal

CA Foundation

485

1

664

Answers of illustration

Financial Management

answered on 14-May-21 13:21

Where do we get answers of illustrations??

latest answer

Its available in the course.

Kriti Agarwal

Kriti Agarwal

CA Inter

690

1

871

Sec 82 v Sec 87

Corporate & Other Laws

answered on 14-May-21 12:33

Sec 82 says " The registrar on application by the company may extend the time limit of registration of satisfaction of charge" But sec 87 says that such application must be made to the central government. Please explain sir

latest answer

In addition Sec 87 also covers a situation requesting extension of time where filing is not made within a period of three hundred days from the date of such payment or satisfaction. (Registrar could extend 30 days to 300 days)

TarunGopi Katragadda

TarunGopi Katragadda

CA Inter

135

2

707

monopolistic

Economics

answered on 15-May-21 07:54

who determines price in above mentioned market ....individual firms or industry

latest answer

Advertisement plays an important role in this market situation

Shreesha .T.u

Shreesha .T.u

CA Foundation

2K+

3

714

ITC claim

Indirect Taxation

answered on 14-May-21 11:38

Can hospitals claim ITC for the service used other than health related.

latest answer

ITC related to the exempt service cannot be claimed but other ITC can be claimed.

Deepak P

Deepak P

CA Inter

580

1

706

ITC claim

Indirect Taxation

answered on 14-May-21 17:20

Can hospitals claim ITC for the service used other than health related.

latest answer

Yes, other than exempted services gst

Deepak P

Deepak P

CA Inter

580

1

622

ITC claim

Indirect Taxation

answered on 14-May-21 17:24

Can hospitals claim ITC for the service used other than health related.

latest answer

Hospital is not eligible for the credit of tax paid on the Input services used exclusively for providing exempt services of health services to in patients such as laundry services used for in patients. For Input services such as housekeeping, leasing of equipment used for both exempt supply of health services to in patients and taxable supply of medicines etc. to outpatients , the appropriate ITC eligible is determined by Rule 42

Deepak P

Deepak P

CA Inter

580

1

659

Departmental accounts

Accountancy

answered on 17-May-21 19:05

In this question, stock of worth Rs.6,900/- has been transferred from Khadi to silk department. Why the selling price of Khadi department has not been considered as cost for Silk department?

latest answer

Thank you sir

Nivedha Balaji

Nivedha Balaji

CA Final

9K+

8

838

Legislative power before constitution

Corporate & Other Laws

answered on 14-May-21 18:48

Can you please explain the difference between Dominion legislature, Indian Legislature, Governor General and Governor general in council?

latest answer

Ok sir thanks

ALDRIN G

ALDRIN G

CA Inter

12K+

2

883