Forums
Ratio analysis
Financial Management
answered on 14-May-21 19:30
Is net asset is equal to capital employed?
latest answer
Thank you mam
Miradevi S
CA Final
★ 16K+
5
840
Negotiable instruments act
Corporate & Other Laws
answered on 13-May-21 14:18
15 th question answer is whether a or b
latest answer
Answer would be a - next preceding business day (Sec 25)
Sathiya Bama
CA Final
★ 24K+
2
649
Sec141(3)
Auditing
answered on 14-May-21 19:48
An LLP can be appointed as auditor eventhough it is a body corporate. My question is why LLP can be appointed as auditor?is there any specific reason?
latest answer
In LLP at least one partner rests with unlimited liability this will safeguard the client. To protect the interest of client LLP can definitely cannot escape from the liability so it will be eligible to act as a auditor
Harsha Vardhan
CA Inter
★ 2K+
2
637
Disqualification of auditor
Auditing
answered on 13-May-21 10:43
In disqualification, Relative may hold securities of face value not exceeding Rs.100000. My doubt is face value of Rs. 100000 is for each relative separately or in aggregate?
latest answer
Limit must be calculated in aggregate.
Vicky 027
CA Inter
★ 2K+
2
654
Face value
Accountancy
answered on 13-May-21 12:20
Why all share will have face value 10 and how face value is calculated .
latest answer
Face value of a share, also known as the par value, is the value at which a share is listed on the stock market. The face value of share can be taken up from Rs.1 but Majorly, the shares of Indian companies have a face value of Rs.10. There are no fixed criteria for deciding on the face value of a stock. It is fixed by the company, once it decides to issue its shares and bonds.
Shreesha .T.u
CA Foundation
★ 2K+
2
676
Sec. 40(a)(ii) & Sec. 40(a)(iib)
Direct Taxation
answered on 13-May-21 10:57
Sec. 40(a)(ii) - Income tax ,Sec. 40(a)(iib) - Royalty, licence fees, etc. payable by State Government Undertaking. The expenses mentioned in the below sections are fully disallowed?
latest answer
yes
Balamurali Unnithan M S
CA Inter
★ 3K+
5
884
Sec. 40(a)(ii) & Sec. 40(a)(iib)
Direct Taxation
answered on 13-May-21 10:34
Sec. 40(a)(ii) - Income tax ,Sec. 40(a)(iib) - Royalty, licence fees, etc. payable by State Government Undertaking. The expenses mentioned in the below sections are fully disallowed?
latest answer
yes
Balamurali Unnithan M S
CA Inter
★ 3K+
1
684
Sec.40(a)(i)
Direct Taxation
answered on 13-May-21 10:57
Sec.40(a)(i) - Interest, royalty, fees for technical services payable to a non-resident or outside India without tax deduction. As per the below section, TDS deduction and payment are made in the coming years, then the assessee can claim the expense without disallowance.
latest answer
Okey
Balamurali Unnithan M S
CA Inter
★ 3K+
2
709
Sec.40(a)(i)
Direct Taxation
answered on 13-May-21 10:57
Sec.40(a)(i) - Interest, royalty, fees for technical services payable to a non-resident or outside India without tax deduction. As per the below section, TDS deduction and payment are made in the coming years, then the assessee can claim the expense without disallowance.
latest answer
Ok
Balamurali Unnithan M S
CA Inter
★ 3K+
2
610
Sec. 40(a)(iv)
Direct Taxation
answered on 13-May-21 15:25
As per â?? Sec. 40(a)(iv) Payment from provident fund or any other fund without deducting tax. If the employee resigns from the firm after 5 years, then there is the P.F amount is wholly exempt from tax. In that case, TDS deduction is mandatory u/s 192 A?. And preparing financials every year. Assessee can add the PF amount paid as an expense yearly basis, how it disallowed u/s Sec. 40(a)(iv) earlier. And the tax deduction is done at the time of resigning/retiring?
latest answer
Fine Sir. Withdrawn before 5 years, amount less than 50000, TDS applicable?
Balamurali Unnithan M S
CA Inter
★ 3K+
21
2K+