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Illustartion query
Indirect Taxation
answered on 26-Mar-21 14:40
In gst whatever u have given illustrations is sufficient for public examinations
latest answer
Yes. They are sufficient to prepare for CA exam.
OMKAR REDDY
CA Inter
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729
Final account
Accountancy
answered on 30-Mar-21 14:23
Shay's current account means what where can we post it
latest answer
Thank you
Shizuoka CA
CA Inter
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3
730
Doubt
Indirect Taxation
answered on 26-Mar-21 11:27
please explain the meaning of of attached Parras
latest answer
Supply of development rights is taxable and under RCM so the developer (recipient) pays output tax thus supplier cannot charge GST. If flats assured to landowner by developer (as consideration against development rights) are sold /title transferred before completion certificate the TDR/ FSI is taxable but if the flats are transferred to landowner after completion certificate then TDR is exempt. For the flats sold by the developer before completion certificate then the developer will charge GST at the rate of 1%, 5%, 12% for the affordable (carpet area of 60 sq mt in metros and 90 sq mt in other cities gross amount charged by the builder is not more than Rs.45 lakhs), non-affordable, commercial projects. For the flats sold by the developer after issuance of completion certificate then the developer will not charge GST as it is exempt.
Gauri Shete
CA Final
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CA FINAL
Others
answered on 26-Mar-21 11:20
Will final syllabus be available at indigolearn??? My senior friends wish to know and join here..
latest answer
May be later this year but definitely not in next 6 months
Aakash Raja
CA Final
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Doubt
Corporate & Other Laws
answered on 26-Mar-21 12:32
In this question reduction in interest rate is beneficial to surety but answer in book is different why??
latest answer
Ok sir
Sri kanaga Varshini
CA Final
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Is this an asset ?
Accountancy
answered on 26-Mar-21 14:15
What if I buy a bike and use it just for riding in streets for relaxation purpose ... Is this an asset since it has not generated any future economic benefits to me ?
latest answer
Great ... Thank you sir ð???
Deepak Raja
CA Final
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269SS
Direct Taxation
answered on 26-Mar-21 22:26
Please explain this provision? Limit of Rs.20000 is applicable for the whole year or for a single transaction?
latest answer
Thank u mam
Balamurali Unnithan M S
CA Inter
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735
Financials.
Corporate & Other Laws
answered on 27-Mar-21 21:47
On preparing financials of a company for ROC filing , we consider the various sections as per IT Act such as 40(A)(3) , 269 SS etc.
latest answer
As mentioned in other query, company audit is different from tax audit.
Balamurali Unnithan M S
CA Inter
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3
717
Comes under
Indirect Taxation
answered on 26-Mar-21 22:26
If an A/C dealer , doing business , both installation & Selling of A/C , but the business consist 30% of services (maintanance & installation ) and 70% consist of supply of A/C(Goods),how charge GST for the same,we can charge one GST rate ie.18%(Services) or 28% (Goods)
latest answer
Thank u very much mam
Balamurali Unnithan M S
CA Inter
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2
623
Accumulated profits
Direct Taxation
answered on 26-Mar-21 12:08
Can anyone please explain what does accumulated profits mean as per definition used to define dividends in the act
latest answer
Read explanation 1,2, 2A of Sec 2(22)..... Accumulated profits include all profits of the company upto the date of distribution or payment referred to in sub clause (e).. In view of this judgment it is clear that all the reserves created by company would form a part of accumulated profits for the purpose of Section 2(22)(e). Accumulated profit for the purpose of this section is required to be calculated till the date of payment of each loan/advance. In case the date of payment falls within the year under consideration then the whole year profit will be taken into account proportionately
Sai Teja
CA Final
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1
588