Forums
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
★ 3K+
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
★ 14K+
1
590
Doubt
Corporate & Other Laws
answered on 26-Mar-21 14:36
I couldn't understand the eg. In the image below pls give clarity
latest answer
B becomes embarrassed means there was a financial difficulty. Ready money means cash that is immediately available.
Sri kanaga Varshini
CA Final
★ 3K+
1
582
Gst
Indirect Taxation
answered on 27-Mar-21 21:21
In case of transfer of development rights if I give my 100cr land to someone else for constructing flats and in return I get 10 flats ,does the ownership of land passes to the the promoter ??.... by virtue of section 93 this event is taxable under RCM on what amount the the the the GST will be charged as it seems a better transaction??
latest answer
On 100cr
Gauri Shete
CA Final
★ 5K+
6
676
Provision for depreciation
Accountancy
answered on 26-Mar-21 12:21
If there is any balance in provision for depreciation account Do we deduct such depreciation along with current year depreciation from asset bal while preparing balance sheet
latest answer
Thank you very much sir.. Such a clear explanation..
Sai Teja
CA Final
★ 14K+
11
624
Accounting standards
Accountancy
answered on 25-Mar-21 13:19
Dear sir, Regarding Accounting, AS-10-Video 15," As Mining, Oil, Natural gas and similar assets are wasting assets and AS-10 is not applicable for this" is what sir taught, then Why are we saying that part AS-10 and part AS-2 apply for that Oil and Gas question.
latest answer
Thankyou sir.
Madhaan S
CA Final
★ 14K+
2
657
Incorporation of company
Corporate & Other Laws
answered on 25-Mar-21 11:57
Explain whether the fund will be transferred to insolvency and bankruptcy fund of government or it will be transferred to insolvency and bankruptcy fund of registered company under this section
latest answer
It's the fund formed by Government under Section 224 of the Code. Central Government will appoint an administrator to administer this fund.
GOKULA LAKSHMI
CA Final
★ 21K+
1
769
Doubt
Corporate & Other Laws
answered on 25-Mar-21 10:36
In question no. 3 is it necessary to write the conditions necessary to constitute valid agency or simply the provision is enough ?
latest answer
Thank you sir
Sri kanaga Varshini
CA Final
★ 3K+
2
613
Consolidation of financial statements
Accountancy
answered on 25-Mar-21 12:22
In practice problem 4 . In video for dividend of 20000 is added to post acquisition of 52000 then 72000 came . And then sir deducted 20000 from pre aquisition profit after time adjustment and the value came to 146000 .. instead of that can we deduct 20000 from pre acquisition ie 30000 -20000 =10000 before time adjustment then post acquisition column would be 72000 (10000-82000) .. Can we do like this . Please reply I am fully confused ..
latest answer
Thank u mam now cleared my doubt
Enuguru Sai Nithin
CA Final
★ 78K+
6
692
Stifle prosecution
Corporate & Other Laws
answered on 26-Mar-21 19:14
Why can't A recover coz it s a compound able offense ?? Ques 20
latest answer
Please read above paragraph carefully u will understand
Reetikaa R
CA Final
★ 7K+
14
1K+