Forums
Renting of immovable property services
Indirect Taxation
answered on 24-Mar-21 16:40
Renting of immovable property service provided by Central Government to a registered business entity Is that taxable in Forward charge mechanism?
latest answer
No. Only FCM
Gayathri K V
CA Inter
★ 13K+
3
887
CA final lectures
Others
answered on 23-Mar-21 15:39
At present you are not serving the lectures of all subjects for ca final,in future would you avail us the full subjects for ca final?
latest answer
Yes. SFM & FR soon and others not yet started recording
Paidala Harish
CA Final
★ 2K+
4
651
Wager agreement
Corporate & Other Laws
answered on 24-Mar-21 14:42
Wager is void but not illegal .so ,can I revover amount or sue the other party in court ?? Is it possible
latest answer
They are valid.
Reetikaa R
CA Final
★ 7K+
3
634
Bonus shares
Accountancy
answered on 23-Mar-21 17:38
1. Whether Capital reserve can be utilized for issuing bonus shares? 2. If a company has convertible debentures then whether authorized capital to be increased to the extent of equity and bonus shares for debentures holders also?
latest answer
Thank you sir
Nivedha Balaji
CA Final
★ 9K+
4
590
Rectification of errors
Accountancy
answered on 23-Mar-21 18:13
In this illustration how difference in trial balance in suspense account came??
latest answer
Because it is the opening balance in suspense account.. And also the difference amount of trail balance is itself called as opening balance of suspense account .
siva chaitanya
CA Final
★ 13K+
4
731
ITC
Indirect Taxation
answered on 25-Mar-21 12:28
Sir Can we keep balance in IGST instead of CGST? Or Should we completely use IGST first? Which is more preferable
latest answer
In your solution, u first used IGST for IGST and there is not more IGST payable..... so the amount left under IGST can be used for CGST or SGST....... Since CGST and CGST cannot be used to settle each other, and since there is no more IGST to pay... it is ideal to pay CGST & SGST using their own balances and then the shortfall can be used from IGST balance......
Priyanka Udeshi
CFA L1
★ 14K+
6
771
Employment tax payable to Govt. was Rs. 2000 but he paid only Rs.1000 during the previous year against the due amount.
Direct Taxation
answered on 25-Mar-21 11:48
He can avail deduction under section 16 Rs . 1000 only Is that correct?
latest answer
Advance salary received by an employee is taxed in the year of receipt. Municipal taxes for house property are allowed if they are borne and actually paid by the owner. Similarly is this employment tax, as it is specifically given in the act
Gayathri K V
CA Inter
★ 13K+
7
634
True or false with reason
Accountancy
answered on 22-Mar-21 17:08
Can you explain 6th question with reason
latest answer
Answer is false the credit balance of profit and loss statement is called profit If credit side is more than debit side it is called as surplus in income and expenditure statement. If debit side is more than credit side it is called as deficit in income and expenditure statement l
siva chaitanya
CA Final
★ 13K+
1
680
Unrecognised provident fund
Direct Taxation
answered on 22-Mar-21 13:57
Transfer of amount from unrecognised P.F to recognised P.F is included in the total income of employee at the time of transfer.will that result in taxtion of employee controbution ?
latest answer
Ok sir and one more query is there which is unanswered which I posted yesterday
Abhishek Purohit
CA Inter
★ 10K+
2
668
Block money Act
Direct Taxation
answered on 22-Mar-21 12:19
Is this chapter is includes in DT paper? I saw this chapter in my elective paper but not able to see in DT. Is it means excluded from syllabus
latest answer
Thank you so much
M Sairam
CA Final
★ 2K+
4
658