Forums
Section 54
Direct Taxation
answered on 09-Mar-21 17:50
As per section 54 of income tax act...if assesse transferred his house and got capital gain.. Can he claim deduction only for the year of transfer. Or can he not claim for the year of transfer and claim it in the next financial year in which he actually purchased the house
latest answer
Thank you mam
Sai Teja
CA Final
★ 14K+
4
700
MCQ missing
Strategic Management
answered on 09-Mar-21 10:45
Chapter 3 and 4 mcq (mcq chapter based test) missing
latest answer
Yes they are included in comprehensive test
HMS .
CA Inter
★ 950
2
601
Ch 1
Accountancy
answered on 09-Mar-21 14:35
There r 2 definitions for accounting .which shd i write in exam ? THE ART OF RECORDING ,CLASSIFYING ,SUMMARIZING IN A SIGNIFICANT MANNER AND KN TERMS OF MONEY,TRANSACTIONS AND EVENTS WHICH ARE IN PART AT LEAST ,OF A FINANCIAL CHARACTER AND INTERPRETING THE RESULTS THEREOF . OR THE PROCESS OF RECORDING, CLASSIFYING ,SUMMARIZING ,ANALYSING ,AND INTREPREETING ,THE FINANCIAL TRANSACTIONSAND COMMUNICATING THE REULTS TO THE PERSONS INTERESTED IN SUCH INFO .
latest answer
both are ok
Reetikaa R
CA Final
★ 7K+
4
622
Insurance claim for loss of prpfit
Accountancy
answered on 09-Mar-21 10:56
Sir,in module illustration 1 _ there was some workings, related to download trend are they useless sir? Image attached below
latest answer
Yes, you may ignore it. But it includes calculation of sales of first quarter of 20X2, which is important. Also, it's downward-trend (typo in description), which is nothing but a shortfall in quarterly sales which happened. Though was not asked in question, but just know how it is calculated, say if get asked as a part of question. Happy studying!
Subash Chandrabose
CA Final
★ 32K+
1
540
Registration
Indirect Taxation
answered on 10-Mar-21 12:29
In Sec 23 Person not liable for registration As per lecture persons making supplies of service through Ecommerce with aggregate turnover upto threshold limit is covered But I can't find it in ICAI module
latest answer
Please see the bare act for Sec 23 and 24..... only for better understanding and convenience of student, it is given along with sec 24 in the material.... In ICAI final material its given along with sec 23
Priyanka Udeshi
CFA L1
★ 14K+
4
547
Inter registration-reg.
Others
answered on 08-Mar-21 19:28
Sir /madam, Do i need to submit any documents physically to my icai regional office after successfully completed the registration through self service portal(ssp)?
latest answer
No need bro
Balamurugan V
CA Final
★ 52K+
1
602
Does the 15 lakh concept be applied only for person mentioned in (b) and not for persons(employee out of India & crew member) in (a)
Direct Taxation
answered on 08-Mar-21 18:17
Refer to the image (cases where is not applicable)
latest answer
Thank you
lithish kumar
CA Final
★ 3K+
2
751
Expenditure
Accountancy
answered on 09-Mar-21 12:21
Legal fees incurred for defending the case against us is loss right ,just like fine .it gives no benefit .how come it s revenue exp??
latest answer
Thank u
Reetikaa R
CA Final
★ 7K+
10
669
Average due date
Accountancy
answered on 08-Mar-21 18:02
The due of the first bill receivable is 4-08-2020. So I took that date as my base date. But when I saw the answer, the average due date is 02-08-2020. According to the formula :- Average due date = Base date + difference in product/difference in amount. How Base date is reduced?
latest answer
Tnx a lot for your kind of help bro. Can you please send hi to my mail jeevansaimeda@gmail.com
Meda Jeevansai
CA Final
★ 21K+
9
648
Law
Others
answered on 08-Mar-21 15:11
A social invitation, even if it is accepted ,doesn't create legal relations as IT IS NOT INTENDED. What does intended mean?
latest answer
Ok sir .plss answer my other 2 questions on law
Reetikaa R
CA Final
★ 7K+
2
576