Forums
ROC - Late Fees
Corporate & Other Laws
answered on 27-Jan-21 16:09
Hi Sir How adjust the amount paid towards expense for delaying in filing ROC firms ? It can taken as expense ?
latest answer
Thank u .
Balamurali Unnithan M S
CA Inter
★ 3K+
2
793
Rough work
Maths & Stats
answered on 27-Jan-21 12:13
For Rough work, outside papers are not allowed! But hall ticket is allowed, so we can do rough work in back side of that! What If i take two copies of my Hall tickets and do rough work in that? Will they allow?
latest answer
Ok bro
Meda Jeevansai
CA Final
★ 21K+
2
725
Prior to incorporation
Accountancy
answered on 27-Jan-21 18:11
In illustration 4, Here debenture interest is charged to post incorporation period. But debentures were issued to settle purchase consideration of vendors which was due in both pre and post period. Why is it not distributed in that ratio?
latest answer
Interest on debenture is a post incorporation expense
Aman Mahajan
CA Final
★ 19K+
1
577
Director remuneration
Corporate & Other Laws
answered on 29-Jan-21 23:09
Director remuneration is treat as salary to directors on preparation of financials of a company . Means we use salary to directors instead of director remuneration .
latest answer
Ok sir
Balamurali Unnithan M S
CA Inter
★ 3K+
10
647
SFT
Direct Taxation
answered on 28-Jan-21 18:56
On the preparation of financials & tax audit report , its mandatory report SFT in tax audit report , ie , in 3CB / 3 CD
latest answer
Okei ...thank u
Balamurali Unnithan M S
CA Inter
★ 3K+
13
668
Company
Direct Taxation
answered on 28-Jan-21 13:35
What's the difference between Domestic Company and Indian Company?
latest answer
S. 2(22A) says "domestic company" means an Indian company, or any other company which declares and pays dividend from taxable income withing India S.2(26) says Indian company is registered under the Companies Act, 1956 and the principle office is in India. All Indian Company are treated as Domestic Company but all Domestic Company are not Indian Company. If a Foreign Company makes prescribed arrangements for payment of dividends in India it shall be treated as Domestic Company.
Priyanka Udeshi
CFA L1
★ 14K+
2
894
Partneship
Accountancy
answered on 26-Jan-21 21:50
While preparing financials of a partneship firm , how adjust the income tax refund ? Treated as indirect income or capitalise the amount?
latest answer
Okei ..thank u
Balamurali Unnithan M S
CA Inter
★ 3K+
2
603
AGM
Corporate & Other Laws
answered on 27-Jan-21 08:08
Law allowed to adjourn the date of AGM .
latest answer
Okei sir ..thank u
Balamurali Unnithan M S
CA Inter
★ 3K+
4
658
Final accounts
Accountancy
answered on 26-Jan-21 19:15
Should income tax be shown in p&l account ?? In some sums ,income tax is reduced from capital .why ??
latest answer
Because it is the tax for the personal income of the owners so it should be reduced from capital of the owners its like drawings
Reetikaa R
CA Final
★ 7K+
1
680
Guarantee
Corporate & Other Laws
answered on 23-Feb-21 22:42
The surety must be competent to contract. The debtor need not be competent. What about the Creditor? Does he need to be competent?
latest answer
Simple, the guarantee contract is between creditor and surety....so to become a valid contract , parties entering into contract should be competent. Debtor need not be competent.
Aman Mahajan
CA Final
★ 19K+
4
694