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Managerial remuneration of profit u/sec 198

Accountancy

answered on 16-Oct-20 10:33

Sir calculating net profit for managerial remuneration we are deducting capital profits from GP Can we add credit of profit to the extent of (Orginal cost - WDV) when we sale the Fixed assets at More than cost.. Can we add that amt of profit sir to Gross profit while calculating Netprofit under sec 198..

latest answer

To the extent of profit which is equal to cost - nbv, it is allowed.

M Naresh

M Naresh

CA Final

3K+

1

716

Company audit

Auditing

answered on 16-Oct-20 10:08

Sir ... meaning of transitional period I did not understand this illustration

latest answer

Tq..sir

Prasanna Jannu

Prasanna Jannu

CA Inter

7K+

4

738

general clause act

Corporate & Other Laws

answered on 15-Oct-20 20:17

should we need to study all the definitions provided in this chapter

latest answer

K sir

Swathi Krishna

Swathi Krishna

CA Final

8K+

5

734

Recurring and non recurring

Accountancy

answered on 15-Oct-20 10:49

How to identify which one is recurring and which one is non recurring item according to consignment what is difference between recurring and non recurring

latest answer

Tq sir

G.c.hemalatha Reddy

G.c.hemalatha Reddy

CA Foundation

150

2

738

Permutation & combination

Maths & Stats

answered on 15-Oct-20 17:09

Find the sum of the series :2,4/y, 8/y power 2,16/y power 3------infinity,given that y>2. What will be solution?

latest answer

Use the formula for GP.

Sneha Kelde

Sneha Kelde

CA Foundation

2K+

3

786

SA 240

Auditing

answered on 17-Oct-20 23:04

how does this act as an incentive for misappropriation of assets?

latest answer

thax sir

Swathi Krishna

Swathi Krishna

CA Final

8K+

8

879

Company audit

Auditing

answered on 15-Oct-20 10:52

Could please explain this point...sir

latest answer

Tq ..dear

Prasanna Jannu

Prasanna Jannu

CA Inter

7K+

3

736

regarding exam porat

Others

answered on 14-Oct-20 21:20

  my photo and signature is not appearing on the exam portal, i already submitted my application to ICAI by post and after that it had appeared but now it didn't appear , what is the problem?

latest answer

No problem.

shobha kamatwar

shobha kamatwar

CA Inter

250

1

736

E Commerce - (C2B) Consumer to Business.

Information Systems

answered on 15-Oct-20 18:10

What is the transaction between C2B ? Can we consider this example which was given below ? A customer exchanges his mobile through flipkart.

latest answer

Yes.

Akshay Rana

Akshay Rana

CA Inter

5K+

1

848

rtp nov20- advanced accounting

Accountancy

answered on 14-Oct-20 22:36

in question no.1 of the rtp , why do we need to take into the consideration of adil's loan with insurer. It is not an agreement with firm. so taking that into consideration, we should only take 10200 rite. please reply .

latest answer

thank you sir

Swathi Krishna

Swathi Krishna

CA Final

8K+

4

734