Forums
Parnership Introduction
Accountancy
answered on 06-Oct-20 18:21
In the 4th video there is a sum regarding division of profit But sir didn't take drawings WHY
latest answer
Thamk you
Prasanth Kumar
CA Inter
★ 13K+
6
709
Audit report
Auditing
answered on 05-Oct-20 19:09
Will audit report format come for exams?
latest answer
K ,thax sir
Swathi Krishna
CA Final
★ 8K+
2
670
CRR, SLR, Capital Adequacy Ratio for Nov 2020 exams
Accountancy
answered on 01-Jun-21 09:19
What is the applicable CRR, SLR, Capital Adequacy Ratio for Nov 2020 exams
latest answer
Since Study Material is recently updated and is specifically available for May 21 exams - pls follow that
J J
CA Final
★ 180
11
2K+
Capital Gains
Direct Taxation
answered on 04-Oct-20 19:37
Sir,What is the gross consideration taken when assess converts capital asset into stock and when will be chargebility under sec 45 (2).
latest answer
Gross Consideration is FMV on the date of conversion . Year of chargability is on which year that stock gets sold . Excess from gross consideration is taxed under pgbp .
M Naresh
CA Final
★ 3K+
1
758
Penalty- Deduction
Direct Taxation
answered on 05-Oct-20 15:46
Please help me with this question Mr A running a business of manufacturing steel castings was charged penalty by RK Steels, his suppliers for paying dues 2 months late. Is this penalty a deduction while computing income tax? Will your answer change if such penalty was charged by GST Authorities for late payment of GST?
latest answer
For the removal of doubts, it is hereby declared that any expenditure incurred by an assessee for any purpose which is an offence or which is prohibited by law shall not be deemed to have been incurred for the purpose of business or profession and no deduction or allowance shall be made in respect of such expenditure. Penalty charged by supplier allowed. Late payment of GST is not an offence prohibited by law. Hence will be allowed.
Suraj Narayanan
Qualified CA
★ 7K+
1
717
Clubbing
Direct Taxation
answered on 05-Oct-20 15:49
Answer
latest answer
What is your doubt?
Simi Chowdhary
CA Inter
★ 6K+
1
636
Clubbing
Direct Taxation
answered on 05-Oct-20 15:49
Final answer
latest answer
What is your doubt?
Simi Chowdhary
CA Inter
★ 6K+
1
713
Clubbing
Direct Taxation
answered on 05-Oct-20 15:49
Final Answer
latest answer
What is your doubt?
Simi Chowdhary
CA Inter
★ 6K+
1
693
10AA
Direct Taxation
answered on 05-Oct-20 13:45
Solution
latest answer
4+1-2=3lakhs
Simi Chowdhary
CA Inter
★ 6K+
2
763
Clubbing
Direct Taxation
asked on 04-Oct-20 15:38
17th sum solution
latest answer
No answers yet!!
Simi Chowdhary
CA Inter
★ 6K+
0
680