Forums
Nature and scope
Economics
answered on 29-Jun-20 10:37
Meaning of laissez fair economy Is it the name of any scientist
latest answer
Its a french word. Meaning - "leave alone" or "let you do". In this economy the principle is the less the government is involved in the economy, the better off business will be. It represents free market capitalism
Prasanth Kumar
CA Inter
★ 13K+
1
757
E way bill
Indirect Taxation
answered on 01-Jul-20 13:16
Penalty for not generating way bill for invoice value more than 50k..(same state supply)
latest answer
Yes right. Moreover penalty under section 129 also may apply
vishal rajanala
CA Final
★ 0
2
808
Rectification of errors
Accountancy
answered on 29-Jun-20 10:19
Practical question 1
latest answer
Bad debts written off, needs a new entry => Bad Debts A/c Dr. 1560 To Trade Receivables A/c 1560 Provision for bad debts 10% of Actual debtor balance Debtor balance given = 23390 LEss: point (iv) excess amount accounted to a customer (1740-1470) = 270 Less: Bad debts written off, (not accounted earlier, entry passed now) = 1560 i.e 21560 is correct balance of debtors correct provision = 10% of 21560 = 2156 Provision created = 2320 Excess provision to be reversed now = 164 Provision for bad debts A/c Dr. 164 To P&L A/c 164
Sweety SRH
CA Inter
★ 9K+
1
807
REDEMPTION OF PREFERENCE SHARES
Accountancy
answered on 29-Jun-20 15:30
Sir/Ma'am How do we identify whether the company is Sec133 or not so that we know that SPR can't be used. What does this sentence mean
latest answer
Section 133 talks about notification of AS by Government. Most companies would fall in this category. For your second doubt refer to our revisionary video on preference share on youtube. https://youtu.be/5WSDaC_0Qfc
aman kawad
CA Inter
★ 7K+
1
691
SEC 50CA
Direct Taxation
answered on 30-Jun-20 12:25
Sir in section while calculating the FMV of the unquoted securities we apply the rule UA where by we calculate the FMV of the company and then multiple with the price per share / the total What is this price per share and the total shares Please explain the final part of calculation?
latest answer
Thank you
aman kawad
CA Inter
★ 7K+
2
768
TDS
Direct Taxation
answered on 01-Sep-20 14:26
If an individual's turnover crosses 1cr/50lacs but he choses to pay tax u/s 44AD/44ADA is he required to deduct tax at source??
latest answer
That's what I told
Venkatesh Rathinam
CA Final
★ 15K+
6
726
Query
Others
answered on 28-Jun-20 20:53
Why i cash is expired
latest answer
Only the promotional iCash of 500 is expired. Other iCash is valid for 1 year.
Prasanth Kumar
CA Inter
★ 13K+
1
692
Capital Gains
Direct Taxation
answered on 28-Jun-20 22:12
Ma'am /Sir Good evening Assume if the WDV of the depreciable asset of block is 50lacs and the tax is 10% then should we while calculating next time take the WDV as 45lacs Video - Capital Gains in case of depreciable asset Also one new doubt Please can u explain why did we take 7.5%for full WDV as that only refers to one asset but the WDV IS for 3assets put together.
latest answer
While calculating depreciation please note that asset put to use will be considered.If put to use is less than 180 days then 50% of applicable rate is taken and greater than 180 days full depreciation is considered.If asset is sold then no depreciation is claimed.
aman kawad
CA Inter
★ 7K+
1
817
Exam
Others
answered on 29-Jun-20 13:41
Sir if exam postphone...to nov... I alredy extent to nov ...can I further extend to may 21
latest answer
Ok sir
Nivetharaman Raman
CA Foundation
★ 11K+
4
678
Tally
Others
answered on 28-Jun-20 18:13
Is there any discount for tally course ? And if I buy it will u provide the application of tally? Will certificate be provided?
latest answer
KKK sir
baranitharan b
CA Final
★ 21K+
2
925