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MCQs- Indas 34
Financial Reporting
answered on 09-Dec-24 21:56
Sir , Q1 and Q5 both are contradicting itself. How it can be correct. Kindly explain the correct answer and treatment.
latest answer
Noted Sir, Thank You
Hrishikesh Pradhan
CA Final
★ 18K+
2
496
18:03 to 18:10 u says profits of 12500 kaha se aaya sir
Accountancy
answered on 09-Dec-24 15:51
18:03 to 18:10 u says profit of 12500 kaha se aaya sir
latest answer
Consider it 10,000
R G
CA Inter
★ 9K+
1
480
Sorry not 1500 it's 12500
Accountancy
asked on 08-Dec-24 15:09
Sorry not 1500 it's 12500 kaha se aaya sir
latest answer
No answers yet!!
R G
CA Inter
★ 9K+
0
733
Charges-Composition scheme
Indirect Taxation
answered on 09-Dec-24 11:35
Why in Q14 ,section 10(2A ) doesn't apply As the turnover in the PFY is within the prescribed limit (i.e,50 L) Why composition scheme is not available for the assess
latest answer
Notification has been brought into ACT by inserting Section 10(2A). It is outdated answer.
Ramya Nagarajan
CA Final
★ 1K+
1
445
Deduction
Direct Taxation
answered on 09-Dec-24 11:47
Sec 80DD & 80U A person has incurred only 50000 towards disabled person( Severe Disability). Still he will be eligible for deduction of 125000 right? If Normal Disability then 75000 right?
latest answer
Ok.
Soon to be CA
CA Inter
★ 4K+
2
437
doubt
CFA
answered on 08-Dec-24 16:57
what is the equation and slope of sml
latest answer
SML In equation form is CAPM Slope = (mrp)
Kaarthick Abishek
CFA L1
★ 0
1
495
Salary
Direct Taxation
answered on 09-Dec-24 11:48
When no of years completed & part thereof is given 15.6 years considered as 16 15.4 years considered as 15 15.8 years considered as 16 Am I correct?
latest answer
Yes right.
Soon to be CA
CA Inter
★ 4K+
3
435
SAE
Auditing
answered on 09-Dec-24 18:26
What is the meaning of Pro Forma Financial Information ?
latest answer
they are projected financial statements that show expected position, performance, cashflows. they are based on assumptions
Harish Kumar
CA Inter
★ 17K+
1
339
Setoff and carry forward of losses [S.71 - Inter head adjustment]
Direct Taxation
answered on 09-Dec-24 11:46
(3A) Notwithstanding anything contained in S.S. (1) or S.S. (2), where i.r.o. any A.Y., the net result of the computation under the head "IFHP" is a loss and the assessee has income assessable under any other head of income, the assessee shall not be entitled to set off such loss, to the extent the amount of the loss exceeds ₹2L, against income under the other head. Doubt: is this 2L limit applies also for carried forward "house property loss" ?
latest answer
Once the losses are carried forward then only Intra head set off is allowed.
Girinath A
CA Inter
★ 765
5
693
Additional Interest
AFM
answered on 08-Dec-24 05:49
Sir we are assuming that the addional interest will be incurred now itself right, so we reduce from the current PAT
latest answer
Yes it is a theoretical exercise especially because they have not given any data for next year
Hemachandra D
CA Final
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1
428