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Investment expenditure
AFM
answered on 25-Jul-24 19:14
Pre Tax Income inculdes Invt. Exp, over and above 5% of Invt. Is it an assumption?
latest answer
Ok sir. Now its clear.
Durai Murugan
CA Final
★ 470
4
241
Forward rate
AFM
answered on 24-Jul-24 12:58
Can we directly calculate Forward Rate by, F2= (1+YTM of 2 year bond)^2 / (1+YTM of 1 year bond) F3= (1+YTM of 3 year bond)^3 / (1+YTM of 1 year bond)^2 and likewise for the remaining?
latest answer
Yes
Durai Murugan
CA Final
★ 470
3
339
Presentation currency
Financial Reporting
answered on 26-Jul-24 16:14
How is INR the presentation currency in India? Can I prepare my financial statements in other than INR?
latest answer
for statutory compliance purpose, it has to be in INR>
Suresh Avinash
CA Final
★ 3K+
3
259
AS 10
Accountancy
answered on 24-Jul-24 11:38
If an asset is purchased by a company and the vendor only paid 80% value of the asset and vendor also certified that no any dues from such company. In this case how should a company recognise that 20% value in the books of the company and up to what extent the company has to capitalise such assets?
latest answer
Both Accounting standards prescribe this.
Gopichand Annamadasu
CA Inter
★ 270
3
273
pay back method
Financial Management
answered on 24-Jul-24 09:02
did not get the ques 5, that how 5 years and 2 months we got.
latest answer
(5.142857143 - 5) * 12 = 1.714286 We will round it off to 2 months So pay back period is 5 years 2 months
Yash Laddha
ACCA Skill
★ 0
1
175
Market premium %
AFM
answered on 24-Jul-24 11:46
To calculate Market premium %, should we use Market Premium/Price of convertible debenture or Market Premium/Conversion value? Market Premium/Price of convertible debenture is logical because Price of convertible debenture is a done outflow.
latest answer
Thankyou sir
Durai Murugan
CA Final
★ 470
4
409
Cricket person
Direct Taxation
answered on 23-Jul-24 21:14
Can cricket person having professional income make use of section 44ADA (presumptive income)
latest answer
Only the professionals engaged in following professions are eligible: Interior decorations Engineering Technical consulting Accounting Medical Legal Architecture Movie artists (including producers, actors, editors, directors, art directors, dance directors, music directors, cameramen, lyricists, story writers, singers, costume designers, and dialogue or screenplay writers) Authorised representative Other professionals specified by the Central Board of Direct Taxes
GOKULA LAKSHMI
CA Final
★ 21K+
1
314
Accounting for branches
Accountancy
answered on 06-Aug-24 15:56
what exactly means branch current account in this question?
latest answer
AMount receivable/payable to branch
Niveta Rajkumar
CA Inter
★ 6K+
1
276
BUDGET 2024
Exams
answered on 23-Jul-24 21:11
Tax Slab rates as updated on 23-07-2024 ( BUDGET 2024 ) applicable in Which Attempt / Please State FY As well ?
latest answer
Applicable from MAY 25 ATTEMPT
naresh chandran
CA Final
★ 3K+
2
337
TDS
Direct Taxation
answered on 26-Jul-24 13:07
Why non monetary perquisites is added to total salary in computation of tax liability in this sum. Is it not that employees don't need to pay tax on it and only the employers are liable to pay for it?
latest answer
If employer pays tax on non monetary perquisites then such tax amount would be exempt as per Section 10(10CC).
Niveta Rajkumar
CA Inter
★ 6K+
2
440