Forums
Independent director
Corporate & Other Laws
answered on 25-Feb-24 16:33
Can a private company voluntarily appoint an independent director?
latest answer
yes
Christeena Ambel
CA Final
★ 80
1
425
Exemption = charitable activity
Indirect Taxation
answered on 25-Feb-24 18:42
When is it taxable n exempt ? Cause the 2 are contradictory provision
latest answer
Yes it is.
Sushmita Chowdhury
CA Inter
★ 2K+
5
391
Set off and carry forward of losses
Direct Taxation
answered on 25-Feb-24 18:22
Income in interest securities can be used to set off other head losses?
latest answer
Yes.
Devisree
CMA Final
★ 0
1
367
Composition scheme
Indirect Taxation
answered on 04-Mar-24 13:40
Manufacture selling goods + service Mfg will pay 1% for goods Mfg will pay 6% for services separately ? Just want to confirm if this correct
latest answer
We will pay tax as per the percentage given in Section 10(1) - 1% of turnover for manufacturer, 1% of taxable turnover for trader, 5% of turnover in case of restaurant.
Sushmita Chowdhury
CA Inter
★ 2K+
12
445
Current account transactions- schedule 2
Corporate & Other Laws
answered on 25-Feb-24 19:00
Why there is a payment made in import in cfu agreement, isn’t the seller is the one who is making that payment? In import we are the buyer right?
latest answer
c.i.f basis means the seller is responsible for the costs of transporting the cargo and obtaining insurance to protect the buyer from any damages to the goods during transport.
Liz James
CA Inter
★ 2K+
3
386
Lease payment
Financial Reporting
answered on 26-Feb-24 19:43
Hi sir.. Why u didn't consider CPI at the end of year 1-105 for adjusting lease payments
latest answer
The question mentions that lease payments are updated at end of every second year.
Kumarswami 0426
CA Final
★ 0
1
277
Illustration 38 (39 m:40 s)
Financial Management
answered on 25-Feb-24 13:28
Dear sir, why are we not considering 'changes in inventories' as an item with tax implication (39:40), whereas in accountancy, we charge tax against the profit derived after the adjustment of 'changes in inventories'?
latest answer
Thank you sir
Srinidhi
CA Inter
★ 270
2
229
Composition scheme
Indirect Taxation
answered on 25-Feb-24 18:22
SP of goods = 60 (incl tax 5) In composition scheme why we don’t deduct 60-5 = 55 and then pay 1% tax on 55 We do 60x1% why Is it not paying more tax in comp sch
latest answer
In composition there is no concept of including tax or excluding tax. We just have to pay tax @ percentage on sale price. Thats it.
Sushmita Chowdhury
CA Inter
★ 2K+
2
382
Availability
Financial Reporting
answered on 26-Feb-24 12:37
Will this free class be available to watch after February 27?
latest answer
Up to 28th Feb, it is available.
Muhammed Hijaz
CA Final
★ 0
1
369
Set off and carry forward of losses
Direct Taxation
answered on 25-Feb-24 18:23
Losses in other sources cannot carried forward to the next year??
latest answer
No. We cannot.
Devisree
CMA Final
★ 0
1
391