Forums
surcharge
Direct Taxation
answered on 02-Feb-24 18:52
Sir my doubt is how is the surcharge at 7% ?
latest answer
In case of companies, that’s how the surcharge rate
Sanjana Ravikumar
CA Inter
★ 0
2
433
What rate should be used to Calculate deferred Tax
Financial Reporting
answered on 03-Feb-24 12:02
Parent 30 percent subsidiary 34 percent
latest answer
By the corporate tax rate exactly correct
Ravi Teja
CA Final
★ 20
10
601
194R
Direct Taxation
answered on 02-Feb-24 18:54
194R does not apply, if the perquisite don't have connection with the business and profession of the resident recipient. I need examples of perquisite that does not have connection?
latest answer
If it does not connection with business or profession then it is gift
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
420
Articleship termination
Others
answered on 01-Feb-24 20:39
I have registered for Intermediate Course through Direct Entry Route and commenced Practical Training of 3 years on or before 30th June, 2023. I have terminated or will terminate my training within 1 year . Will I be eligible for Intermediate May, 2024 Examination under the New Scheme of Education and Training?
latest answer
Oh okay. Thanks for letting us know. You can write
S. Padmapriya
CA Inter
★ 740
5
561
194N
Direct Taxation
answered on 05-Feb-24 08:08
Here it’s exceeding 3 crores right sir?
latest answer
You are right.
Soon to be CA
CA Inter
★ 4K+
2
255
Offence and penalties under GST
Indirect Taxation
answered on 05-Feb-24 07:54
My question regarding Indirect tax law Qno5 a of may 2019 old As per the provision of section 129 owner of goods doesn't come forward to pay penalty Quantum of penalty is 50% of value of good Or 200 % of tax payable w.e.h But in suggestions given like Tax payable (+)50% valaue(-)tax already paid Can anyone guide me
latest answer
That is an old question of 2019. Amendment has been made in 2021. After amendment, the quantum of penalty if owner does not come forward is 50% of the value of goods or 200% of tax payable whichever is higher.
Ramamoorthy Kaliyaperumal
CA Final
★ 3K+
1
281
Advanced
Financial Reporting
answered on 31-Jan-24 08:20
An entity issued 100 shares each to its 1,000 employees subject to service condition of next 2 years. Grant date fair value of the share is`195 each. There is an expectation 97% of the employees will remain in service at the end of 1st year. However, at the end of 2nd year the expected employees to remain in service would be 91% of the total employees. Calculate expense for the year 2?
latest answer
or it can be Dr. P&L 8872500-630500 Cr. Reserve 8872500-630500
Betelihem Dagne
CMA Final
★ 0
2
487
Cash flow statement
Accountancy
answered on 26-Mar-24 23:43
Why increase in inventories is deducted from profit before tax and extraordinary items
latest answer
Sir very clear explanation of opening inventory and closing inventory. Thanks a lot Sir.
Atharv Sankliya
CA Final
★ 3K+
3
529
Que no 6
AFM
answered on 31-Jan-24 03:03
Interpolation formula numerator NPV @lower rate i.e 20.209-20 Why it is reduced by 20 in numerator alone?
latest answer
have explained concept of interpolation in one of the problems in detail - also it is a ca inter concept. attaching formula also here
Yaminijanarthanan Yaminijanarthanan
Qualified CA
★ 0
1
360
illustration 8 of working capital management
Financial Management
answered on 31-Jan-24 17:40
why there is no compared to single shiftchange in value of work in progress in double shift while there is change on finished goods raw material
latest answer
Because it is work in progress units.. so irrespective of number of shifts the units in progress will remain same.. there will only be a change in price per unit based on single or double shifts
21BPA547 Santhosh. V
CA Inter
★ 0
1
242