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Why to add surcharge and HE (cess)
Direct Taxation
answered on 02-Nov-23 18:08
According to Sec 115BBE add surcharge and HE (cess) why to add in default tax regime, and optional tax regime also. the doubt i have is why to add or take surcharge and HE cess in sec 115BAC
latest answer
Surcharge and HEC concept is applicable for both default and optional tax regime. In section 115BBE, Surcharge is at 25 percent and HEC@4 percent
Meghana B S
CA Inter
★ 0
1
376
Expected return and IRR both are same?
Financial Management
answered on 02-Nov-23 09:25
When I study security valuation return concept two terminologies used expected rate of return and internal rate of return. I am not clear both are same or different. Request your help please
latest answer
They both can mean the same in a certain context - Generally when you say return you refer to numerator / denominator i.e. simple return & when you refer to IRR you refer to Compounding. However, depending on the context of the question when return rate can also mean IRR. Do not worry on unnecessary technicalities - questions usually are specific in exam and you will know it when you read it.
swaminathan sundaram
CA Final
★ 110
4
421
Correct/incorrect
Auditing
answered on 08-Nov-23 09:14
Pls explain the answer 🙏🙏🙏🙏
latest answer
When you have questions like these, usually they are testing the concept behind the same. Questions are generalized. So its incorrect and you need to mention the exceptions in such cases.
Neha Baliga
CA Inter
★ 16K+
3
463
Working capital management
Financial Management
answered on 02-Nov-23 09:20
In RTP may 23 ques 9, *To compute Raw materials purchased , They have considered closing stock of RM 21-22 as the opening stock of RM 22-23. *but to compute Closing stock of Finished Goods (ie., in cost of production) of yr 22-23 .. they have not taken the closing WIP of 21-22 to be the opening WIP of 22-23.
latest answer
For RM purchased you need to know opening. - we need this data for computing payables and not for anything else - we are not using RM opening for any inventory related computation When FG closing stock is what is required for all calculations why will you consider WIP in computations at all - they have clearly said FG is x no of month of production - where is the question of even using WIP numbers in it
kowselyaa G
CA Final
★ 2K+
1
374
Salaries
Direct Taxation
answered on 06-Nov-23 13:48
What is difference between Transport allowance Conveyance allowance Traveling allowance
latest answer
When employee is let us say working in Hyd but he is transferred to Delhi.
Krishnan K
CA Inter
★ 5K+
3
448
Salaries
Direct Taxation
answered on 02-Nov-23 18:10
If Entertainment allowance not received. Then we cannot claim deduction under sec 16 (ii) as entertainment allowance deduction Right!
latest answer
Deduction for entertainment allowance is only for government employees under Section 16. It is allowed only when it is received
Krishnan K
CA Inter
★ 5K+
3
361
Appeals & Revision
Indirect Taxation
answered on 02-Nov-23 18:14
If appeal is raised by Department then who will pay Predeposit?
latest answer
Then no pre deposit
Surya Prakash
CA Final
★ 19K+
1
353
Central sales tax
Indirect Taxation
answered on 02-Nov-23 18:41
Hai friends Central sales tax is levyed by Central government and collected by state governments My question is in the Central sales tax money can use Central government or state government Please explain me
latest answer
Thanks sir
siddesh N
CA Inter
★ 4K+
2
338
AS 10
Accountancy
answered on 01-Nov-23 19:08
Can building inauguration expenses be capitalised on the building?
latest answer
No
Hushwanth N
CA Inter
★ 8K+
1
325
articleship
Exams
answered on 01-Nov-23 19:31
I'm currently preparing for cma inter will give exam in dec 2023. can i do my articleship in uae is that valid to pursue my final exam
latest answer
I think yes. Kindly go through the prospectus for more clarity
Shamsu Nisha
CMA Inter
★ 0
1
380