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As 12 gov grant
Accountancy
answered on 28-Oct-23 12:40
Doubt 1: Refund happened on beginning of May. So why they didn't provided for depreciation for month of April and then add the refund like I did in my workings.
latest answer
The question itself has given the assumption.
Krishnan K
CA Inter
★ 5K+
1
353
Residential status
Direct Taxation
answered on 28-Oct-23 09:22
Sir you said to ignore concept of leap year . But here they are considering 366 days leap year
latest answer
Mention*
Krishnan K
CA Inter
★ 5K+
2
434
ITC
Indirect Taxation
answered on 28-Oct-23 01:18
TT Pvt. Ltd., registered in Rajasthan, furnished following information for the month of June: (i) Inter-State sale of goods for ` 1,25,000 to JJ Enterprises registered in Haryana (ii) Inter-State purchases of goods from XYZ company, registered in Punjab, for ` 40,000 (iii) Intra-State purchases of goods from RR Traders, registered in Rajasthan, for ` 65,000 All the above amounts are exclusive of taxes. The applicable rates of CGST, SGST and IGST are 9%, 9% and 18% respectively on inward as well as outward supplies. There is no opening balance of ITC. GST liability payable in cash is- (a) CGST ` 1,800 & SGST ` 1,800 (b) SGST ` 3,600 (c) IGST ` 3,600 (d) CGST ` 3,600
latest answer
IGST
Sowmiga Chandrasekaran
CA Inter
★ 7K+
3
1K+
ITC
Indirect Taxation
answered on 28-Oct-23 01:18
Mr. Raghu avails services of Mr. Raja, a Chartered Accountant, as under- (i) Audit of financial accounts of Mr. Raghu ` 55,000 (ii) Tax audit and annual accounts filing of Mr. Raghu ` 10,000 (iii) Income-tax return filing of Mr. Raghu ’s wife (salaried-return) ` 5,000 All the above amounts are exclusive of taxes and the applicable rate of GST on these services is 18%. The accountant of Mr. Raghu has booked the entire expenses of ` 70,000 plus GST in the books of account. Mr. Raghu is eligible to take input tax credit of - (a) ` 13,500 (b) ` 11,700 (c) ` 9,900 (d) ` 1,800
latest answer
ITC of personal exp.is not available hence ITC of (ii) and (ii) is available so Eligible ITC will be 18%of 65,000= 11,700rs ...i hope my explanation will help u
Sowmiga Chandrasekaran
CA Inter
★ 7K+
3
936
Is this official
Others
answered on 31-Oct-23 11:38
Got it from a telegram channel. Is this official?
latest answer
Then it is official
Soon to be CA
CA Inter
★ 4K+
3
559
ANNUAL RETURN
Corporate & Other Laws
answered on 28-Oct-23 11:38
Which is last date to file the annual return?
latest answer
31 st December of next financial year
C ANNBU PALANIAPPAN
CA Inter
★ 5K+
1
346
ANNUAL RETURN
Corporate & Other Laws
answered on 28-Oct-23 11:39
Untitled which date to file annual return
latest answer
31st December of next financial year
C ANNBU PALANIAPPAN
CA Inter
★ 5K+
3
327
Indian contract act 1872
Corporate & Other Laws
answered on 30-Oct-23 22:59
Can anyone please tell the answer of this question ?
latest answer
Ohh got it thankyou so much
Divinne Fiona
CA Inter
★ 9K+
5
368
Company accounts
Accountancy
answered on 30-Oct-23 22:47
How's the interest 60000 in the second transaction? Can anyone please explain me
latest answer
Thankyou so much bro 🤜
Divinne Fiona
CA Inter
★ 9K+
2
364
PGBP
Direct Taxation
answered on 06-Nov-23 13:56
Mr. Caged 35 years is a working partner in M/s BCD, a partnership firm, with equal profit sharing ratio. During the P.Y. 2022-23, the firm has paid remuneration to Mr. B Mr. C and Mr. D, being the working partners of the firm, of 2,00,000 each. The firm has paid interest on capital of 1,20,000 in toto to all the three partners and the same The Institute of Chartered Accountants of India is within the prescribed limit of 12%. The firm had a loss of 1,12,000 after debiting remuneration and interest on capital. Note - Remuneration and interest on capital is authorized by the partnership deed You, being the CA of Mr. C. are in the process of computing his total income. What would be his taxable remuneration from the firm? (a) 2,00,000 (b) 1,51,600 (c) 1,27,600 (d) 1,50,000
latest answer
Apply the provisions of Section 40(b).
Harishharar Harar
CA Inter
★ 0
2
2K+