Ifos

answered on 05-Feb-22 13:25

Net winnings from lottery 70000 Wht amt shld be taken under head ifos - 70000(net) or 100000(gross)?

latest answer

Thank you

Pushkala S

CA Inter

★ 3K+

4

180

Inter law rules

answered on 05-Feb-22 17:38

We need to learn all the rules given in the study mat for inter law exams

latest answer

It's important to Remember Rule provision & Rule Name (Eg. Co. (Incorporation) Rules, 2014. They are usually the same as chapter name with a few exceptions. Regarding Rule No., Try to remember, if time allows. But if not feasible, then it's OK. Just don't quote wrong rule no.

Sakshi Jain

CA Inter

★ 0

3

204

Pgbp

answered on 05-Feb-22 13:14

If int on cap or int on bank loan given in P/L acc should it be added back to net profit?

latest answer

Interest on capital to any partner if authorised by partnership deed will be allowed up to 12%

Pushkala S

CA Inter

★ 3K+

2

214

Pgbp

answered on 05-Feb-22 12:22

Is provision/ reserve admissible under pgbp?

latest answer

Ok.. thank you

Pushkala S

CA Inter

★ 3K+

2

157

Best book for ca inter direct tax

answered on 07-Feb-22 08:10

Friends which is the best book for Ca inter direct tax ,which is simple and easy to understand and also helpful for quick revision

latest answer

thanks bro for suggesting

nisam M

CA Final

★ 23K+

2

239

Income from other sources

answered on 05-Feb-22 12:19

Should the expense related to the incomes be subtracted from the income under IFOS? EG: income from lottery 1000 Lottery ticket exp 100

latest answer

Ok..thank you

Pushkala S

CA Inter

★ 3K+

2

146

Consolidated financial statements in Advanced Accounting

answered on 05-Feb-22 11:06

Hello I have a small doubt in the concept of consolidated financial statement, The one if the topic in the CFS is profit or loss of subsidiary company. The company made a investment (60%of stake) in " b" limited then" b" Limited could be a subsidiary company. That subsidiary company earned the profit and already they have reserves in the company before the acquisition , Ordinarily before acquisition period profit and reserve are shown in the subsidiary company books account but in the book theory they are adjusted against cost of control to find out the goodwill and Capital Reserve on consolidation why? How?

latest answer

Before acquisition period profit and reserves continue to be shown in subsidiary books. It's just that at time of consolidation, we need to find out whether holding company paid extra or less. If it paid more than it's share in capital and reserves, we call it goodwill, otherwise capital reserve. Check example 1 for reference

venkatesh sundharamoorthy

CA Final

★ 34K+

1

145

Individual modules

answered on 06-Feb-22 06:03

Sir please open individual module

latest answer

Plse open. ... module

Nivetharaman Raman

CA Inter

★ 11K+

1

159

About PPP (purchasing power parity)

answered on 06-Feb-22 09:50

Does exchange rate between 2 countries decided by calculating ppp?

latest answer

Thank u sir

Dhakshana Dhakshana

CA Inter

★ 18K+

4

187

CMA Exam

answered on 07-Feb-22 10:22

Sir/Mam as far as ICMAI exams are concerned the institute normally conducts 2 times in a year i.e: In june/December. But from the recent update last month it seems like institute is planning to conduct exams 3times in a year for Cma inter/final student and every quarter (4times) in a year for Foundation students. So i would like to put forward my suggestion i.e to include an additional term from (june or after june attempt) to (September or October) in the nature it would be convenient for us to purchase within the said term and enrich ourselves. Thank you

latest answer

Thank u

Vijay Anthony

CMA Inter

★ 6K+

2

207