Presumptive Taxation & Capital Gains

answered 1 day ago

Respected Sir, Mr.A purchased land on Jan 1, 2024 for Rs. 40 lakh Mr.A converted Land into Stock in trade on next day Jan 2,2024. In this case, Can STCG be taken as ZERO as FMV and Cost of Aquisition is same sir ?

latest answer

Most welcome

Mamidi Vinisha

CA Inter

★ 970

3

28

Job Work

answered 1 day ago

Whether e-way bill is mandatory for sending goods to the job worker place (Intra-State)

latest answer

If it is inter state then only it is mandatory.

Surya Ravi

CA Final

★ 3K+

1

20

Ind AS102 share based payment

asked 1 day ago

Video No 26 Illustration 16 Anara Fertilisers issued 2000 share options. In this question first year employee share based payment expense is 693333 second year it is 1646667 total amount credited to SPB equity at the end of second year is 2340000 (693333+1646667). At the time of cancellation Rs 1620000 is debited to SPB (Equity Reserve). The balance amount in SPB (Equity Reserve) 720000 (2340000 - 1620000). How this balance amount is closed

latest answer

No answers yet!!

swaminathan sundaram

CA Final

★ 110

0

16

Strategic choices

answered 1 day ago

Can we say that producing complimentary products comes under horizontal diversification

latest answer

No. I think it's cogeneric

Prasoon Tiwari

CA Inter

★ 300

2

26

Marginal costing

answered 1 day ago

How to proceed with this question?

latest answer

It does not matter. Contribution from product 1 + contribution from product 2 = total contribution Total contribution minus joint fixed cost = total profit

Devisree

CMA Inter

★ 0

3

29

Marginal costing

answered 2 days ago

calculate break even point for a train journey between Delhi and Jaipur where the cost of an engine is 80000 and bogie is 16000 the capacity of your body is 70 passengers and each ticket is priced at Rs 600 the variable cost per ticket is 100 whether answer is 192 or 320 ?? Which is correct??

latest answer

As per the information it should be 192

Devisree

CMA Inter

★ 0

1

28

Doubt on withholding tax

answered 2 days ago

Sir, 1.What is the meaning of withholding tax? 2.Where is it impacts?

latest answer

WHT is TDS on foreign remittances Form 15CA / CB Sometimes WHT can be claimed by foreign country recipient if there is a DTAA ( like input tax)

Hanumanthu Rajesh

CA Final

★ 7K+

1

32

Marginal costing

answered 2 days ago

In this question only machinery depreciation is taken into consideration why not machinery cost??

latest answer

The answer is depreciation. Cost of machine has to be apportioned over its useful life. There is no other reasoning or logic

Devisree

CMA Inter

★ 0

3

39

Insurance Claim - Loss of Stock

asked 2 days ago

Please help with calculation of opening stock of last year.

latest answer

No answers yet!!

Samarendra Patasani

CMA Inter

★ 0

0

35

As 7

answered 1 day ago

Please provide the solution of this question

latest answer

Material 80 + labour 60 + future cost 80 + Depreciation for 3 years 20 - contract price 200 = loss 40

Naina Bhojwani

CA Inter

★ 5K+

1

43