Reliance industries to consider 1:1 bonus issue on September 5
Mota bhai 😍.
What will be tax treatment - Capital gain if you sell out bonus share.
Do comment your answers.
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The answer is 1 lakh needs to be added to P/L. Out of 11 lakh - 10 lakhs was settled from debtors rest 1 lakh is only bad debt recovery so that will be added in P/L.
Only One person answer wascorrect.
World best consultancy dena hai. Remember this everytime while studying.
Today evening let me share one good illustration regarding this.
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Our Indian legal system is so weak.
What action can be taken by payee if TDS deducted but not deposited in govt account + Govt system couldn't detect it.
Penalty + Delay interest is the secondary thought which one should think since if govt system itself couldn't able to detect these type of things then there is no point to think about penalty+delay interest.
This was something I experienced practically while doing audits.The payee is literally crying because he is not able to claim TDS deduction.
Just a legal notice he can send max to that payer.
There is no way in income tax law where the payee can file a complaint to income tax department directly that TDS deducted is not depositing in the govt account.
Unless things are not detected by govt system automatically you can escape easily.
Moreover this default of not depositing TDS amount was done by a private company so easily.
Do comment and let me know is there anyways to force payer to deposit the TDS deducted amount.
Other law QA points is already available in our app under free study material. Company Law will be added by tomorrow.
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Have you ever heard of this word - Whistle blower in CA Inter/Final Audit.
Let's see what happens. Allegation on SEBI chairman.
Dum toh hai hindenburg mei.
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Redundancy of work - this is what Strategic management teaches us.
Learn smarter 😎
Deep research calculation done ✅.
Crux of final result which option is best and better.
1 cr is invested on day 1(today), how much it will be after 10 years considering inflation.
Choose wisely proper asset to invest.
Do little more efforts on income tax, something suprise may be expected from ICAI in sept 24.
Nothing to worry cover all illustrations of study material along with illustration concepts read clearly (word to word) helpful in MCQ.
I have already marked and gave QA section list marked from study material - Pgbp, capital gain.
Only 49 students are ready seriously😳😐..! Very awkward and shocking that still students are not ready.
Overcome your fear by writing test series. That's the only one solution.
Do comment what should be done whether to keep mock test - coming Sunday or 7 days before exam.
Sales of ₹22 lakh on 1-11-21.
12 lakh written off in the books as bad debts 01/02/23.
11 lakh received on final settlement as on 30/03/24 and credited to P/L.
What will be the tax treatment in P/L how much amount should be add or less in P/L.
Do comment your answer with workings if any.
What will be tax treatment - if bad debts irrevocable and written off in books PY 22-23 and what if subsequently recovered partly in current Financial year.
Do comment your answer, let's see how many of you able to apply their knowledge.
Right answers will be given a gift 🎁.
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Everything that is happening to me is a consequence of PAST karma.
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My karma is pure.
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“I am a happy being. I accept people as they are ... someone is in pain … someone is stressed … someone received rejection … someone is insecure … I witness their actions as a detached observer … I neither cause pain nor take pain from anyone. I am a radiator of happiness.”
Читать полностью…https://hindenburgresearch.com/sebi-chairperson/
The language they used can't be challenged.
How auditors of Adani group will going to deal if this report comes true..!
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ICAI surged down foundation result. 3 attempt before it was 35%. Gradually reduced to 15% 😳.
It clearly implies that entry should be tough and exit should be easy. That's what may 24 results speak about.
Next coming few years inflation will be seen in all time high.
Very sad to say that Indian government is not in favour of people.
Bad times till 2029.