Yalamarti Baburao

can a prcacticing company secretary do CA Articleship with simultaniously CS practice


Ajhari 2703
11 February 2023 at 18:46

Financial management ratio analysis

Q.5 The following figures of Ram Ltd are presented as under:
EBIT
Rs. 23,00,000
Less: Debenture Interest @ 8%
Rs. 80,000
Long Term Loan Interest @ 11%
Rs. 2,20,000
PBT
Rs. 20,00,000
Less: Income Tax
Rs. 10,00,000
PAT
Rs. 10,00,000
EPS
Rs. 2
MPS
Rs. 20
PE
10
The Company has undistributed reserves and surplus of Rs. 20 Lakhs. It is in need of Rs. 30 Lakhs
to payoff debentures and modernize its plants. It seeks your advice on the following alternative modes
of raising finance.
Alternative 1: Raising entire amount as term loan from banks at 12 percent
Alternative 2: Raising part funds by issue of 1,00,000 shares of Rs. 20 each and the rest by term loan
at 12%
The company expects to improve its Rate of Return by 2% as a result of modernization, but PE is
likely to go down to 8, if entire amount is raised as Term Loan.
Advise the company on the Financial Plan to be selected.


Trupti Patil
09 February 2023 at 12:32

CA articleship issue

Dear Sir/Madam,
I have taken transfer after 2 and half year of articleship and have 92 days of excess leave from that principal.Now I am serving remaining days of articleship under other principal.At the time of completion of 3 year whether I required to served extension under my current principal or previous principal who had given me 92 days of extension?and which form I need to file...


Vivek Trivedi
07 February 2023 at 22:07

Suggest for Faculty

For CA Final FR Nov'23 attempt, which faculty is good - Parveen Sharma or saarthak jain?


Daya

what is DTA and DTL
how to calculate Net DTA and DTL


Sravani Tiruvayapeta
07 February 2023 at 08:42

UNIT-10 Applicability

Dear Sir/Madam,I have applied for CA INTERMEDIATE Group II for May 2023 attempt under unit 10 scheme. I have not give attempt for May 2022 &Nov2022. I have opted unit 10 in notification it has been mentioned that single sitting. What is the meaning of single sitting. Is I need to write 3 papers or 4 papers? . Please resolve this issue sir/madam.


S.Jegadeesan

Sir
I would like to clarify some doubt regarding Income Tax on Sale of Immovable Property by NRI

Mr Elango is an NRI sold an Immovable Property in 2022 for Rs.95 Lakh which was bought by him through his NRE Account in 2009 for Rs 15 Lakh
Whether the above is taxable @ 20% without any basic exemption Limit as available to Resident ? or he can claim Basic Exemption limit which is not taxable ?

Further Form 15CA is enough or 15CB is required to submit while transfer the Proceeds to NRE A/c?
What rate of TDS will be applicable to NRI whether 20% with Surcharge, Education Cess or Flat rate of 20% only?


S.Jegadeesan
30 January 2023 at 18:13

Income Tax Surcharge on Arrears Salary

Sir
I would like to clarify some doubt regarding Surcharge on Income tax .Whether Surcharge on Income Tax is applicable in case Total Income of an employee exceeds Rs 50 Lakh due to Arrears received in F Y 22-23?


G Prathiba

After completion of articleship of CA, is approval goes to the principal ? to apply exam

or

Is approval needs to take after completion also, to apply exam?

Please clear this doubt . Thanks in advance.


vaishnavi vaishu

please let me help to know how to delete form in ssp portal which is in pending status. By mistake i opened conversion form and made a click on save and next in personal details. Now i want to delete that conversion form.






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