Forums
Demands & Recovery
Indirect Taxation
answered on 28-Aug-23 17:18
Kindly provide solution for the attached question. As per my view, according to Section 73(10) if a person receives a notice after 2 years and 9 months from the year of input tax credit wrongly availed. i) Invalid, since SCN is received(23-03-23) after 3 years from the due date(31-12-19) of annual return filing for FY(18-19). ii) date of filing is irrelevant, SCN is invalid. iii) No demand assessee need to pay. Kindly clarify in the attached case.
latest answer
Most Welcome.
Aswath Natarajan
CA Final
★ 2K+
6
544
Tax regime applicable for may 24 ?
Direct Taxation
answered on 28-Aug-23 15:01
Tax slab under normal scheme and under 115 BAC applicable for may 24 ? It's confusing 😕
latest answer
115BAC is the default tax regime and the rates given by Finance Act is optional tax regime.
Deepak shah
CA Inter
★ 630
3
568
Allowance
Direct Taxation
answered on 28-Aug-23 11:09
I don't know why sir hasn't told about this in the lecture They've just added at last What am i suppose to interpret about the below provided attachment 🤥 After reading the attachment, kindly read the below given doubt 👇👇👇⬇️ •whether allowance can't be claimed or exemption for allowance can't be claimed?
latest answer
Cleared ✅👍
SAI AKASH GORU
CA Final
★ 750
6
477
Accounts of Co
Corporate & Other Laws
answered on 29-Aug-23 14:09
Pls explain what it mean by salient features of CFS
latest answer
Thank you so much Ma’am
Sushmita Chowdhury
CA Inter
★ 2K+
3
430
IND AS 33
Financial Reporting
answered on 28-Aug-23 11:02
Sir, in this question ICAI has presented the answer in quarter wise even though it is not asked. Can we present it not in quarter wise and show it on total basis ?
latest answer
Quarterly - Since info is given quarterly
Swathi Krishna
CA Final
★ 8K+
1
433
General Doubt About Test
Accountancy
answered on 27-Aug-23 20:18
I have complete entire syllabus of CA foundation accounts I have been revise 3 time I have also done llustrations and practical questions RTPS and previous year question Should I have start giving mock test
latest answer
Yes I think you should appear for mock test series at least it provides you where you are stand for.
Ab Devliear
CA Foundation
★ 3K+
1
530
Query regarding Revetion and test
Accountancy
answered on 28-Aug-23 14:57
I have complete entire syllabus of CA foundation accounts I have been revise 3 time Registration and practical questions RTPS and previous year question Should I have start giving mock test
latest answer
Yeah...give a mock test It builds confidence
Ab Devliear
CA Foundation
★ 3K+
1
374
e-way bill provision on courier agency
Indirect Taxation
answered on 19-Dec-24 18:33
courier agency (eg. professional courier) doing door pickup service for an entity for to delivery packaged goods to inter and intra state customer, whether e-way bill generate provisions attracks for an entity or courier agency.
latest answer
Let us not talk about any specific software.
Yogesh S
CA Final
★ 125
5
1K+
Passing Mark in Audit (New Scheme)
Exams
answered on 29-Aug-23 10:33
I am targeting to Pass CA Inter Group - 1 and SM+ EIS in Existing Scheme in the Nov - 23. So that I can write only Audit in May - 24. If so, what will be the passing mark in Audit to clear the Group-2 ? Will it be 40 or 50 or I have to get exemption by scoring more than 60 in May - 24 ?
latest answer
Thank you
Maria Helan
CA Inter
★ 3K+
3
448
Time Value of Money
Maths & Stats
answered on 28-Aug-23 06:41
I am not able solve the Question Can you please explain the solution
latest answer
This can be done by assuming interest rate as x and solving or take a number from the options preferrbaly between 3.46 and 3.6 i.e 3.5% and substituting and solving for it If we assume x as interest rate then 725 * x%* 12/12 + 362.50 *2x*4/12 = 33.50 725x% + 724x%/3 = 33.50 2175x% +725x%=100.5 2900x% = 100.5 x% = 100.5/2900 x% = 3.4655%
Ab Devliear
CA Foundation
★ 3K+
1
452