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Audit of government companies and corporations
Auditing
answered on 13-Nov-25 17:43
Mam what do you mean by supplementary report
latest answer
A supplementary report in government audit is like an add on report issued by the auditor to include any new, additional, or corrected audit information discovered after the main audit report was issued.
21SCO08 mahalakshmi
CA Inter
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1
118
Professional Ethics
Auditing
answered on 13-Nov-25 17:44
As per the answer given in the study material, are members permitted to take up engagements for trading in derivatives?
latest answer
Yes. In personal capacity
Irfanah Ilias
CA Final
★ 48K+
1
111
Salary
Direct Taxation
answered on 13-Apr-26 15:52
What is the income chargeable under the head salaries under default tax regime?
latest answer
Income Under the Head "Salaries" (Default Tax Regime) Under the default tax regime, income under the head “Salaries” comprises all receipts arising from an employer-employee relationship, including basic pay, allowances, perquisites, bonuses, and pensions. Key Technical Considerations: Limited Deductions: Unlike the old regime, most exemptions (like HRA and LTA) are unavailable. However, the Standard Deduction of ₹50,000 and the deduction for Family Pension remain applicable. Exemptions Retained: Critical exemptions such as Gratuity, Leave Encashment (on retirement), and Retrenchment Compensation are still valid under the default regime. Perquisites: Non-monetary benefits are valued and taxed as per Rule 3, often forming a significant part of the taxable base in this regime. Accurately computing these components requires a deep dive into the specific salary structure and current notification limits—a process we specialize in at Setindiabiz to ensure full compliance and tax optimization.
thecommerce graduate
CA Final
★ 0
2
140
Procedure : Persuasive evidences
Auditing
answered on 13-Nov-25 17:47
Mam, the various list of procedures do be performed to audit the assertion of Occurence is studied now. My doubt is, 1. Are these procedures exhaustive? or Inclusive?. 2. Only these procedures should done for audit? 3. Cant we perform any other procedure to obtain reasonable and persuasive audit evidence?
latest answer
Audit is purely professional judgement of the auditor. Anything given is inclusive in nature. So u can perform any other procedure which enables u to obtain sufficient appropriate audit evidence.
Vinod Kumar
CA Inter
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100
Aggregate turnover
Indirect Taxation
answered on 17-Nov-25 17:43
So RCM value 200,000 + 18% GST amount will be excluded from aggregate turnover calculation [Video Time Stamp: 03:23]
latest answer
Inward supplies liable to RCM is not included in aggregate turnover.
Parthi ban.B
CMA Final
★ 2K+
1
114
At7:35
CFA
answered on 13-Nov-25 07:43
If the right to buy is at 50000 and a premium is charged with the minimum amount of market difference which is in this case10000, then it can be directly bought from market instead of excercising the option... Correct? [Video Time Stamp: 07:39]
latest answer
10k
Ganesh V
CFA L1
★ 0
1
81
Interest rate reference
CFA
answered on 13-Nov-25 07:40
I know interest rate reference is an example, but which is the interest rate here we are referring to? Is this Repo rates? [Video Time Stamp: 03:54]
latest answer
Yes typically we are looking at REPO rate I’m Indian context and FED FUNDS rate is US context
Ganesh V
CFA L1
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1
88
Video at35:35 convienece yeild
CFA
answered on 13-Nov-25 07:39
If the demand and it can be sold mandatorily, they what is the reason it will decrease the value of future contract? [Video Time Stamp: 27:00]
latest answer
Convenience yield
Ganesh V
CFA L1
★ 0
1
68
dividend
Corporate & Other Laws
answered on 13-Nov-25 13:04
isn't the answer supposed to be 30th Aug is 1st and 24th sept in 2nd
latest answer
Yes, it is 30th August and 24th September.
Ritu Kotian
CA Inter
★ 19K+
1
93
proxy
Corporate & Other Laws
answered on 14-Nov-25 09:19
proxy cannot vote except by poll, right? please explain this question below under case scenario 1
latest answer
The answer should be option b
Ritu Kotian
CA Inter
★ 19K+
3
111