Forums
RCM
Indirect Taxation
answered on 02-Dec-25 09:43
Incase of DIRECT SELLING AGENT service supplied by recovery agent or DSA other than a body corporate RCM will be applied Here service is provided by partnership which is not a body corporate so RCM should be applied right? Please clarify me 😅 [Video Time Stamp: 08:24]
latest answer
For Direct Selling Agent - RCM will apply only if supplier is Individual DSA.
Parthi ban.B
CMA Final
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1
188
SA315 & SA260
Auditing
answered on 07-Dec-25 21:02
Mam, why there are two different standard for same area. I mean, why SA315 does not have a reporting component, for which a seperate standard is given? And i also wonder for begining the audit, we will assess the risks under 300 series, but for reporting, it goes back in 200 series. I am not confused, just curious aboubt the arrangement of standards by ICAI. [Video Time Stamp: 00:24]
latest answer
Because they serve completely different purposes. SA 315 - Understanding & Assessing Risks This standard is about the auditor’s internal process: • How to understand the entity • How to understand internal controls • How to identify & assess risks of material misstatement SA 315 has nothing to do with communication with external parties ,it is fully focused on the auditor’s analytical & risk assessment work. SA 260 - Communication with Those Charged with Governance (TCWG) This standard is about communicating: • Significant audit matters • Significant risks • Independence • Planned scope & approach This is an external-facing standard, telling the auditor what must be communicated to management/TCWG. ⸻ ✨ Why can’t SA 315 include reporting/communication requirements? Because risk assessment (SA 315) and communication (SA 260) are two distinct layers of audit responsibility.
Vinod Kumar
CA Inter
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138
ii point
Financial Reporting
answered on 28-Nov-25 11:37
Sir In ii question how will it be a DTA.?? As TBA < CAA.
latest answer
Its creationg of provision for restructuring so a liability and asset.
K Vamshi
CA Final
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130
Mergers, Acquisitions and Corporate Restructuring
AFM
answered on 27-Nov-25 10:21
Hello sir, In these questions it is clearly mentioned that weights are to be taken on the swap ratio for book values. Then why ICAI has considered on the book value per share. In the exam should which one should we follow?
latest answer
Both questions say clearly that the swap ratio is weighted average of 3 value BVPS, EPS & MPS. That is what they have done too. What is the query? i have not understood
Shreyas Nayak
CA Final
★ 0
1
139
WC
AFM
answered on 26-Nov-25 17:32
Sir,why are we showing only incremental wc ? we should show total amount right? [Video Time Stamp: 30:00]
latest answer
oh yes ,yes. thank you sir.
Sahal Shalu
CA Final
★ 0
2
157
exceptions - 3 point
Auditing
answered on 07-Dec-25 21:02
If the mgt shown that the FS are unaudited on the face of the balance sheet whether auditor can relive from the responsibility of SA -501
latest answer
No . He has to perform procedures
21SCO08 mahalakshmi
CA Inter
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1
118
Registration
Indirect Taxation
answered on 02-Dec-25 09:43
Services through G-drive, Own website, Service taken for app from others are not E-Commerce, so registration not require if it does not cross threshold limit, Correct ah sir
latest answer
Yes right.
Sudhanbrabu T
CA Final
★ 0
1
140
corresponding figures
Auditing
answered on 07-Dec-25 21:03
Mam whether corresponding figures includes current year and previous information or only previous year information [Video Time Stamp: 15:13]
latest answer
Previous year information.
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
127
Ind As 40
Financial Reporting
answered on 26-Nov-25 14:48
Why they have not considered depreciation from 1 April 20×1 to 31 March 20×5
latest answer
They have purchased Land
Gauri Shete
CA Final
★ 5K+
1
134
Surcharge
Direct Taxation
answered on 02-Dec-25 09:45
Here why the 25% and 37% rates are excluded from dividend and capital gain income?
latest answer
Because the maximum rate of surcharge on those income is 15 percent.
Snehashis Mohanty
CA Inter
★ 35
2
142