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Investment decision
Financial Management
answered on 10-Sep-23 13:43
In respect to accept-reject decision, npv and pi decision will not change.But in case of mutually exclusive projects which technique should be choosed for selecting the project as npv and pi will be be different for the project.
latest answer
Npv
Vignesh Sudalai
CA Final
★ 5K+
1
474
Indices
Maths & Stats
answered on 10-Sep-23 18:13
How to solve this question no 6??
latest answer
The answer is one
Taniya Thakur
CA Foundation
★ 1K+
4
473
Indices
Maths & Stats
answered on 10-Sep-23 18:15
How to solve this question no 4
latest answer
Loga+logb=loga/logb Use this formula to get the answer
Taniya Thakur
CA Foundation
★ 1K+
2
452
Exception of CSR
Corporate & Other Laws
answered on 09-Sep-23 14:35
According to sub-section 9, where the amount to be spent by a company under sub-section 5 does not exceed fifty lakh rupees, the requirement for constitution of the Corporate Social Responsibility Committee shall not be applicable and the functions of such Committee provided under this section shall, in such cases, be discharged by the Board of Directors of such company. Query = If Don’t apply for Co then Wht does discharge by BOD mean
latest answer
I solved this query
Sushmita Chowdhury
CA Inter
★ 2K+
1
422
Project MS Excel
Others
answered on 09-Sep-23 13:53
In MS Excel Course, the project instructions, under Tasks 2) it is given that, I've to compute sales of each product for June month. But in source sheet, June month itself is not present. Kindly clarify.
latest answer
Take July and solve. Also mention the formula for June.
Thasneem Banu
CA Final
★ 24K+
1
411
doubt of return amendment
Indirect Taxation
answered on 11-Sep-23 14:51
what is this amendment...not even single faclity has explained it in youtube video..help me
latest answer
It there on Indigolearn Youtube Channel mentioned as amendments.
Sahil walia
CA Inter
★ 5
3
780
Can Interest be levied on late payment of Penlaty
Indirect Taxation
answered on 09-Sep-23 14:26
Hello sir, Who has the power to levy penalty/Fine in sections like 122 or 132 ? Will the time period be given to pay such penalty? If not paid within the time, Can interest be levied on such Penalty for late payment?
latest answer
Proper officer. Generally, interest is not levied on penalty.
MOHAMMED THAYYAB
CA Final
★ 5
1
445
A/c of Co
Auditing
answered on 18-Sep-23 23:56
Modern Furniture Limited a listed entity has internal financial controls in place, during the financial year a failure in control system has been reported; controls were reinstated soon after such incident. Whether directors in Director’s Responsibility Statement can state that controls are adequate and operating efficiently? Answer Adequacy refers to the design of the control/system and signify whether the control/system that is in place, is fit for purpose or not. Operating effectively refers to whether the control/system in place has the desired effect of mitigating the risk or not. Here, adequacy and operating effectively together shall be read as adequate, operating effectively and applicable throughout also. Therefore, directors of Modern Furniture Limited in Director’s Responsibility Statement can’t state that controls are adequate and operating efficiently. My query = If the Co have reinstated i.e corrected then why it can’t state adequate ?
latest answer
Thank you
Sushmita Chowdhury
CA Inter
★ 2K+
4
640
Statutory Requirements for Change in Reporting Period
Auditing
answered on 09-Sep-23 12:15
Is there any Sec/AS/Ind AS deals with disclosure requirements about Change in FY/Reporting Period... Just mention... Ex. Company previously follows 1/Apl to 31/03 as FY but now they want to change FY as 01/May to 30/Apl
latest answer
Yes, these disclosures need to be provided as per Schedule III of the Companies Act, 2013
Mahantesh Biradar
CA Final
★ 92K+
1
545
Payment of Interest
Indirect Taxation
answered on 09-Sep-23 14:27
Hello Sir, According to section 50, interest is applicable from the due date of payment or input tax credit (ITC) utilization until the actual payment date. Here's a scenario: if a demand order is issued by the adjudication authority (which takes 3 years) under sections 73 and 74 for a tax liability of 1 crore due for the month of April 1st, 2017, and then this demand is appealed to the Appellate Authority (which takes 1 year to pass an order), followed by an appeal to the Appellate Tribunal (which also takes 1 year to pass an order), The interest on the unpaid/due tax amount is required to be paid until which day? a) 2017 to 2021 (4 years) b) 2017 to 2022 (5 years) c) 2017 to 2023 (6 years) Should interest be calculated on the remaining demanded unpaid amount (Tax due - 10% + 20% pre-deposit made during the appeal) for the entire period of appeals? In the case of option C, can the interest amount exceed the total tax due?
latest answer
Interest will be upto the period till it is paid. Interest may exceed the tax due.
MOHAMMED THAYYAB
CA Final
★ 5
1
459