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Ca IPCC

Exams

answered on 29-Aug-23 09:58

Sir , I have passed group 1 ipcc and now preparing for group 2 in nov 23. I only have advanced accounting, auditing and sfm papers. Since advanced accounting is added to group 1 do i need to prepare for it or should i focus more on the other 2 papers?

latest answer

Adv Acc is exempt. FM+SM you need to write.

AYSHA Remzi

AYSHA Remzi

CA Inter

★ 1K+

2

605

Exams

Exams

answered on 26-Aug-23 15:13

Sir, I'm preparing for 2nd group ca inter, If i pass 2nd group this Nov 2023, I have not cleared Group 1 yet, So in may 2024 for 1st group i should write Law & Tax only 2 papers or even costing paper. Since costing is pushed to 2nd group in new scheme. I could have already passed 2nd group under existing scheme.

latest answer

Oh sad

Shwetha Ram

Shwetha Ram

CA Inter

★ 6K+

2

513

Non resident taxation

Direct Taxation

answered on 26-Aug-23 16:19

What is the tax treatment of resident assessee's Share income from partnership firm in a foreign country. Section 10(2A) exemption applicable?

latest answer

Exemption will not be available. Section 10(2A) will be available only in case of share of profit from partnership firm in India

nazriya nasar

nazriya nasar

CA Final

★ 7K+

1

448

Composition scheme

Indirect Taxation

answered on 26-Aug-23 16:21

Is trader of pan masala is eligible for avail composition scheme, who have turnover in py upto 1.5 cr?

latest answer

Yes. Since only manufacturers of the same are not allowed.

Nakul Dixit

Nakul Dixit

CA Final

★ 4K+

3

692

The Finance Act

Direct Taxation

answered on 26-Aug-23 16:22

Can someone explain Part 3 in simple terms

latest answer

Advance Tax rates.

Soon to be CA

Soon to be CA

CA Inter

★ 4K+

3

542

Signing of financials

Corporate & Other Laws

answered on 27-Aug-23 15:21

A company has following people Person A - ceo and executive director B - director C - cfo D - director In this case WHO ALL should sign the Financials of the company.. Is this way of signing Financials correct By only A, B and C

latest answer

Thank you so much ma'am.. This really helps

Sai Teja

Sai Teja

CA Final

★ 14K+

3

415

Ca inter May2024

Others

answered on 26-Aug-23 13:12

Any ca inter may2024 student can u please say if all classes for may 2024 updated or not? And Any whatsapp group for ca inter may2024 students by Indigolearn?

latest answer

Okay Sir

Abhilash Y

Abhilash Y

CA Inter

★ 0

9

487

As4

Accountancy

answered on 26-Aug-23 13:16

In the below question,say whether it is adjusting event or non adjusting event if such event happened after balance sheet date but before board approval.

latest answer

Thank you sir

Krishnan K

Krishnan K

CA Inter

★ 5K+

2

442

As 4

Accountancy

answered on 26-Aug-23 13:08

As on balance sheet date , we have a total debtors of Rs.5,00,000. We created a general provision of 1% on provision for doubtful debts.After balance sheet date but before the board approval, Mr.B debtor of Rs.1,00,000 becomes insolvent. Ans. I think it is non adjusting event , becoz There is no condition that Mr.B will become insolvent is existing at the balance sheet date. General provision of 1%does not mean there is a condition existing at the balance sheet date. Is my understanding correct!

latest answer

Yes.

Krishnan K

Krishnan K

CA Inter

★ 5K+

1

551

Doubt

Accountancy

answered on 21-Sep-23 20:24

Sir ,recently somebody told that business law and accounts for ca foundation is going to be a in mcqs is it true ,please give me fast reply about this ,so that I can start my preparation

latest answer

Account and law are descriptive paper

Mangallapalli Vaishnavi

Mangallapalli Vaishnavi

CS Foundation

★ 680

2

626