Forums
General
Auditing
answered on 12-Aug-23 18:28
Can first auditor be appointed for one term of five years?
latest answer
he will be appointed for a term of 5 years, however the right of resignation and removal before the expiry of the term will not be affected.
Krishnan K
CA Inter
★ 5K+
4
605
Form109
Others
answered on 14-Aug-23 08:48
Sir I have submitted wrong pdf in the form109 for termination of articleship within one year.Is their any problem from it?
latest answer
If there is any issue, ICAI will provide.
Shiva Naga Raju
CA Final
★ 9K+
1
503
F&O
Direct Taxation
answered on 09-Aug-23 20:39
As F&O is normal business, there are 2 options. One is presumptive taxation and the other one is to show books. PRESUMPTIVE TAXATION: FUTURES: Absolute profit and loss is the turnover for Futures trading i.e let's say we earned profit of Rs. 100 in one trading and suffered loss of Rs. 100 in another one. So, turnover will be Rs. 200 OPTIONS: For loss transactions in Options, Turnover = Absolute loss + Sale Value. So, turnover will be buy value. FIRST DIFFICULTY comes with calculation of turnover for profit transactions in Options. Trading platforms like Groww, Angel One etc.. suggest Turnover = Profit + Sale Value. But Tax Guru suggests Turnover = Profit value. So, which is the correct one?. Images are attached below. SHOWING BOOKS: Even if I have suffered losses, I have to show a minimum of 6 percent profit under presumptive taxation. To carry forward losses, there is no other option other than to show books. But how is it possible practically? To show such a huge turnover as discussed in presumptive taxation and to arrive at a negative figure. CORRECT ME IF I AM WRONG.
latest answer
Sorry sir, there is no answer in that forum query too..
Durai Murugan
CA Final
★ 470
2
557
CDs portal log in issues
Others
answered on 09-Aug-23 15:23
I am unable to login CDs portal of icai. How to resolve it
latest answer
Use your proper registration number
N.Gokulnath
CA Inter
★ 850
3
629
AGM
Corporate & Other Laws
answered on 10-Aug-23 11:23
1st AGM 30/9/19 2nd AGM not yet held within 31/12/19 (i.e within 15months) Can Co ask for extension ? (Is it after 15months also Co can ask for extension ?)
latest answer
Yes
Sushmita Chowdhury
CA Inter
★ 2K+
22
783
Constitutional provisions
Indirect Taxation
answered on 09-Aug-23 11:04
What is meant by extra teritorial operation
latest answer
operating outside the state
Mahesh prabu
CA Inter
★ 5
1
500
Switching Devices
Others
answered on 09-Aug-23 10:03
I am watching the lectures from the same iPad, even today morning I was watching from this device. Now it displays this message!!
latest answer
Okay Sir
Soon to be CA
CA Inter
★ 4K+
5
539
Rounding off
Auditing
answered on 09-Aug-23 18:11
Whats the meaning of decimial thereoff?? So atleast we should round of 100s rights?
latest answer
Oh...sry for disturbing sir but cant get clarity Eg.1,23,45,678 I think We can show Financial Statement as per lakhs(123.45678) or thousand(12,345.678)or crores (1.2345678) our wish(irrespective of Turnover) right?? But rounding off is mandate by schedule iii eg. hundreds - 1,23,45,700 Thousands - 1,23,46,000 Lakhs - 1,22,00,000 Right? I want to show my FS as in lakhs but rounding off as hundreds(schedule iii mandate) only bcoz of less than 100 crore company Asset - 123.45 lakhs Means 1,23,45,678 or 1,23,45,700 ?? If i wish to show my FS as whole number.shall i can 1,23 45,678 or ,1,23,45,700 is correct???
sameer fahad
CA Final
★ 5K+
4
1K+
Marksheet
Others
answered on 09-Aug-23 13:02
Did anyone got CA inter marksheet of last attempt?
latest answer
No
Dharshini Sankar
CA Inter
★ 7K+
1
443
Supply chapter
Indirect Taxation
answered on 09-Aug-23 09:23
Explain the below provision
latest answer
I think.Section 7(2) of cgst act give exclusions in supply...section 7(2)a ( schedule iii )list of transaction should be treated as neither supply of goods nor supply of service...apart from that notified transaction undertaken by CG,SG or any local authority...like panchayat or municiplaity they give some service like issuing some documents et etc. It should be consider as neither supply of goods nor service ..like issuing alcohol selling license against license fee or application fee aslo should be treated as neither supply of goods nor service
Krishnan K
CA Inter
★ 5K+
3
487