Forums
Private placement
Auditing
answered on 04-Aug-23 22:12
Does futherr issue of shares by a company to it's holding company during the year comes under private placement. Because Caro asks whether company made private placement during the year?? What we should mention
latest answer
Shares offered to selected (identified) group of persons, is considered to be Private placement. This will be Private placement ( shares are offered to Holding company) also called as Preferential allotment. This is required to be disclosed in CARO
Sai Teja
CA Final
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5
638
Pgbp
Direct Taxation
answered on 04-Aug-23 10:30
Computation of deduction allowable
latest answer
Thank u
Sowmiga Chandrasekaran
CA Inter
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2
476
As 2
Accountancy
answered on 12-Aug-23 15:39
Why exchange difference is not included in inventory cost?
latest answer
Exchange differences are typically not included in inventory cost because they represent fluctuations in currency exchange rates and do not directly relate to the actual cost of acquiring or producing inventory items. Including exchange differences in inventory cost could distort the accurate valuation of inventory and make it challenging to compare costs across different time periods or entities. Instead, exchange differences are often recognized as gains or losses in the income statement or other financial reporting sections, reflecting the impact of currency fluctuations on the company's financial performance
N.Gokulnath
CA Inter
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3
559
D. Material
Costing
answered on 12-Aug-23 15:43
Is the answer semi-variable cost or variable cost?
latest answer
Prime cost
Soon to be CA
CA Inter
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9
538
pGBP
Direct Taxation
answered on 04-Aug-23 10:48
1. Mr. Abhay has furnished the following particulars relating to payments made and expenditure incurred towards scientific research for the year ended 31.3.2022: Sl. No. Particulars (in lakhs) (1) Payments made to an approved Agro Research Association. 25 (11) Payment made to RR University, an approved University 15 (iii) Payment made to XY College 17 (iv) 10 Payment made to IIT, Madras (under an approved programme for scientific research) (v) Machinery purchased for in-house scientific research 20 (vi) Salaries to research staff engaged in in-house scientific research 14 Compute the deduction available under section 35 of the Income-tax Act, 1961 for AY 2022-23, while computing his income under the head "Profits and gains of business or profession". (5 MARKS)
latest answer
Please try solving and post your solution
Sowmiga Chandrasekaran
CA Inter
★ 7K+
1
647
FIFO
Costing
answered on 04-Aug-23 09:24
Can someone explain this paragraph in simple terms?
latest answer
While falling of prices the materials can be available at lower costs, which sent for production .In this the production costs will be low .This will benefit the organization to get more profits as it can sell it for market price.
Soon to be CA
CA Inter
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1
566
Audit
Others
answered on 12-Aug-23 10:59
Are the videos for may 2023 in the same order as textbook material in icai website (2021)
latest answer
mostly yes - faculty may some time change a few topics to ensure learning progress is logical
SANSKRITI BADRI 2111339
CA Final
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1
657
Articleship interview
Others
answered on 04-Aug-23 10:59
Anyone who are cleared intermediate and joined articship would u please share what all aspects would be tested in interview?
latest answer
Depends upon which filed u chose to work in.. Is it gst, income tax, stat audit or internal audit
Kiran Vijay
CA Final
★ 4K+
1
488
Exemption
Exams
answered on 03-Aug-23 14:21
I scored an exemption in Nov 2020. I skipped May2021-May2022 exam. But filled exam form for Nov 2022 in which I didn't appeared. After that I skipped May 2023. Now I am appearing in Nov 2023. Will i be able to claim the exemption that I got in Nov 2020?
latest answer
Okay. Thank you
Finance KL
CA Inter
★ 5
2
594
Agreement For Job Work
Indirect Taxation
answered on 06-Aug-23 13:47
Any agreement required for job work between Principal Manufacturer and Job worker...?
latest answer
Yes it is.
Ravikumar Pandi
CA Inter
★ 2K+
3
503