Forums
Forex
AFM
answered on 26-Jul-23 14:42
Illustration 90 There is cancellation gain sir But it's written as loss
latest answer
Yeah - getting it corrected - it was written as gain initially and then changed to loss - not sure why Gain is right
Priya Namburi
CA Final
★ 2K+
1
639
doubt ratios
Financial Management
answered on 26-Jul-23 10:54
In inventory turnover ratio why in some cases COGS is take as numerator and other cases sales? how to understand which to take ?
latest answer
Cogs should be taken. If sales is given in the question deduct gross profit to arrive at cogs
sradha krishna sunil
CA Final
★ 5K+
1
548
Exemptions
Exams
answered on 26-Jul-23 18:10
Sir/mam, I had cleared inter group 1 in may 23 and I decided to attempt group 2 in may 24... Whether I get exemption in costing.. What about the advanced accounting... What are all the other benifit....
latest answer
Ok.... Thanks✨
Aswin Kumar
CA Inter
★ 0
3
652
Incomplete records
Accountancy
answered on 30-Jul-23 00:03
Can someone explain the effect of cheques collected but dishonoured entry in bank and sundry creditors A/c
latest answer
Got it cleared Thank you
Devika Das
CA Inter
★ 2K+
3
508
New scheme
Others
answered on 26-Jul-23 18:11
I'm writing group 2 in nov 23 and fortunately in the hope of passing the same. So for may 24 I need to write only group 1,so do I need to write costing which is in group 2 from may 24 even if I pass group 2 of the old scheme and also advnaced accounts which has been combined with accounts for new scheme...should I need to write that paper also even if I clear my group 2 this attempt. Thank you
latest answer
You should be waiting for official clarification from ICAI, presently you can focus on preparing for exams. All the best 👍😇
Gayathri S Nambiar
CA Final
★ 2K+
1
437
Sections is essential
Corporate & Other Laws
answered on 26-Jul-23 12:00
Is that Sections are necessary to remember and mention in the exam. In case if I am not mentioning the sections but my answer are correct . The examiner will reduce any marks
latest answer
If you are 100% sure about section numbers state it else don't...
Santhosh S
CA Inter
★ 355
4
472
Residential status
Direct Taxation
answered on 30-Jul-23 20:45
What might be the 5 th answer?
latest answer
None of the above since it is not income of the current year. Past untaxed income brought to India during the previous year is not taxable.
Ujwal Reddy
CA Inter
★ 7K+
8
640
Books
Exams
answered on 25-Jul-23 18:45
Sir, there is no link to apply for books for group two under new scheme .. When will I be able to do the same ?
latest answer
You can use soft copy notes
SANSKRITI BADRI 2111339
CA Final
★ 4K+
2
592
Expenses on maintenance of garden attached with house
Direct Taxation
answered on 26-Jul-23 10:38
Is the above expense taxable in the hands of the employee? Rent free furnished accomodation is provided by the employer.
latest answer
Thank you ma'am
Sucheta Ghosh
CA Inter
★ 0
5
506
Arrear allowance
Direct Taxation
answered on 25-Jul-23 12:37
Is arrear allowance for earlier years taxable in PY?
latest answer
Thank you Sir
Sucheta Ghosh
CA Inter
★ 0
2
562