Forums
Redemption of preference shares
Accountancy
answered on 08-Jun-23 14:35
Please tell whether option(a) or (b) .which is correct and why?
latest answer
No of equity shares to be issued = 5,000/10 = 500 Amount collected on issue of shares = 500 x 12 = 6000 Premium on redemption to be provided out of P&L
Krishnan K
CA Inter
★ 5K+
11
948
Adv ITT Class
Others
answered on 12-Jun-23 11:58
Sir, Recently I , Joined Adv ITT Class but due to Some reasons it got cancelled, instead of Giving Refund they given token number which can be used another time when we book Adv ITT Can Anybody Say the Validity period for the Token Number
latest answer
You can reach out to the branch.
Surya Prakash
CA Final
★ 19K+
1
483
It return
Direct Taxation
answered on 08-Jun-23 09:51
Last year we have filed under new regime for an individual you has income from business. However this year they feel that old regime is beneficial,so is there any process behind to convert or we can just change at the time of filing the return. Form 10-ie will it be cancelled automatically?
latest answer
For Individuals Form 10 IE is for each assessment year. So if old regime is chosen, no need to file the form.
Gayathri S Nambiar
CA Final
★ 2K+
1
439
Exemption related doubt
Others
answered on 08-Jun-23 14:29
The exemption rules say that if a student fails in one/more paper but secures 60 marks in a group will be given exemption. My question is, what if a student pass in 3 subjects of a group with 40 marks and gets 60 marks in one paper like in the above example: Accounts- 60 Law - 40 Costing - 40 Tax - 40 Total -- 180(fail) In this example, he/she didn't fail even in single paper. Will ICAI give exemption to accounts or not? (As in the rule, they gave only the word paper/papers but not group)
latest answer
Yeah
Naresh Sundar
CA Inter
★ 2K+
7
470
Ind AS 109
Financial Reporting
answered on 08-Jun-23 09:39
In Financial assets example, Deposit given for returnable container is said to be financial asset. What if deposit is withold by supplier when we failed to return container or container got damaged, theft etc?
latest answer
The asset will be derecognized and expensed to P&L
Himanshu Somani
CA Final
★ 97K+
1
426
Admit card
Exams
answered on 08-Jun-23 10:24
Can we appear in ca foundation exams on provisional basis and do we get our admit card if we have not uploaded original 12th marksheet.
latest answer
Okay. Then no issue
SUBODH M JAIN
CA Final
★ 2K+
4
482
PAST EXAMS, RTPs & MTPs
Exams
answered on 07-Jun-23 18:54
For May 2024 exams, if I referring from Jan 2021 past exam qus, rtps & mtps would be sufficient.
latest answer
Okay Sir. Thank you
CYNOPHILE S
CA Inter
★ 925
2
670
Contract of Guarantee
Corporate & Other Laws
answered on 08-Jun-23 09:52
C contracts with B to build a ship the payment of which is to be made in instalments at various stages of completion. A guarantee's C's performance. B prepays the last two instalments. A is discharged of his liability. A is discharged by this prepayment. Can someone explain this example. How it discharges the surety?
latest answer
Change in conditions
CYNOPHILE S
CA Inter
★ 925
2
412
The Indian Contract Act,1872
Corporate & Other Laws
answered on 07-Jun-23 15:58
How the suit was decreed in his favour?.. because he travelled without ticket.That's why the Authority put fine to him..
latest answer
Ok thank you sir..
Sr the Unique
CA Inter
★ 10
2
474
study hours
Others
answered on 08-Jun-23 04:52
during lecture period how many hours of study is recommended. Imediately after lectures do you just revise that day's work or is there something specific?
latest answer
Thank you Sir and thanks everyone for taking out time to respond.
Shrinidhi K
CA Inter
★ 1K+
7
576