powered by logo

Forums

No so confident in Income tax

Direct Taxation

answered on 06-Apr-23 11:14

Can anyone help me out in income tax...i need to know the strategy to clear exams (may 2023)..i guess I'm doing good with gst

latest answer

Thanks Ma'am

Mahalaxmi B

Mahalaxmi B

CA Inter

5K+

2

482

Supply under gst

Indirect Taxation

answered on 06-Apr-23 10:58

Here composite discount means individual discount for every item right??

latest answer

1 discount for all items

Rifhat Khan

Rifhat Khan

CA Inter

28K+

1

538

Video sound is not proper

Financial Reporting

answered on 07-Apr-23 17:01

Business combination from 23 to 28 lecture audio is not proper

latest answer

This is updated.

Arjun Narayanan

Arjun Narayanan

CA Final

3K+

3

542

Rotation of Auditors

Auditing

answered on 24-Apr-23 21:01

Do we need to assess the applicability of rotation every year? Which year we need to consider to check the applicability?

latest answer

the law specifies no date at which such limits should be reckoned ( like end of financial year, audit of accounts/ during the year etc). thus conservative approach would be required.

Suresh Avinash

Suresh Avinash

CA Final

3K+

5

607

Joint products

Costing

answered on 05-Apr-23 12:08

Sir, While apportioning joint costs, In the absence of specific info We did on different basis like physical quantity & value at split off.... In various sums. But how to know what to use..?

latest answer

The information would be available in the question. If NRV is available, do based on that.

Divya K

Divya K

CA Inter

885

1

505

Sale on approval or return basis

Accountancy

answered on 07-Apr-23 16:55

Can both formats be used to prepare sale or return day book. Are both same?

latest answer

In real life there is no standard format. Each entity will devise format which suits them.

SUBODH M JAIN

SUBODH M JAIN

CA Final

2K+

3

378

Investment decisions

Financial Management

answered on 05-Apr-23 14:01

In the question why should we need to consider working capital as terminal cash inflow

latest answer

When you start the project you need amount for working capital. Once the project ends the working capital is no longer needed and the funds will be released.

P.udaykumar Pasupulati

P.udaykumar Pasupulati

CA Final

2K+

3

521

Redemption of debentures

Accountancy

answered on 05-Apr-23 10:06

Why are we crediting underwriters account in both the journals?

latest answer

Thank you

Punitha Krishnaraj

Punitha Krishnaraj

CA Final

5K+

2

473

C4

Corporate & Other Laws

answered on 05-Apr-23 20:06

Mam here should we mention all the disqualifications or only relevant disqualifications?

latest answer

The first part of the question requires us to write all the provisions relating to appointment of debenture trustee. Therefore mention all disqualifications. If this was not asked, we would have only written relevant disqualifications.

Sugam SM

Sugam SM

CA Final

9K+

1

613

Hp

Direct Taxation

answered on 18-Apr-23 10:39

16th sum

latest answer

Please try solving and post your solution. Will give corrections if required

Bhuvan Bhaskar

Bhuvan Bhaskar

CMA Inter

2K+

1

609