Forums
Registration
Indirect Taxation
answered on 01-Apr-23 15:53
Mr.A has H.o in Chennai whose T/o is 5 lakhs and two more branches are in Manipur which T/o 4lakhs , Assam which T/o 3lakhs. Whether registration applicable? (for statewise like manipur which aggregate T/o calculated as 5+4+3=12lakhs so, registration separately applied for manipur only)
latest answer
Aggregate turnover all over PAN Basis is Considered. Aggregate turnover is 12 lakhs . Hence , liable for Registration in Manipur as excess of 10 lakhs u/s 22. Aggregate turnover all over PAN is considered for liability of Registration.
Kamal Kumar
CA Inter
★ 7K+
1
546
Indigolearn books
Corporate & Other Laws
answered on 03-Apr-23 10:06
Is indigolearn book only enough to know all concepts of ca inter law ? Is it ok if I use the study material only for questions ?
latest answer
the books are enough and cover all concepts required for your exam preparation. You can refer to study material for questions.
sradha krishna sunil
CA Final
★ 5K+
3
602
Set - Off and Carry forward
Direct Taxation
answered on 03-Apr-23 10:08
What is the correct option? And Why?
latest answer
Current set off is allowed. Carryforward is not allowed.
st jagadeesh
CA Inter
★ 60
3
453
Tax Invoice
Indirect Taxation
answered on 04-Apr-23 19:03
if Mr.C supply services through cinematograph fillms then Mr.A buys 100 ticket as a bulk then can Mr.C issue consolidated invoice to Mr.A?
latest answer
Because in lecture, individual invoice is to be issued and my question can consolidated invoice issued for an unreg person like school, college and they want to show spl.show for their 100 students then invoice is individual or consolidated?
Kamal Kumar
CA Inter
★ 7K+
4
560
What is carrying amt in investment accounts
Accountancy
answered on 03-Apr-23 09:17
Explain
latest answer
Carrying amount of any asset is the value at which it would be shown in the balance sheet or simply the balance of the asset.
Dhakshana Dhakshana
CFA L2
★ 18K+
5
618
IND AS 116
Financial Reporting
answered on 01-Apr-23 08:38
Sir In this problem u said that standing at year 6 end Lease liability at end of year 6 is equal to present value of remaining lease payments Actually the term is 14 years So standing at year 6 end means bal period is 8yrs but y did u took 4 years only i mean u calculated upto 10 th year only Please clarify in this regard sir!! Thanks in advance
latest answer
yes correct
Thanusha Lakshmi
CA Final
★ 3K+
3
925
Allocating Depreciation to Cost of Inventory
Financial Reporting
answered on 03-Apr-23 12:01
Sir, IND AS 2 requires us to allocate overhead costs like depreciation to the Cost of Inventory. Is it a mandatory provision or there is any alternative. I have seen Financials where the entire depreciation is directly charged to P&L under the head "Depreciation Expenses". Doesn't this treatment violate IND AS 2?
latest answer
Okay sir.. Thank you..
Akhil HR
CA Final
★ 5
2
504
Process costing
Costing
answered on 02-Apr-23 21:37
Average cost method question
latest answer
Kindly explain ur question ❓❓❓
raksha singh
CA Inter
★ 0
4
572
Private income
Economics
answered on 13-Apr-23 22:39
While calculating private income we add NFIA with income from domestic product accruing to private sector. But this NFIA will also have a part to government which should be removed to identify private income. Why we are not doing it.
latest answer
Ok sir, thank you sir
Umayal Lakshmanan
CA Final
★ 6K+
2
761
Paper 4 exam postponment
Exams
answered on 01-Apr-23 18:38
Hello sir, in Karnataka state, MLA election has announced on 10th May. Is there any possibility of postponement of Paper 4 in Karnataka or they conduct exam on the same day?
latest answer
Official announcement
sunanda s m
CA Inter
★ 2K+
4
658