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ICAI material backside question 11
Financial Reporting
answered on 31-Jan-23 13:18
Sir don't we have to consider the concepts like depreciation elimination approach or restatement approach?
latest answer
Yes
nazriya nasar
CA Final
★ 7K+
3
513
Leave travel concession
Direct Taxation
answered on 30-Jan-23 16:52
Suppose 2nd surviving children was triplets and first born total of 4 children. Can exemption be claimed in respect of all 4 children assuming all other conditions of 10(5) is satisfied
latest answer
Thanks
Sugam SM
CA Final
★ 9K+
2
514
10(5)
Direct Taxation
answered on 30-Jan-23 15:42
My attempt AY 23-24. PY is 22-23. What is block of 4 calendar years? I think year is 22. 2019-2020-2021-2022? Am I correct?
latest answer
Jan-22 to Dec-25 is the current block.
Sugam SM
CA Final
★ 9K+
1
456
Threshold limits
Indirect Taxation
answered on 30-Jan-23 18:48
All threshold limits under registration are they for one month or entire year? Also aggregate turnover threshold limit is for month or year?
latest answer
thank u sir
Harshitha Kalidindi
CA Final
★ 51K+
3
510
Rule 3(7)(i)
Direct Taxation
answered on 30-Jan-23 15:45
Provisio to 3(7)(i) Aggregate of loan of 20000 is it only for medical purposes other than specified diseases(as that is not perquisite) or such 20000 can be used for any other purposes. Also such amt is for whole year or monthly as we receive monthly salary.
latest answer
upto 20,000 aggregate, petty loans - no perquisite.
Sugam SM
CA Final
★ 9K+
2
435
Rule 3(7)
Direct Taxation
answered on 30-Jan-23 15:49
When this loan is treated as personal loan. What would be the interest rate ? Differential or only SBI rate?
latest answer
Thanks a lot
Sugam SM
CA Final
★ 9K+
5
507
Accounts
Accountancy
answered on 31-Jan-23 08:18
What is meant by stock in trade
latest answer
stock in trade means the finished goods which are ready to be sold in the business and not meant for the own consumption
Krishnan K
CA Inter
★ 5K+
5
446
Profit prior to incorporation
Accountancy
answered on 31-Jan-23 08:50
Interpretation i want
latest answer
hi it will be very helpful to you if draw the timeline and plot the information given (this will not form part of your main answer)
A M K
CA Inter
★ 2K+
7
537
Fair market value
Direct Taxation
answered on 31-Jan-23 12:00
Is it closing rate of previous day?
latest answer
Yes ,and we can also take the avg price as mentioned
Sugam SM
CA Final
★ 9K+
2
503
Ca foundation
Exams
answered on 31-Jan-23 11:45
When will the results be released ?
latest answer
Recent Tweet from CCM
Aparna PBSS
CA Inter
★ 8K+
11
688