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Fire insurance Loss of stock sum
Accountancy
answered on 25-Jul-22 17:40
Can anyone explain the ans last of the sum which is given below..... In that no salvage value is given. I will also attach my own practice of that sum.....last alone how the ans it came...... Pls tell me.. thanks in advance
latest answer
Yes
Balachandar S
CA Inter
★ 59K+
3
939
Illustration 2- Residential status and scope of total income
Direct Taxation
answered on 24-Jul-22 23:44
In this particular sum sub question C says Mr. Srinath has been visiting India for 120 days every year i.e. as per main question since past 10 years. As per that residential status of Srinath would be ROR since he satisfies condition 2 of section 6(1) and doesn't satisfy any condition of section 6(6). Why does the solution then ignores the fact that he has visited India every year since past 10 years and determined residential status only considering past 4 years and total income? Am i reading it wrong?
latest answer
please read the (b) option in the question and this 3rd condition carefully ,first of all Srinath is an indian citizen so this condition directly applies and he becomes and RNOR , if his income does not exceed 15lakh then he is considered as an non resident ... may be it helpul
Yogeshwari Rao
CA Inter
★ 0
1
1K+
RTP
Others
answered on 25-Jul-22 08:03
sir in the icai website are all the old Rtps Mtps & Pps updated as per the latest amendments?
latest answer
Thanks
A Sivani
CA Final
★ 11K+
3
540
Working capital management
Financial Management
answered on 25-Jul-22 15:11
Working capital = currents assets - current liabilities.. But in working capital estimation we are taking only currents assets-current liabilities(only trade payables, expenses out standing).. Suppose if question also have short term provisions, short term loans we can't add them to current liabilities for working capital estimation? Working capital and working capital estimation both are same or different?
latest answer
You can include short term loans and provisions ,as it a current liabilities,which also impacts operating cycle
Sandy Gokarakonda
CA Inter
★ 10
2
491
Basic Accounting Process
Accountancy
answered on 30-Jul-22 23:07
In the traditional approach a debtor becomes receiver. True or false.
latest answer
True....according to rules Debit the receiver Credit the giver
Jensy Devadhas
CA Foundation
★ 2K+
7
1K+
Bcom query
Exams
answered on 26-Jul-22 10:17
How to do bcom from open ?/ how to do correspondence bcom?
latest answer
You need to submit form 112.
Sahil walia
CA Inter
★ 5
12
600
Basic Accounting Process
Accountancy
answered on 24-Jul-22 15:12
In the traditional approach a debtor becomes receiver or giver? Please explain.
latest answer
Yes correct
Jensy Devadhas
CA Foundation
★ 2K+
3
1K+
Tax liability
Direct Taxation
answered on 27-Jul-22 10:39
Share its solution ...
latest answer
Dividend is taxable at normal rates and maximum surcharge on dividend is 15%
Rick Y
CA Final
★ 2K+
5
501
Strange pattern in marks- CA inter G2
Exams
answered on 26-Jul-22 22:47
I did really well in this exam but i got only 182 marks in g2 tats unbelievable and marks in each subject were like 49 42 49 42 idk how this pattern is possible. Even if i apply for revaluation i can't get mcq qp or ans paper. ICAI can easily reduce my mcq marks and I can't even prove them that im correct. Can anyone say what should i do now? Is it possible to apply for revaluation after getting papers through RTI act?
latest answer
Sure thank you
V U Lakshmi
CA Final
★ 0
8
625
GMCS
Others
answered on 24-Jul-22 11:20
Is it mandatory to complete GMCS course to appear for CA FINAL(NEW) exam?
latest answer
Yes
Eswar K
CA Final
★ 125
2
688