Forums
notes
Others
answered on 17-May-21 14:01
except for accountancy and costing, I decided to prefer the indigo learn notes(even for taxation) for nov 21 exams and neglect icai materials as they are bulky,should i?
latest answer
Exam papers are corrected based on the keywords in study material... class notes are for conceptual purpose
Vamsi Krishna
CA Inter
★ 121K+
4
676
Doubt
Direct Taxation
answered on 08-May-21 21:13
In this question fee for technical services it is not clear about by whom it was paid (ie.,by residents or non residents) then how to compute whether it is Indian or foreign income
latest answer
Ok thank you
Sri kanaga Varshini
CA Final
★ 3K+
5
637
Tax auditing
Direct Taxation
answered on 09-May-21 10:35
What would be maximum tax audit fee for a person with a turnover of 6 crores
latest answer
There is no maximum limit for any audit fee. It depends upon auditor to auditor.
anamika vardhan
CA Inter
★ 1K+
4
727
ACTIVITY BASED COSTING
Costing
answered on 10-May-21 15:36
The 3 rd practical sum pg 5.33 in the ICAI material has a part of the question stating the revenue,cost of goods sold and (soft drinks)cost of bottles returned,my doubt is that when the goods are returned, before returning they would have formed part of revenue in the form of Cost + profit but when returned in the solution section they have deducted only the cost of goods returned but not also the profit generated by it which still forms a part of the revenue. Please clarify
latest answer
Its not the cost of bottles , it is the cost of returning the bottles.... example they must have employed someone to collect and bring back the bottles, the cost of the activity of returning bottles is Rs.60,000 hence added as support cost
lithish kumar
CA Final
★ 3K+
5
705
Ouoram
Corporate & Other Laws
answered on 08-May-21 11:46
What is meaning
latest answer
Thanks bro
Abdul Ajees
CA Inter
★ 880
2
678
Basic concepts
Direct Taxation
answered on 08-May-21 11:08
What is presumptive taxation scheme is ?
latest answer
This is a facility where the tax payer pays tax at lower rates (8% or 6%) on his total turnover. You will have an elaborative discussion when you come to the chapter "Profits and Gains of Business and Profession"
GOKULA LAKSHMI
CA Final
★ 21K+
1
701
Extension
Others
answered on 08-May-21 07:30
Extension of course
latest answer
From when to when? From Nov 21 to may 22? we shall open the window after the Nov 21 exams. pls reach out them
Naveen Kumar S
CA Inter
★ 1K+
1
625
Composition scheme
Indirect Taxation
answered on 07-May-21 22:02
Please explain me the logic behind the exclusion of GST's(CGST, SGST, etc,.) in composition scheme.
latest answer
Thank you so much for clearing the doubt
Sainisha Ramesh
CA Inter
★ 200
2
639
Composition scheme
Indirect Taxation
answered on 08-May-21 09:24
In case of composition scheme, the GST's (CGST, SGST, etc,.) gets excluded, but why does in the case of manufacturers the GST is applied on the turnover. I could understand the logic in the case of the trader (applies on the taxable turnover) but not in the case of the manufacturers .
latest answer
Thank you so much for clearing the doubt.
Sainisha Ramesh
CA Inter
★ 200
2
764
What is tax not collected and paid.
Indirect Taxation
answered on 08-May-21 11:44
Income tax department use to take away the income earned illegally, and for which tax is not paid. As like this,do GST department would take away goods if the supplier doesn't pay indirect tax
latest answer
Seizure of goods is one of the mode of recoveries under GST
Paidala Harish
CA Final
★ 2K+
1
626