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Indirect Taxation
answered on 10-Jun-25 19:00
In exam, we write reason in detail like we explain whole provision including the text in law which is not relevant and then write calculation or how ? Means in this question for motor vehicles, do we simply write that in virtue of this section, ITC is not allowed except in case of exception or do we write the whole section
latest answer
Ok sir
Hrishikesh Pradhan
CA Final
★ 18K+
2
192
Fema act 1999
Corporate & Other Laws
answered on 15-Jun-25 14:52
In this que me milap has visited India on 1 st july 2021 ,for employment, so from this day he should be treated as residence,however in solution it is shown that he is non resident for while year , y is this so?
latest answer
There is a mistake in the solution
Samarth Kshatriya
CA Inter
★ 1K+
4
187
Year consideration and gift
Direct Taxation
answered on 01-Jul-25 15:19
Sir, if the person is appointed in the year prior to the previous year, wouldn't the salary be 21,000 for 9 months and 22,000 for 3 months(20,000 for the first year, 21,000 for the second year, and 22,000 for the third year) because assessment year will be the year after the previous year and the previous year is after the year to which the employee was being appointed(for taxation purposes, the previous year will be from April of the second year till March of the third year). Am I correct sir? Also, Sir, we tax only gifts received on occasions other than marriage from the employer, so why did we tax gift voucher on marriage anniversary in this question?
latest answer
ok sir, thank you sir
Poojasree Shakthiraam
CA Inter
★ 25
2
173
Security valuation - TYK 11
AFM
answered on 08-Jun-25 09:22
Instead of using D1 for price calculation why they have used D0. Are they assuming D0 itself as D1.
latest answer
If you assume ROE 1 = PAT1 / BV 0 then what they have done is right They said that in line 1 If you assume ROE 0 = PAT 0/ BV 0 then we should follow what you are suggesting i.e compute d1
Smile A
CA Final
★ 3K+
1
186
CA Articleship
Others
answered on 09-Jun-25 11:33
I have registered for 3 year Articleship ends on Feb 05, 2026. I am planning to write Jan 2026 attempt. I took 7 months 210 days of study leave i.e from june 1, 2025 to dec 31, 2025. Did I meet the leave criteria and am I eligible to write Jan 2026 as per the recent announcement of CA final. What should be the excess period served
latest answer
You can write Jan 26. Excess leave will be computed when your articleship period ends.
Sree Harsha
CA Final
★ 0
1
239
SPOM
Exams
answered on 15-Jun-25 20:11
Sir I completed my articleship on 12-7-2024.But I am not register for CA final May 2024 exams.My CA final registration is not completed on that date.I completed my Advanced MCS and orentation before June 2025.Sir am I eligible for ca final exams in September 2025 without writing SPOM Set A and B ?
latest answer
Thank you sir
Syam T
CA Final
★ 0
2
221
Return on.......
Financial Management
answered on 08-Jun-25 10:46
Tell exactly what do we prefer for exam point Whether post or pre tax for return on (capital employed, total assets, equity) And what the formulae EBIT/ EBIT(1-TAX)/ PAT?
latest answer
For capital employed as denominator EBIT pre and post tax in numerator For Equity as denominator, PAT which anyway is post tax only in numerator
anju B
CA Inter
★ 21K+
3
162
Doctrine of privity exemption in case of assignment of contract
Corporate & Other Laws
answered on 08-Jun-25 14:31
When benefits under a contract has been given the assignee can enforce the contract but such assignment should not involve any personal skill What this line mean such assignment should not involve any personal skill
latest answer
The line means that a contract can be assigned only if it doesn't require the original party's personal skill or talent. If the contract involves unique abilities—like singing, painting, or consulting—it cannot be transferred to someone else.
Gurukanta Singh
CA Foundation
★ 19K+
1
213
Apportionment of joint cost
Costing
answered on 13-Jun-25 09:36
Sir, What is the difference between NRV at split off method and estimated NRV method . Can u also mention the formulas for finding NRV at split off and estimated NRV
latest answer
When sale value at split off point is available we compute NRV at spilit off point. Here NRV = Sale value at split off point - selling costs. When sale value at split off point is not available we compute estimated NRV. Here NRV = Final selling price - further processing cost -selling cost.
Dova Shaji
CA Inter
★ 520
1
189
CA Articleship
Others
answered on 07-Jun-25 10:51
As per attached image please guide me whether my current experience in deloitte usi as a audit assistant in the external auditing field for US Clients be eligible for bypassing 2 years of articleship. As I have already completed 2 Years here.
latest answer
No
ARUN SKANDHAN SETHURAMAN
CA Inter
★ 120
1
181