Forums
Applicability
Direct Taxation
answered on 21-Jan-21 12:58
Finance Act 2020 would be applicable for Nov 21 does that mean the changes in the recent budget of feb 21 will not be applicable? Then what amendments would be made in the subject?
latest answer
-> Finance Act 2020 will be applicable for May 21 and Nov 21 exams. -> This years upcoming budget will be applicable for 2022 exams. It applies on 1 year gap basis. -> So, if you are preparing for Nov-21 exams with May-21 materials, then later on do amendments made between 01.11..2020 to 30.04.2021. (circulars and notifications issued by CBDT/CG) -> Amendments made upto 6 months before the relevant term are applicable for exams. For May term: Upto Oct of last year. For Nov term: upto Apr of same year.
Priyanka Udeshi
CFA L1
★ 14K+
1
741
CFS
Accountancy
answered on 21-Jan-21 13:44
What are level 1 2 and 3 companies
latest answer
Enterprises are classified in different levels and labelled as level I, level II, level III companies. On the basis of this classification, accounting standards are applicable to the companies
Priyanka Udeshi
CFA L1
★ 14K+
2
726
Regarding roll number
Exams
answered on 23-Jan-21 09:11
How to write my roll number in words in answer sheet? Eg .123456..Shall I write one two three four five six or one lakh twenty three thousand four hundred and fifty six?
latest answer
{ One two three four five six } This is correct for absolute sure
Indhumathi M S
CA Final
★ 7K+
6
797
Supply
Indirect Taxation
answered on 20-Jan-21 22:43
Sir see note point Chart relates to gift by employer to employee not interns of employment Does it mean if gift is given by er to ee in the employment not subjected to gst?
latest answer
Gifts by an employer to an employee, not exceeding 50,000rs in value in a financial year shall not be treated as supply of goods or services. If it exceeds 50,000 rs GST is payable by employer (supplier)
Banda Veeresh
CA Inter
★ 35K+
1
730
Direct Entry Eligibility
Others
answered on 21-Jan-21 08:23
How the CGPA to Percentage conversion is done for calculating the min. 55%/60% for direct entry in CA Intermediate? Is there a standard conversion process or ICAI follows a certain method?
latest answer
Generally multiplied by 9.5 if CGPA is out of 10.
Deepak Gupta
CA Inter
★ 1K+
1
993
Financial Statements of Companies
Accountancy
answered on 21-Jan-21 09:32
where to disclose "Preliminary Expense" if given in 1) Trail balance 2) P&L account ?
latest answer
Preliminary expenses are not shown in balance sheet. They are written off.
Sai Krishna
CA Final
★ 9K+
2
760
Query related to items bring for examination
Exams
answered on 20-Jan-21 22:50
Do we need to bring mask and hand sanitiser in this exams too as nov exams or not required?
latest answer
We have to wear mask and use sanitizer's
Venkatesh .
CA Inter
★ 4K+
1
743
Mcq
Exams
answered on 21-Jan-21 14:21
How to get mcq
latest answer
You can refer to specific subject in CA INter by changing profile. We will be adding MCQ for CMA soon
Muhammed Riyas
CMA Inter
★ 2K+
3
737
I'm registered for both groups, can I only attempt one?
Exams
answered on 20-Jan-21 17:32
I have come to the decision that I am not adequately prepared for group and hence won't be writing it, is there any way to cancel my group 2 attempt only?
latest answer
U can't cancel group 2 now... You can skip group 2 exams...
Kishore Anil
CFA L1
★ 2K+
5
1K+
Calculation of new profit sharing ratio
Accountancy
answered on 20-Jan-21 17:41
How to calculate the new profit sharing ratio for the below problem
latest answer
Thanks for your suggestion bro
Meda Jeevansai
CA Final
★ 21K+
8
798