Forums
Maximum time limit of Input tax credit
Indirect Taxation
answered on 11-Nov-20 16:36
Sir, Maximum time limit Is following year of september month or actual filing date of annual return whichever is lower know sir 18 (2) says time limit for ITC 1year from date of invoice.. Which time we have to take sir ?
latest answer
Section 18(2) is applicable only for section 18(1) cases only
M Naresh
CA Final
★ 3K+
1
753
Writing in margin
Exams
answered on 11-Nov-20 15:48
If we are going to prepare the accounts horizontally in answer sheet are we allowed to give. Heading of ac in margin
latest answer
Yes. But better to draw another line next to margin.
Ram Shete
CA Inter
★ 2K+
1
699
Is the answer is A
Maths & Stats
answered on 12-Nov-20 12:17
How
latest answer
See attached.
Roshan Zameer
ACCA Professional
★ 24K+
1
651
Time Value Of Money
Financial Management
answered on 11-Nov-20 14:23
In the series of cash flows, I'm not being able to differentiate after reading the question if I should use the PV formula or the FV formula. Not being able to interpret it well. Pls advise. Thank you.
latest answer
Pls share a couple of Q where you are facing this issue & we shall help you out
Kaveesh Sethi
CA Inter
★ 2K+
1
639
Aggregate turnover vs Turnover in state.
Indirect Taxation
answered on 12-Nov-20 14:51
I'm not able to get that thin line of differences between aggregate turnover and turnover in state, if there is any. Could someone please differentiate.
latest answer
Ok sir. Thank you.
boddireddy bhargavi
CA Inter
★ 740
5
1K+
In Amalgamation, can Goodwill and Capotal Reserve be Netted off?
Accountancy
answered on 11-Nov-20 17:08
If two companies were amalgamated to form a new company and the amalgamation was in the nature of purchase and the result of purchasing one company was goodwill and that of another was Capital Reserve. So, as per AS 14, can these resultant goodwill and Capital Reserve be netted off in the transferee's books? like this author has done in the image below
latest answer
Thank you
Kumarjit Dey
CA Inter
★ 4K+
3
1K+
An imp Question from Internal Reconstruction
Accountancy
answered on 11-Nov-20 13:04
Can you please explain why they calculated Profit on revaluation this way? ( 1st pic) (Q in 2nd pic) I have also solved in a way it felt correct. Please tell me why my calculation is wrong. This is one of the most important sums from this easy chapter, from which If questions come I dont want to lose marks.
latest answer
Yes..tq for ur understanding
Kumarjit Dey
CA Inter
★ 4K+
7
886
Indigolearn
Others
answered on 12-Nov-20 01:17
Is indigolearn a part of indigo company? And how is finapp and 1finn related
latest answer
Oh alright
Deepak Pandey
CA Inter
★ 7K+
2
878
BCR- Basis of Writing
Others
answered on 11-Nov-20 18:30
Sir I have 2 doubts 1.On this type of discourse , From whose's point of view should we write - first person ,second person, third person? 2.How lengthy should this be?
latest answer
Yes Mam
lohita Prava
CA Final
★ 35
4
854
Will auditor report disclaimer of opinion or adverse report in this case?
Auditing
answered on 11-Nov-20 22:01
The case: Auditor asks for Banker's Certificate from management. Management provides a Written Representation Letter. Auditor, obviously not being satisfied (as it is not SAAE), he decides to perform further procedure. He approaches the bank to collect the certificate copy. Bank doesn't respond despite auditor sending the communication multiple times. How does he modify his report as prt SA 705 in the above case?
latest answer
Okay. Thank you
Kumarjit Dey
CA Inter
★ 4K+
4
625