Forums
Key Man Insurance Policy
Direct Taxation
answered on 20-Jun-20 10:17
Amount received by an resident individual under key man insurance policy. How the taxablilty incure ? Its Excempt u/s 10(10D) . I was seen this as business income in the previous RTP Nov 2019 (Q no : 10 )
latest answer
As i said you earlier, it was not covered under 10(10D) hence liable to tax,please see attachment for more clarity.
Tinoj Joseph
CA Inter
★ 430
3
755
Direct Entry Scheme
Exams
answered on 19-Jun-20 19:26
Sir how will the attempts be counted for Direct Entry Scheme Students for those who wish to write group 1 in Jul 2020 and group 2 in May 2021?
latest answer
Okay Thank You Sir
jasmine korripalli
CA Inter
★ 9K+
5
890
Expiry of course
Others
answered on 19-Jun-20 18:08
What is the procedure to renew the course which has been bought earlier ...
latest answer
Individual modules cannot be extended. For extension of full course, you will see an option under my courses.
Nanthini Shanmugam
CA Final
★ 2K+
1
769
Partnership
Accountancy
answered on 20-Jun-20 08:55
In partners capital account what is debting and crediting once explain about it
latest answer
Credit capital accounts with profit share, interest on capital and salaries (if not paid) and debit withdrawals
Jashwanth S
CMA Inter
★ 2K+
3
775
Introduction
Accountancy
answered on 19-Jun-20 16:08
What is difference between closimg stock and inventories
latest answer
In strict sense the words Inventory and stock mean the same. Closing stock means amount of unsold stock left in business as on a date / period end date. Just the word Inventory does not connote a meaning - it could be either opening or closing However, when you see just the word inventory in a balance sheet - it means closing inventory
Prasanth Kumar
CA Inter
★ 13K+
1
628
July inter exams
Others
answered on 19-Jun-20 06:51
Hi sir Steps to change the centre
latest answer
Log in to icaiexam.icai.org
Dharshana Rajkumar
CA Inter
★ 2K+
1
728
Goods sent on approval basis
Accountancy
answered on 30-Jan-21 15:42
Goods sent on approval basis video no.6 sir took a example in that 15june goods from customer accepted and sent approval on that he recorded that transaction my doubt is already we recorded whole goods sent on approval again why should we enter it's is already entered in past transaction
latest answer
But its a ledger Why the format is like journal??
Jashwanth S
CMA Inter
★ 2K+
4
864
Tax depreciation
Accountancy
answered on 18-Jun-20 15:58
Sir.. What is meant by tax depreciation?
latest answer
The depreciation rates are different under Income tax act and Companies Act. Tax Depreciation means, depreciation as computed under Income tax rules.
Shalini Shalu
CMA Inter
★ 300
1
680
Dilemma to Appear in July or nov
Exams
answered on 19-Jun-20 17:23
Sir, I'm already in contaminated zone(Kodambakkam, westmambalam chennai) which was already completely sealed. Now I'm in dilemma to appear exam in July or shall I choose opt out or shall I wait till July 1st week declaration
latest answer
Thanku so much sir.
Uma j
CA Inter
★ 2K+
8
809
Exemption Carry Forward
Exams
answered on 18-Jun-20 14:01
Hello sir. My friend has secured an exemption in one paper in group 2 in the last attempt. Now she has applied for group 1 only in this attempt. Now will if she appears for group 1, will it exhaust one out of the 3 attempts for which the exemption shall be carried forward. Plz answer this query sir.
latest answer
Yes
Thanush Aadithya Sakthivel
CA Inter
★ 520
1
690