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Maths & Stats
answered on 11-Jun-20 10:11
Sir, are the mcq explained in the chapters from the icai material or the indigolearn material?
latest answer
Yes sir I do practice. Thank you
lohita Prava
CA Final
★ 35
4
753
CMA inter
Others
answered on 12-Jun-20 11:40
Sir I have purchased individual modules of costing In that I have video of process and operation costing But its only showing videos of process costing and not operating costing video Could you please check sir!
latest answer
Please refer page 10.25 of ICAI study material it is hardly a couple of paragraphs. https://resource.cdn.icai.org/55908bosintermay20-p3-cp10.pdf There are no practical questions / illustrations on it. We shall ask faculty record the theory part for this small concept and add it to videos shortly.
Meenakshi R
CMA Final
★ 0
1
728
ITC
Indirect Taxation
answered on 02-Jul-20 19:10
"If no turnover during the tax period /values not available , values for last period may be used " for calculation of D1. How is it practically possible to calculate D1 when no exempt sale has taken and also why do we need to apportion when there is no exempt supplies
latest answer
Thax sir
Swathi Krishna
CA Final
★ 8K+
4
725
Itc
Indirect Taxation
answered on 12-Jun-20 15:24
In total credit we eliminate T1,T2(exempt supplies),T3 and we will get common credit Then we eliminate D1 credit attributable to exempt supplies Why are eliminate exempt supplies again in D1 ?
latest answer
If Input on X (Exempted)-T2=12000 and Turnover-200000 Input on Taxable-T4=140,000, Turnover=1000000 Input on Z=15000, Total =167000, Common credit =T-(T1+T2+T3+T4)=167000-12000-140000=15000 then D1=15000X200000/1000000=3000 reversed for 60 months. (3000/60)=50/- per month.
Swathi Krishna
CA Final
★ 8K+
5
1K+
Illustrations related to Residential status and scope of income
Direct Taxation
answered on 11-Jun-20 21:08
Q.no 14 (h) Suppose interest received in London of money lent to a resident in india in london, brought to india AND if the payor (resident)used borrowed money in india Will it be not taxable in all 3 case (ROR,NOR,NR)? Or Only taxable in ROR ?
latest answer
Thank you so much.
AKHIL KOSHY
CA Final
★ 7K+
4
1K+
Sa 530 analytical procedure
Auditing
answered on 11-Jun-20 10:13
How does the materially of the item being audited affect the reliability which the auditor places on analytical procedures ? Can u also give examples
latest answer
There is an inverse relationship between materiality and the level of audit risk. As the assessed risk increases, the amount of difference considered acceptable without investigation decreases in order to achieve the desired level of persuasive evidence. Analytical procedures are applied as risk assessment procedures. Planning of analytical procedures is influenced primarily by materiality. If an item is material, auditor may not completely rely on analytical procedures. Example Debtors having a large unusual outstanding balance. .
Swathi Krishna
CA Final
★ 8K+
1
745
Solution to illustration
Others
answered on 12-Jun-20 11:42
Where do we find solutions to illustration in the free resources notes of practical subjects CA inter
latest answer
For Income tax the illustrations will be shared shortly with paid course students. For other subjects the illustrations are solved in videos.
San Samm
CA Inter
★ 2K+
1
778
Examples given in Holder in due Course
Corporate & Other Laws
answered on 10-Jun-20 18:57
Sir, In the video, an example given by madam in Holder in due course is -a person fraudly signing the BOE for Endorsement, then the person who receiving that become A Holder in due course since it received in good faith. But in the very next video with an example -there clarified that he is not a holder in due course since that instrument at the very first was Fraudulently singed. So please clarify this to finish the doubt.
latest answer
Thank you very much sir,
Pranav Connecting...
CA Inter
★ 4K+
2
964
The general clause act
Corporate & Other Laws
answered on 11-Jun-20 11:53
What does section 6A mean ?
latest answer
If in an act "A" there is a reference (ex:- 2(81): Securities) to another act "B", then if such referred act (B) is amended by "removed" or "Substituted" or "changed" we will still refer to such amended act while reading it.(A)
Swathi Krishna
CA Final
★ 8K+
1
756
Financial statements
Accountancy
answered on 11-Jun-20 09:40
For equity and liability item list of share holder holding."................"share as on balance sheet date should be disclosed separately.pls give the meaning and say answer to this bit
latest answer
Details of shareholders holding more than 5% shares.
MARISETTI DURGA
CA Inter
★ 5K+
2
694