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Total income
Direct Taxation
answered on 10-Jun-20 18:26
Mr.Robert has computed his total income at rupees 655000 and calculates the tax payable as rupees 61000.But he has not taken into account of agricultural income of rupees40000 earned during the year.what according to you is the correct tax payable for the assessment year of 2020-2021?
latest answer
Please can u be more specific about the question that you are referring?
MARISETTI DURGA
CA Inter
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1
810
Sa 530 audit sampling
Auditing
answered on 11-Jun-20 09:27
How is expected rate of deviation useful ,when put tolerable rate of deviation ,at the time of selection of sample size ?
latest answer
The upper deviation rate is the sum of the sample deviation rate and an appropriate allowance for sampling risk. For example, if the auditor discovered two deviations in a sample of 50, the deviation rate in the sample would be 4% (2 ÷50). upper deviation rate = 4%+sampling risk. The auditor compares the tolerable deviation rate to the computed upper deviation rate. If the computed upper deviation rate is less than the tolerable deviation rate, the auditor can conclude that the controls can be relied upon�If the computed upper deviation rate exceeds the tolerable deviation rate, the auditor must conclude that the controls are not operating at an acceptable level.
Swathi Krishna
CA Final
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3
9K+
Deposits from directors
Corporate & Other Laws
answered on 11-Jun-20 11:46
If a private company cannot collect deposits from a director according to Acceptance of Deposits of Companies Rule, 2014 unless the director uses 3rd party's funds And there are no declarations , how can a company accept deposits with no limit as long as a declaration signed by the director is given(Rule 3)?
latest answer
Money from directors or relatives of directors does not come under definitions of deposits for the purpose of Sec 73, thus rule 3 does not affect monies received by the director. But, the condition for such exclusion is also given in sec 2(31) that defines deposits.
Sowmiya Paranan
CA Inter
★ 0
1
675
Postphone
Others
answered on 10-Jun-20 09:02
Sir if it is exam cancel in july wht abt courses extension ?we pay fr upto august
latest answer
If exams are postponed, you will have to extend courses again
Nivetharaman Raman
CA Foundation
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1
890
Nov 20
Auditing
answered on 18-Jun-20 17:04
Caro 16 is applicable fr Nov 20
latest answer
If you mean be prepared for Nov 2020 exams, then its a yes
Nivetharaman Raman
CA Foundation
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4
766
Dividend
Corporate & Other Laws
answered on 09-Jun-20 19:03
Dividend (other than interim dividend) is declared by whom? Board or members?
latest answer
There are two kinds of dividends. Final Dividend - Declared at AGM - This is proposed by board and approved by shareholders Interim dividend - Other than Final - Declared by Board. Later ratified by shareholders.
vinay ajith
CA Final
★ 10
1
810
Is there any postponement of exams
Others
answered on 09-Jun-20 19:03
Will Icai conduct exams 100% in July only.?
latest answer
For now we have to go with July date. A lot will depend on how things unfold in the next two months.
anju B
CA Inter
★ 21K+
1
780
Sa 530 sampling
Auditing
answered on 09-Jun-20 18:59
Is targeted testing same as value weighted sampling If not,what is the difference between them ?
latest answer
Thax
Swathi Krishna
CA Final
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2
735
SA 530 audit sampling
Auditing
answered on 10-Jun-20 11:49
When tolerable rate of deviation/mistatements increases then the sample size decreases and vice versa How is this possible ? Can u explain with some examples
latest answer
Thax
Swathi Krishna
CA Final
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5
2K+
Mock tests
Exams
answered on 09-Jun-20 12:29
Is the last date for mock exams July 7 for November 2020 students also? Because I haven't completed group 1 yet.
latest answer
As of now there are MCQs that can be attempted after every chapter. There are no written mock tests after every chapter
Gnanakshi Dandapani
CA Final
★ 13K+
3
757