Forums
Engagement Letter
Auditing
answered on 10-Apr-25 07:31
Engagement Letter is given by auditor to the management of the company but in the current question the engagement letter is given by management to the auditor
latest answer
You are right. It’s engagement letter by auditor to the management. Here interpretation is they are agreeing the terms given in there .
Ravaneeth
CA Inter
★ 430
1
242
Clarification Regarding Eligibility for January 2026 CA Final Examination.
Exams
answered on 08-Apr-25 14:37
Sir, I cleared both groups of Intermediate examination by July 2023, completed advanced ICITSS & going to complete 2.5 years of articleship by 28th December 2025. Kindly confirm: 1. Am I eligible for the January 2026 CA Final 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗶𝗻𝗴 SPOM Sets A & B? 2. Can Sets A & B be completed 𝗮𝗳𝘁𝗲𝗿 𝗰𝗹𝗲𝗮𝗿𝗶𝗻𝗴 the Final exams but before application of membership?
latest answer
https://youtu.be/iJg8RKf56IA
SOWMYA N
CA Final
★ 130
3
410
OIDAR Service
Indirect Taxation
answered on 10-Apr-25 18:09
Access to e-book, music, movie permitted only online, but not allowed to download for transmission is covered under OIDAR service or not?
latest answer
Yes.
Pradeep Ravikumar
CA Final
★ 1K+
1
202
Charge
Corporate & Other Laws
answered on 18-Apr-25 12:56
Charge needs to be created on Adhoc overdraft too ?
latest answer
For Adhoc OD, generally Charge is not created. But if created, it must be registered.
Sushmita Chowdhury
CA Inter
★ 2K+
4
293
CA INTER FAST TRACK BATCH MAY 2025
Accountancy
answered on 09-Apr-25 17:08
01 Hrs : 11 min Sir, goods in transit no entry needed, But in this question we made a JE, can you explain it little more?
latest answer
We will pass entry since it has to be shown as inventory and payable in branch books. HO would have already recorded dispatch entry.
G K
CA Inter
★ 13K+
1
265
Tds tcs gst
Indirect Taxation
answered on 10-Apr-25 18:12
Why is answer invalid ?............
latest answer
If any service is covered in Section 9(5) then it is not covered under TCS since for the transactions covered in Section 9(5) ECO is liable to pay GST.
Sushmita Chowdhury
CA Inter
★ 2K+
1
190
Captail Budgeting
AFM
answered on 08-Apr-25 13:57
One problem I am not able to solve in capital budgeting. Is it printing mistake or I am making mistake in calculation I am not clear. Row marked in yellow I am not able to match the equation
latest answer
Numbers appear correct. What are your workings pls share them
swaminathan sundaram
CA Final
★ 110
1
175
Investment Property
Financial Reporting
answered on 25-Jul-25 11:56
If the building has 10 floors, in that first 5 floor is rented (operating lease) to its subsidiary company for business purpose and next 5 floor is occupied for its own business. Now, how we will classify first 5 floor rented to subsidiary company. Whether we will classify as Investment property or PPE.
latest answer
You also need to check sub lease accounting as per Ind AS 116.
Nivethithaa S
CA Final
★ 2K+
4
198
Eway bill
Indirect Taxation
answered on 10-Apr-25 18:12
Is that only registered person can generate Eway bill ?
latest answer
Even unregistered person can generate ewaybill by enrolling on the ewaybill portal.
Sushmita Chowdhury
CA Inter
★ 2K+
3
218
Contingency Period - consolidated period
Financial Reporting
answered on 08-Apr-25 09:55
Sir, consolidated profit in Q2 why should not we consider it as end of contingency Period & include it as part of diliutive EPS
latest answer
Its fine. We are here to resolve your doubts.
priyadharshini priya
CA Final
★ 2K+
2
174