Forums
Reverse Charge Mechanism
Indirect Taxation
answered on 22-Nov-24 19:48
Why have we not included legal services availed since they are also covered under RCM?
latest answer
Since turnover during preceeding FY is less than the threshold limit for registration. RCM will not apply.
Sagar Kathuria
CA Final
★ 3K+
4
676
standard deduction
Indirect Taxation
answered on 22-Nov-24 19:45
I have a question regarding this illustration video, you have mentioned about standard deduction 16(ia)-50,000. Could you clarify where this figure comes from or in which video it was discussed earlier?
latest answer
It is standard deduction. Kindly watch entire videos.
Merlin Mathew
CA Inter
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1
274
Case law
Indirect Taxation
answered on 22-Nov-24 19:49
Sir, should we quote the name of the case law each time in such questions during exams. Are marks allocated for this?
latest answer
Yes. At CA Final level, case laws are important.
Aarthiy Muralidharan
CA Final
★ 4K+
1
586
Audit Programme
Auditing
answered on 18-Nov-24 20:20
From a broader perspective, how does the Audit Programme relate to the Audit Strategy and Audit Plan? Is it prepared before the Audit Strategy and Plan?
latest answer
First audit strategy, then plan. Program is a detailed set of instructions to be followed by the engagement teams. It will include who should perform, when, what procedure , coordination etc.
Vishnu Muraleedharan
CA Final
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1
642
Cost of Capital
Financial Management
answered on 18-Nov-24 22:02
Vishnu & Narayan LTD provide the following details. Cost of Equity = 12 % and Flotation Cost is 3.5 % Dividend per Share ₹3 Growth Rate 10 % Corporate Tax Rate 35 % Personal Tax Rate 20 % You are required to Calculate the Cost of Retained Earning.
latest answer
Yes Sir. Both answers are Correct.
Rana Darshan
CA Final
★ 810
5
489
Whether substantial capacity or not
Financial Reporting
answered on 17-Nov-24 20:57
In the illustration, 95% of capacity is considered as substantially all the asset. So what is the minimum percentage of capacity required to satisfy this condition?
latest answer
Generally 90%
Manu Jacob
CA Final
★ 6K+
1
490
January 25 exam
Direct Taxation
answered on 18-Nov-24 09:00
Sir can I write direct taxation exam in January 25 as per new book(October 24 edition)
latest answer
October 24 edition is applicable from May 2025 onwards. For Jan 25 exams you can use June 23 edition with statutory updates.
Ajaykumar Parit
CA Inter
★ 815
2
509
Third Balance Sheet
Financial Reporting
answered on 19-Nov-24 14:29
Sir, it is confusing to remember when to prepare the third balance sheet. Could you summarise in what situation does we require to prepare the third balance sheet
latest answer
Yes
Hrishikesh Pradhan
Qualified CA
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6
620
doubt relating to cost of retained earnings and cost of equity
Financial Management
answered on 18-Nov-24 09:25
sir, in this question, there are two ways in computing cost of equity so, are these both are correct?
latest answer
Depends on question - if they say current dividend then it is D0next year dividend is d1 If not clear then make an assumption & state it
Nagachaitanya Nomula
CA Final
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1
753
Illustration 8
Accountancy
answered on 18-Nov-24 16:42
In the exam Can we present values in Full?
latest answer
Yes.
Shivashankar Jawai
CA Inter
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1
543