Forums
Notes
Direct Taxation
answered on 09-May-24 07:23
From where can i download notes on income taxable under head salaries
latest answer
First part is the pdf itself
Josyula Reventh Venkata Raja Chandra Pavan
CA Final
★ 0
1
333
Employee benefits
Financial Reporting
answered on 09-May-24 16:23
Video No 36 Illustration 24. I can understand calculation of OCI. OCI amount is 165750 is debited to OCI. Which account I have to credit
latest answer
Plan assets & liabilities
swaminathan sundaram
CA Final
★ 110
1
361
List price into taken into account subsidiy amount?
Indirect Taxation
answered on 08-May-24 16:45
In this problem it is given list price taken into account the subsidy amount then why subsidy is again added to list price in case of subsidy from non gov and why gov subsidy not reduced from list price? Please confirm if what is done is correct in this video?
latest answer
Welcome.
Liz James
CA Inter
★ 2K+
7
394
Interest rate is per month not per annum.
AFM
answered on 03-May-25 20:47
Hi sir, while computing the cost of carrying we have to multiply the spot with interest rate for 3 months. In the question they have given interest rate as 15% PER MONTH. SO the formula for cost of carrying should be [ Spot*15% per month* 3 months]. But what you have taken is [spot*15%per month*3 months/12 months]. Why we have to divide it by 12, even though they have given the interest rate PER MONTH ?
latest answer
Yes
B. Dinesh
CA Final
★ 3K+
6
454
Ind AS 12
Financial Reporting
answered on 09-May-24 16:26
Hi sir , Is this topic of computation of DTA/DTL in case of compound financial instrument covered in the class videos
latest answer
IT will be added in Ind AS 109
k santosh reddy
CA Final
★ 0
1
408
Time of supply, date of payment in general case (not RCM) in case of services
Indirect Taxation
answered on 08-May-24 16:47
in this question date of the payment is date of credit in the bank a/c right as they have mentioned payment was made on the same day i.e 12/1? Then the ans also will be 12/1 right?
latest answer
Understood. Thank you
Liz James
CA Inter
★ 2K+
11
268
engagement letter drafting
Auditing
answered on 08-May-24 13:42
madam, but shouldnt the engagement letter be drafted by the auditor? and if there is some discrepancy isnt that the fault of the auditor??here in this question it is said that the engagement letter has been issued by mea limited .
latest answer
Appointment letter is issued by management, n engagement by auditor. In practicality it’s management who drafts. But before acceptance auditor should be sure about the content there in. Otherwise he will be guilty of professional misconduct
aravind lalji
CA Inter
★ 0
1
352
FA / FL - Loan - Amortised method
Financial Reporting
answered on 10-May-24 20:24
Please share an illustration relating to Loan(NOT INTEREST FREE) where solution has given for both the parties I.e. lender and borrower. So that we can understand from a broader perspective that how one instrument is recognised as FA for one party and FL for another party.
latest answer
FV is PV discounted at effective rate which is equal to TP.
Chandan Subudhi
CA Final
★ 12K+
9
484
LLP- Body Corporate ?
Indirect Taxation
answered on 12-May-24 11:02
Whether as per GST - LLP is an body corporate? As per LLP act LLP is an body corporate.
latest answer
Done.
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
3
434
Regarding ECO and Composition scheme
Indirect Taxation
answered on 08-May-24 16:16
If a restaurant is registered under composition scheme, they should not collect tax from recipient of services. If the same restaurant is supplying through ECO whether the provisions of 9(5) be applicable, where ECO is liable to pay GST ?
latest answer
ECO will be liable to pay GST.
sudarsan ramanathan
CA Inter
★ 3K+
2
465