Forums
Time of supply
Indirect Taxation
answered on 19-Feb-24 15:36
why sir we are not taken 12. jan we are takingg 18 jan because 12 th jan is come earlier ?
latest answer
Check again. Refer the provisions of the Section 12 and then decide. In case of goods, TOS is date of invoice. Actual DOI or last date when invoice is ought to have been issued under Section 31 whichever is earlier.
Rajasekaran R D
CA Inter
★ 1K+
1
440
IFHP/Total income
Direct Taxation
answered on 19-Feb-24 15:55
If rental income from let out property is given then we have to deduct, 30% std. Deduction or it's already been deducted???
latest answer
If rental income is given then we need to deduct standard deduction @30% as per Section 24(a).
Nikhil Tiwari
CA Final
★ 16K+
2
354
RENTING OF MOTOR VEHICLE FOR CARRY PASSENGERS
Indirect Taxation
answered on 23-Feb-24 13:04
Can such service provider opt to pay FCM @5% or 12%.
latest answer
Yes right.
07- Issac Jolly-XII C
CA Inter
★ 16K+
3
315
Amendment's
Indirect Taxation
answered on 19-Feb-24 11:33
Shiva teja sir... Could you please make a video comprises of all amendments applicable for may 24 exam or give a pdf consist of all.... Or anyone help me out?
latest answer
thanks Sir
07- Issac Jolly-XII C
CA Inter
★ 16K+
6
385
Doubt
Financial Management
answered on 19-Feb-24 12:43
I don’t understand why interest is for 3months ..haven’t we already divided the amount of trade receivables by 4 to get 3L?if we divide again isn’t it double effect ?
latest answer
Because the cycle is only 3 months the interest is also correspondingly reduced.. Alternatively compute the interest for full year and divide that value by 4(since it is payable for 3 months) you will arrive at the same value
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
221
Risk Assessment and Internal Control
Auditing
answered on 22-Feb-24 10:05
could you please explain the risk at Financial statement level and assertion level in simpler terms with an example?
latest answer
Financial statement level means a misstatement that has pervasive effect on the overall financial statements. For eg: inappropriate assumption of going concern. this will make the overall financial statements wrong. accounting policies chosen are inappropriate. this will have impact on many assertions together. Assertion level is where a misstatement is affecting only a particular transaction or account balance. On Purchases, if controls are not good, there is a risk that purchases could be misstated.
Roobashree Rajagopal
CA Inter
★ 1K+
1
344
Composition levy scheme
Direct Taxation
answered on 19-Feb-24 15:52
If the person in fy is a composition levy scheme tax payer but in fy itself that persons turnover limit exceeds.... Then what are the after effects!!
latest answer
Once he exceeds the limit, he should pay normal tax rate and issue tax invoices. Further, he can claim ITC on the stock.
07- Issac Jolly-XII C
CA Inter
★ 16K+
4
330
MCQ
Financial Management
answered on 20-Feb-24 07:31
when will you update MCQ's for new course especially for financial management.
latest answer
Thankyou sir
Elavarasi B
CA Inter
★ 46K+
3
354
Permanent exemption
Exams
answered on 20-Feb-24 07:32
I cleared my grp-1 in Nov 22 and got exemption in Ad-a/c in may 23. In may 24 i registered for unit 2D what is my passing criteria. Can i opt for permanent exemption. There is any time limit for opting permanent exemption.
latest answer
Thankyou sir
Elavarasi B
CA Inter
★ 46K+
2
449
What is added new
Auditing
answered on 22-Feb-24 10:11
When i bought it was 71 hrs now it is 76 may i know what is newly added
latest answer
All the additional content apart from Standards . you can check notes and study material too. Like Types of Assurance engagements , qualities of auditor etc. In the beginning i have given overview of the chapter, all the content is available in the additional uploaded hours.
Dharan Kumar
CA Inter
★ 200
1
220