Forums
Indian Citizen / Person of Indian Origin - Coming on Visit
Direct Taxation
answered on 11-Mar-24 12:16
Hi sir, hope you're well. If an Indian citizen / person of Indian origin visits India during the PY, respective exception condition(s) will be followed. My doubt is, if such person comes to India for the purpose of non-permanent short-term employment, would they fall under exceptional category as well? Thanks
latest answer
Law is silent about short term employment. They have just mentioned the word "Visit". Accordingly, exception point would apply.
Devaprasad Jothimani
CA Inter
★ 0
1
450
Basic concepts
Direct Taxation
answered on 18-Mar-24 18:49
Is Xyz LLP is a partnership firm or AOP?
latest answer
Firm includes LLP under Income Tax Act.
1 Minute Review
CA Inter
★ 405
6
537
MARGINAL COSTING
Costing
answered on 11-Mar-24 19:29
The Ratio of Variable Cost to Sales is 60%. The Break Even Point occurs at 80% of the Capacity Sales. 1. Find the Capacity Sales when fixed cost are Rs.1,60,000. 2. Compute Profit at 80% of the Capacity Sales. 3. Find Profit if Sales is Rs.5,70,000 and Fixed Cost remain same as above. 4. Find Sales if desired Profit is Rs.44,000, and Fixed Cost is Rs.1,42,000
latest answer
Please do not post only questions. Also share your workings highlighting your doubts
Ameena Yasmine PA
CA Inter
★ 3K+
3
629
Auditor's Approach in IT ENVIROINMENT
Auditing
asked on 11-Mar-24 06:32
I couldn't understand what is qualiative characteristics of the data
latest answer
No answers yet!!
Satha Sivam
CA Final
★ 7K+
0
286
Illustration 6 (4m 25s)
Financial Management
answered on 21-Mar-24 16:44
Dear sir, in the given question 1%of bad debts is incurred when we adopt the policy proposed by slowpayers to us. When computing benefit, if we are assuming that the policy is not taken, then why are we considering bad debts? The previous questions were such that comparing of existing and new policy where bad debts for existing policy is separately given.
latest answer
Thank you sir,🙏🏻 cleared
Srinidhi
CA Inter
★ 270
4
236
Illustration 5 - 8m 56s
Financial Management
answered on 15-Mar-24 19:29
Dear sir, in the given question since the ROI is 25% after tax , we directly apply it on the value of investment on debtor (8m 56s). But, how to solve when the ROI is given as before tax? Are there any changes in the % to be applied in such case?
latest answer
Thank you sir.
Srinidhi
CA Inter
★ 270
2
234
Query in sale of land
Accountancy
answered on 11-Mar-24 12:31
Sir, it's actually on 1/4/01 amount of 480000 mentioned in question but u have mentioned as 440000 where is difference coming around 120000 but u have mentioned in book as 160000 Whether any other adjustments I have to be noted
latest answer
We made changes regarding that and uploaded in free resources
nive krish
CA Inter
★ 255
1
431
material
Corporate & Other Laws
answered on 10-Mar-24 21:53
Hai i am a CA foundation student , i am following video lectures and ICAI modules , can you please tell me any best study material to study for my exams - mainly for BUSINESS LAW other than rtp , mtp and past year question please give me any material suggestion to study theory mainly for LAW
latest answer
You can use Indigo learns material its good
Vignesh s
CA Inter
★ 3K+
1
421
Residential status of individual
Direct Taxation
answered on 11-Mar-24 12:46
What's the answer for this MCQ!
latest answer
Thank youu so much!
Manish Shetty
CA Inter
★ 3K+
3
498
Ind AS 116- Illustration 50
Financial Reporting
answered on 11-Mar-24 10:26
Sir in this question when we are calculating revised present value of lease payments on Lease Modification, we should check classification of lease at inception of lease, so wouldn't we calculate PV for all 3 years and also use fixed lease payments as 1,90,000?
latest answer
What it means is that such modification date should be considered as inception and we should check if it would have been classified differently.
Sruthi Bellamkonda
CA Final
★ 70
1
258