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Agreements

Auditing

answered on 23-Jan-24 18:10

Mam, It is required to take agreement only in case of taking Assistance from Internal Auditor It is not required to enter when we use Internal auditor reports isn't it?

latest answer

Yes. only when there is direct assistance required, we need agreement.

Surya Prakash

Surya Prakash

CA Final

19K+

1

314

Treatment of Borrowing Costs in case of expenditure made on credit

Financial Reporting

answered on 23-Jan-24 11:40

Sir, in the lecture it was explained that if any expenditure has been made on credit, then such expenditure won't be considered to calculate the interest capitalized amount, unless it has been settled by payment of cash, or transfer of assets, or by incurring any other interest-bearing liability. If we consider the last case scenario where the expenditure has been settled by incurring another interest-bearing loan, then will the interest on such secondary loan also be capitalized in the cost of the asset?

latest answer

Yes.

Vignesh Panigrahi

Vignesh Panigrahi

CA Final

1K+

1

185

Conversation

Others

answered on 21-Jan-24 14:43

I have converted into new scheme on 10 th and icai approved it on 11 th still i am not getting any coupon to order books.i raised ticket and sent mail to cdsonline@icai.in. Almost 10 days have been completed from approval.but still i dint get it

latest answer

Try contacting them once again

Ujwal Reddy

Ujwal Reddy

CA Inter

7K+

1

477

Accounting Process

Accountancy

answered on 26-Jan-24 16:31

TRUE OR FALSE Is ledger an account? False, explanation: Ledger is not an account. It's a book (i.e) secondary book of accounting where accounts are recorded? IS THIS CORRECT??

latest answer

When we say ledger its a book. However, its an outdated concept because most accounts are maintained online.

Nidhi S

Nidhi S

CA Inter

4K+

4

395

Notes

Auditing

answered on 27-Jul-25 21:35

Where can I get the new notes?

latest answer

You have SA notes inside respective chapters

Anjana Ashok

Anjana Ashok

CA Inter

1K+

5

355

Conversion old new

Others

answered on 21-Jan-24 10:28

Sir this what my profile shows please tell me do i need to convert again ? Cause i regd for nov 23 Can i fill exam form of may 24 ?

latest answer

Thank you

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

3

417

Conversion

Others

answered on 03-Feb-24 11:40

Sir , while converting to new scheme, I have mistakenly uploaded my consolidated graduation marksheet as previous course marksheet. Will I need to upload my group 1 marksheet? Is there any options to correct it?

latest answer

Ok sir

ARTHI VELLIANGIRI

ARTHI VELLIANGIRI

CA Inter

2K+

2

429

194A - non applicability of TDS

Direct Taxation

answered on 22-Jan-24 07:43

Dear sir, if a corporate gives a loan to another corporate or gives to certain KMP on that loan interest payable by corporate or KMP TDS provision will apply ? Is there any limit for Corporates like individual or HUF

latest answer

If Individual who is paying interest and his turnover during preceding FY exceeds 1 crore/ 50 lakhs then TDS under Section 194A has to be done on the interest. We have discussed the same in detail in the videos.

Prasath shanmugam

Prasath shanmugam

CA Inter

3K+

1

200

Conversion to new scheme

Others

answered on 23-Jan-24 11:28

I passed CA inter grp1in nov23, and I submitted details of group 1 details in conversion form of ipcc

latest answer

You need to wait for a week before raising a ticket.

Kurva Mahender

Kurva Mahender

CA Foundation

5K+

6

397

Capital gain

Direct Taxation

answered on 22-Jan-24 08:06

Please explain the provision of upto 19-20 Purchase of goodwill in profession is not taxable before, is there amenendment now, it is taxable now ?

latest answer

Thank you

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

2

330