Forums
Regarding exemption
Exams
answered on 02-Feb-24 10:36
Sir I cleared group 1 nov 2022. And got exemption in advanced accounting in May 2023. Now as per new scheme, I need to write auditing and FM &SM . What if I get exemption in FM&SM in May 2024 , then, I need to write auditing only , by scoring 40 marks?
latest answer
Ok sir
Sri Malni
CA Inter
★ 3K+
9
640
Income from house property
Direct Taxation
answered on 17-Jan-24 17:05
Here in this question the flat was used only for 7 months then how it is taken as Self occupied property.If it is used for 9 months only SOP will come right ?
latest answer
It is self occupied property. 7 months is given only for information purposes but they never mentioned balance period is let out.
Lavi Lavanya
CA Inter
★ 6K+
6
491
QUERY
Financial Management
answered on 17-Jan-24 06:41
SIR FINANCING,INVESTMENT , DIVIDEND DECISION CHAPTERS:- CAN I USE SHORT FORM IN EXAMNATION LIKE :- PVAF, PVIF, NEW-N, OLD-O, ICO, (CUMULATIVE CASH INFLOW:-CUMUL CIN,) EVERY TIME NOT ABLE TO WRITE FULL FORM , HOW I WILL PRESENT THE ANSWER?
latest answer
Suggest use full forms in exam Some evaluators may not like such kind of short form presentation
Mallanagowda S
CA Inter
★ 260
1
222
audit of bank
Auditing
answered on 23-Jan-24 18:09
there is no video relating to that title ( audit of bank )
latest answer
It will be uploaded
Anbumozhi Athavan
CA Inter
★ 0
1
229
Surcharge rate application
Direct Taxation
answered on 17-Jan-24 17:14
If total income exceeds 2 Cr ,the split off say Dividend income, 112/112A/111A income -1.9 Cr Other income - 40L How is surcharge applied? Similarly the case total income exceeding 5 Cr, Dividend income, 112/112A/111A income - 4.75 Cr Other income - 45L
latest answer
If total income excluding 112/112A/111A and dividend exceeds 2 Cr then only 25% or 37% would apply.
Poornima Karthik
CA Inter
★ 0
2
562
Residence and scope of total income
Direct Taxation
answered on 17-Jan-24 17:09
il-12 shall we consider x as a indian citizen or indian orgin ? what condition you should apply for this question basic condition or sepcial condition
latest answer
If question is silent we do not assume that the person is Indian Citizen or person of Indian Origin. Indian citizen means person who holds Indian Citizenship. Indian origin means he or any of his parents or any of his grand parents are born in Undivided India.
Rajasekaran R D
CA Inter
★ 1K+
3
581
Ill 5
Financial Reporting
answered on 16-Jan-24 12:41
isn't this a scheme which applies to the sector as a whole for all entities engaging in capital goods that fulfil these conditions. In that case, why do we treat is as govt grant - isn't it an exclusion from Ind AS 20?
latest answer
Its not for all. EPCG is not applicable to all.
Dhvaritha Ravishankar
CA Final
★ 7K+
1
228
mistake
Costing
asked on 16-Jan-24 09:59
in the illustration 3 solution bit c the profit after we deduct oveabsorption the cost of goods sold adjusted is 156000 and then we reduce selling and distribution overhead of 64000 and 60000 total 124000 how come then 156000-124000 become 40000 it should be 32000
latest answer
No answers yet!!
Angry Toshniwal
CA Final
★ 505
0
255
Fema
Corporate & Other Laws
answered on 27-Jan-24 08:18
Could you plz provide pdf notes for FEMA
latest answer
We will provide them soon.
Jayamalini Baskaran
CA Inter
★ 520
1
271
Tax Calculation & Others
Indirect Taxation
answered on 17-Jan-24 16:47
In the cases where transactions are considered as “Supply” even when they are made without consideration. [Sec-7(1)(c)] On which amount GST is calculated ? Do they take market value ? And The example you have given, where you donate your cellphone (on which you have claimed ITC) to charitable institution - It is considered supply & you have to pay tax on that. How can GST department know you donated your cell phone to them? You can just not report & avoid paying OUTPUT tax, what is stopping you from doing that ?
latest answer
Thank you very much for the clarification, Sir.
Annapureddy Veera Mohan Reddy
CA Final
★ 6K+
3
521