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International fm
SFM
asked 49 mins ago
In this computation of interest subsidy, shouldn't we account for tax benefit lost due to less interest paid, i.e. instead of 3 lakhs of subsidy 3(1-0.35) ?
latest answer
No answers yet!!
Lalit Sanpal
CA Final
★ 6K+
0
5
Bailment
Corporate & Other Laws
answered 17 mins ago
Bailor has given goods to bailee for a period of 10 days. Bailor has taken the goods back after 2 months. The bailee has actually incurred Rs.10,000 for safe custody of goods but demands for Rs.12500. Here the bailor will be liable to pay only Rs.10,000 right?
latest answer
Yes
CYNOPHILE S
CA Inter
★ 290
1
4
Redemption of preference shares
Accountancy
answered 34 mins ago
Please tell whether option(a) or (b) .which is correct and why?
latest answer
One correction CRR to be created is 6000
Madhava Krishnan
CA Inter
★ 4K+
7
32
Adv ITT Class
Others
asked 2 hrs ago
Sir, Recently I , Joined Adv ITT Class but due to Some reasons it got cancelled, instead of Giving Refund they given token number which can be used another time when we book Adv ITT Can Anybody Say the Validity period for the Token Number
latest answer
No answers yet!!
Surya Prakash
CA Final
★ 13K+
0
15
It return
Direct Taxation
answered 4 hrs ago
Last year we have filed under new regime for an individual you has income from business. However this year they feel that old regime is beneficial,so is there any process behind to convert or we can just change at the time of filing the return. Form 10-ie will it be cancelled automatically?
latest answer
For Individuals Form 10 IE is for each assessment year. So if old regime is chosen, no need to file the form.
Gayathri Nambiar
CA Inter
★ 2K+
1
20
Exemption related doubt
Others
answered 3 hrs ago
The exemption rules say that if a student fails in one/more paper but secures 60 marks in a group will be given exemption. My question is, what if a student pass in 3 subjects of a group with 40 marks and gets 60 marks in one paper like in the above example: Accounts- 60 Law - 40 Costing - 40 Tax - 40 Total -- 180(fail) In this example, he/she didn't fail even in single paper. Will ICAI give exemption to accounts or not? (As in the rule, they gave only the word paper/papers but not group)
latest answer
It must implied that failing in a paper/ group is same in this regulation.
Naresh Sundar
CA Inter
★ 2K+
6
47
Ind AS 109
Financial Reporting
answered 4 hrs ago
In Financial assets example, Deposit given for returnable container is said to be financial asset. What if deposit is withold by supplier when we failed to return container or container got damaged, theft etc?
latest answer
The asset will be derecognized and expensed to P&L
Himanshu Somani
CA Final
★ 67K+
1
19
Admit card
Exams
answered 3 hrs ago
Can we appear in ca foundation exams on provisional basis and do we get our admit card if we have not uploaded original 12th marksheet.
latest answer
Okay. Then no issue
SUBODH M JAIN
CA Foundation
★ 2K+
4
28
PAST EXAMS, RTPs & MTPs
Exams
answered 19 hrs ago
For May 2024 exams, if I referring from Jan 2021 past exam qus, rtps & mtps would be sufficient.
latest answer
Okay Sir. Thank you
CYNOPHILE S
CA Inter
★ 290
2
47
Contract of Guarantee
Corporate & Other Laws
answered 4 hrs ago
C contracts with B to build a ship the payment of which is to be made in instalments at various stages of completion. A guarantee's C's performance. B prepays the last two instalments. A is discharged of his liability. A is discharged by this prepayment. Can someone explain this example. How it discharges the surety?
latest answer
Change in conditions
CYNOPHILE S
CA Inter
★ 290
2
36
