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0

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

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

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

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

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

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

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

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

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

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

CYNOPHILE S

CA Inter

290

2

36

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