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International financial management

AFM

answered on 29-Jan-22 15:10

Can u explain where these 1.188 and 1.090 is coming from and how do u calculate cube root on calculator? Sfm module Tyk Q.5 xyz ltd

latest answer

1.Type 'value' which need to be calculated 2. Press square root button 15 times 3. Minus 1 4. Divide by 'x'. X is nth root. Eg: 2 incase of square root, 3 incase of cube root, etc. 5. Add 1 6. Press 'multiply & equal' i.e., 'X =' for 15 times. Finally u will get ur answer. Note: Don't press or use equal button anywhere from step 1 to 5

saumya A

CA Final

★ 30

381

income tax approck to exam ca inter dec 21

Others

answered on 27-Nov-21 04:24

sir is there any chance that i can view the video of Varun Sir - Approch to exam income tax law for dec 21 exams held live today which i missed ?

latest answer

Go through it https://youtu.be/P3A-NX6Rim0

Nalini Jandhyala

CA Inter

★ 2K+

265

sections and sub clauses

Indirect Taxation

answered on 26-Nov-21 23:03

sir can we write the correct section only if we are not sure about the subsections and subclauses in the exam ?

latest answer

Yes

Nalini Jandhyala

CA Inter

★ 2K+

256

OPC

Corporate & Other Laws

answered on 26-Nov-21 22:02

Regarding the eligibility of Member or nominee of OPC must be 1.Indian citizen 2.Natural person 3.Resident or otherwise In above otherwise means Non resident right , then why they have give 120 Days criteria ?

latest answer

Thank you

Kumar G

CA Final

★ 12K+

253

Ca inter fm

Financial Management

answered on 26-Nov-21 20:04

Is leasing chapter is still there in Ca inter Fm or it has been removed?!

latest answer

Removed in CA Inter (New syllabus)

swati barbate

CA Inter

★ 150

249

Exam centre changed by ICAI

Exams

answered on 26-Nov-21 18:39

Sir, my exam centre has been changed by the icai today, they didn't tell any instructions or procedures to do . Is there any requirements are there sir? If any please let me know sir.

latest answer

Thank you sir.

Vishnuvardhan Raju

CA Inter

★ 1K+

303

Cost sheet

Costing

answered on 27-Nov-21 08:41

In the q they haven't mentioned that the admin OH is related to production, but in ans they have taken it as admin OH related to prod.. Why?

latest answer

Give a note of your assumptions in answers

Sri Varshini

CA Inter

★ 575

251

Value of supply

Indirect Taxation

answered on 27-Nov-21 08:53

While determining the value of supply any subsidy received from Government directly related to price of the goods, we have to deduct right?

latest answer

Yes

Kumar G

CA Final

★ 12K+

248

COMPOSITE SCHEME

Indirect Taxation

answered on 27-Nov-21 16:50

IF THERE ARE 2 TRADERS A & B every month,, Both buy goods from same person of value 1,18,000 (1 Lakh worth stock & pay 18% GST @ 18,000 Rupees) and avail ITC =18,000 They sell the stock @ VALUE ADDITION of 30,000 (i.e profit) in the sale receipt they include price ---------1,30,000 GST@18%--- 23,400 Cash collected 1,53,400 GST NET PAYABLE TO Govt = 23,400-18,000 = 5,400 THIS 5,400 also = value added amt 30,000 x 18% now if B opt for COMPOSITE SCHEME as TRADER * B can NOT claim ITC. * B can not collect GST. * has to pay tax @ 0.5% CGST + 0.5% SGST from own pocket. For suppose he contiue with same VALUE ADDITION of 30,000 HIS BILL OF SUPPLY includes Price--------------1,30,000 GST N/A--------- 0 CASH collected---1,30,000 TAX to be paid to GOVT from OWN pocket =1% X 1,30,000 = 1,300 HIS ULTIMATE PROFIT of B = 30,000-1,300 = 28,700 PROFIT of A who is REGULAR scheme with ITC = 30,000 but here CUSTOMER IS GETTING A DIFFERENCE OF 23,400 rupees IN BUYING BETWEEN A & B COST OF GOODS IN A SHOP= (1,30.000+23,400) incl GST = 1,54,000 rupees COST OF GOODS IN B SHOP= 1,30,000 ONLY DIFFEERENCE = 23,400 ARE ALL OF ABOVE ASSUMPTIONS ARE RIGHT ?? IF TRUE ALWAYS A COMPOSITE DEALER CAN SELL GOODS @ LOW PRICE OR IS ANY UNDERSTANDING OF CONCEPT IS WRONG ?? PLEASE ANSWER

latest answer

From end consumer point of view, he will only be concerned about where the price is less. However, the point to be noted is that whether to opt for composition scheme or not is pure business decision making based on profits he is making. Moreover, composition scheme is not mandatory it is purely optional.