Forum - CA, CMA & CS Exams

IndigoLearn

Forums

Select Category

answered 2 days ago

An assesse has let out his building fr business of other. So the income is charged frm house property right sir? (letting out his properties is not his business)

latest answer

Yes it will come under the head house property only

Shru Kanda

CA Inter

★ 520

Doubt

answered 2 days ago

Which chapter is comparatively easy between Probability and Theritical Distributions ?

latest answer

Not yet, bro. But I am studying probability from my 10th standard. So according to me probability is very easy. But it may be tough for someone.

ATANU HAZRA

CA Foundation

★ 100

Articleship Termination Process

answered 1 day ago

Can anyone please explain the detailed process of Articleship Termination process due to Medical Grounds.

latest answer

You need to write to ICAI and seek permission

Harish Hari

CA Final

★ 6K+

Redemption of preference shares

answered 1 day ago

Sir, I did not understand the CRR entry 1) how 33750? 2) And when the redemption is financed from Sale of investments + Utlizing bank balance + Minimum fresh issue of equity shares We credit to CRR only the amount taken out of free reserves right !! But in this case we did not take any amount from free reserves for redemption, then why did we credit 33750 to CRR ? Please explain

latest answer

Thank you sir

sindhu anandi

CA Inter

★ 580

Itc

answered 1 day ago

Itc recognized in books = rs 4500 GRTR - 2B = 3000 Therefore, itc availed in GSTR-3B =3000+5%=3150 150 is provisional itc .it should be match in future In future , -5% is greater than the actual itc = we should reverse with interest @18 %p.a -5% is less than the actual itc = what sir? Can u explain briefly??

latest answer

Any ITC missed can be claimed in next month. Not to worry. ð???

joes naveen

CA Inter

★ 0

What are the provisions for violating section 40

answered 1 day ago

Violation of sec 40

latest answer

Then if sec 40 is violated ,shall we refund the money if anything is alloted?

Pramod Rajpurohit

CA Inter

★ 0

Company

answered 2 days ago

What it mean 'pass such orders, as it may think t, for regulation of the management of the company including changes, if any, in its memorandum and articles, in public interest or in the interest of the company and its members and creditors;'

latest answer

The regulator may change MOA in public interest - Eg a company has clause in AOA / MOA on directors but say all directors resign - GOI can appoint fresh directors - happened in satyam - similar such cases can be thought of

Rakesh Shah

CA Foundation

★ 5

Comapny

answered 2 days ago

What it mean 'the Tribunal may, on an application made to it, on being satisfied that the situation so warrants,'

latest answer

What is there in this line to not understand? a tribunal is passing an order based on situation - it is passing order based on application made by someone

Rakesh Shah

CA Foundation

★ 5

SOGA please help me

answered 1 day ago

X sold his Bike to Y for 5L now after the sale..Y found that the Engine of the bike is in very bad condition result of that the bike can not be used...now what can Y do ?? My doubt is can Y climb this as Breach of Condition and cancel the contract+damages....And Can X say this is Doctrine of privity of contract please help me

latest answer

This can be treated as breach of condition only in case where Y completely depends on X's skill and judgment for purchase of the bike and X is a dealer in bike in ordinary course. In such a situation implied condition as to quality and fitness will apply.