TDS

answered 1 day ago

Why non monetary perquisites is added to total salary in computation of tax liability in this sum. Is it not that employees don't need to pay tax on it and only the employers are liable to pay for it?

latest answer

If employer pays tax on non monetary perquisites then such tax amount would be exempt as per Section 10(10CC).

Niveta Rajkumar

CA Inter

★ 1K+

2

45

Accounting for branches

answered on 24-Jul-24 05:02

In this question why aren't we crediting receipts from sundry debtors to branch p and l account.

latest answer

Because it forms part of branch stock account which is credited to the branch profit and loss account

Niveta Rajkumar

CA Inter

★ 1K+

1

39

Chapter 2- Residence and scope of total income.

answered on 24-Jul-24 08:11

7. illustration 3 – Date of joining the ship and date of signing off , both the date to be excluded i.e. 6th June and 9th December to be excluded while computing number of days. So, we have to start counting dates from 7th and count upto 8th December. But in solving the problem both days are included. Please verify and clarify whether I am correct or not.

latest answer

For counting total number of days spent on ship both the signing in and off is included And to find out total number of days stayed in india , we will deduct above number from 365 days

NAGARAJA B.R.

CA Inter

★ 2K+

1

39

Capital asset

answered 1 day ago

In capital asset doesn't include personal effect For example Mr ramesh is a common person in his future he is a big celebrity He want to sell his car more than fare market value in this situation it considered as capital asset

latest answer

No it is not. Even though he is celebrity it is still personal effect.

siddesh N

CA Inter

★ 3K+

1

34

FR Mark anlysis

answered on 23-Jul-24 16:54

Sir Analysis of question and weightage that you have showed in your fastrack class live where will that be available??

latest answer

Thank you sir

kabilan sam

CA Final

★ 2K+

5

38

Does anyone have CA inter chapter wise weightage pdf for September?

answered on 23-Jul-24 21:13

Does anyone have CA inter chapter wise weightage pdf for September?

latest answer

This is the pdf

Atiya Shaikh

CA Inter

★ 17K+

3

51

Query on ICAI’s Section-Wise Weightage for Advanced Auditing

answered on 23-Jul-24 18:22

As per the section-wise weightage issued by ICAI for Advanced Auditing, it is noted that certain Standards on Auditing (SAs) are covered in depth at the Intermediate level. Consequently, at the Final level, these SAs may be discussed primarily through case studies. Does this mean that for these SAs, we should expect only MCQs in the exam, and that descriptive questions on these SAs will not be asked? I am seeking clarification on whether the application of these SAs at the Final level will focus predominantly on case studies rather than descriptive questions.

latest answer

Yes indirectly they will be tested. A direct question from those standards will not be expected. Example- SA 320, full content is not included as a part of syllabus. But through SA 315 that could be tested. So yes , case studies we can expect .

kathiresh Kumar

CA Final

★ 15K+

1

38

Derivatives

answered on 23-Jul-24 14:56

In Q3 what is exercise value mean?

latest answer

Profit in exercise of option

Dhakshana Dhakshana

CFA L1

★ 18K+

1

28

Reduction of sh cap

answered on 23-Jul-24 14:10

Why MOA is altered if there is reduction of share capital Cause MOA only says about authorised sh cap i.e the Max limit..which is not reduced….only issued capital is reduced

latest answer

1) is solved

Sushmita Chowdhury

CA Inter

★ 715

2

32

bonus

answered on 23-Jul-24 15:48

bonus cant b issued to unpaid sh ? pls expl the meaning of this line

latest answer

If shares is partly paid then it must be first made fully paid, then only fully paid bonus share can be issued for it

Sushmita Chowdhury

CA Inter

★ 715

1

33