Company Audit

answered on 24-Apr-23 10:28

If the Auditor provides services specified in Sec 144 of Companies Act 2013 for the period April, May 2023 and withdraw from rendering the above services in 15th June 2023, will the auditor is disqualified or not for being auditor for FY 2023-24 ?

latest answer

Not disqualified. The CA should not be rendering such services given in Sec 144 at the time of appointment u/s 139

Prethivi Rajan

CA Final

★ 9K+

3

245

As26

answered on 23-Apr-23 10:40

Why are advertisement and preliminary expenses considered as intangible assets under AS 26

latest answer

It deals with but you cannot recognise it as an asset as peR AS 26

GIRISA S

CA Inter

★ 390

3

138

pls provide answer with reason

answered on 23-Apr-23 12:55

correct/incorrect

latest answer

Icai sm 7.6

Bhavya Kumar

CA Final

★ 7K+

3

232

Amendment

answered on 22-Apr-23 21:47

For resident welfare association ,Is Limit of 7500 removed ??

latest answer

Whole amount is taxable if exceeds 7500 per member per month

Reetikaa R

CA Inter

★ 7K+

2

181

Resolution requiring special notice - Chapter 7 - MANAGEMENT AND ADMINISTRATION

answered on 25-Apr-23 17:07

As per the companies act, the members who are having not less than 1% of the voting power or *NOT EXCEEDING* 5Lakh amount of paid-up share capital can give notice to the company for passing special notice. As per rule 23, it states that " special notice required to be given to the company shall be signed, either individually or collectively by such number of members holding not less than 1% of the total voting power or holding shares on which an aggregate sum of not less than 5,00,000 rupees has been paid up on the date of the notice." what limit are we supposed to take for this purpose? Attached is a copy of the study material showing the exact wording.

latest answer

Thankyou sir

Prasad Ramasamy

CA Inter

★ 4K+

4

160

Audio notes

answered on 26-Apr-23 12:12

Does anyone follow audio notes technique while study or revision.?

latest answer

Where?

Madhu Reddy

CA Inter

★ 4K+

3

248

Consolidated financial statements

answered on 25-Apr-23 11:52

Difference between company not listed in India or outside India and unlisted companies.

latest answer

The condition mentioned under exemption is that in addition to a and c conditions, company must not be listed. There isn't any difference between company not listed in India and unlisted companies per se

Madhu Reddy

CA Inter

★ 4K+

1

137

PGBP

answered on 23-Apr-23 14:09

Sir, In this question they have said fee from visits to other hospitals (Net) Rs.5,85,000 but in solution they have considered as (585000/90%) and can you please explain.

latest answer

In the question they gave you the value after deducting tds u/s 194 J To find the gross amount you need to reverse.

Hari Haran

CA Inter

★ 3K+

1

220

Tax liability computation

answered on 24-Apr-23 11:39

In the question it's given as Net of TDS so I deducted TDS paid from tax payable after cess, but icai have not done this in this case, is this some sort of alternate assumption?

latest answer

Yeah mam they've only asked tax liability, Thank you!

Abishek M

CA Final

★ 11K+

5

189

Ind as 23- I'll 14 group borrowings

answered on 17-May-23 12:12

Good evening sir! In CFS, you have added the exp incurred by Construction co. to the exp. Incurred real state co. And used Captialisation rate .Here ,the construction co. Used its own resources as per IND as 23 notional B.C shouldn't be capitalised know sir!!? But in CFS ,when we add this exp and calculated B.C indirectly we are capitalising the borrowing cost on 10lacs exp made by Construction co. From its own resources. Can you please give clarification on this sir??

latest answer

The money received by the construction co would have been indirectly financed by the other entities in the group. Think of these as 4 departments in the company. And then there is a general borrowing.

Priya Bhimani

CA Final

★ 7K+

2

191