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Validity
Others
answered on 10-Mar-23 08:23
I passed the CA foundation through God's grace. I what to know for how many years this CA foundation pass will be valid. Is there anything like that if the year expires? I should write the CA foundation again
latest answer
Thank you so much for the answer. God bless you
Deborah Susaiyappan
CA Inter
★ 8K+
2
452
PGBP
Direct Taxation
answered on 10-Mar-23 17:20
Can anyone explain the allowability of this exp. In detail..
latest answer
Provision for gratuity is not allowed.
Rifhat Khan
CA Inter
★ 28K+
3
523
Explain this
Accountancy
answered on 10-Mar-23 17:23
What is substance over form In accounting??
latest answer
You will learn more examples about these in AS-19, AS-9
Dhakshana Dhakshana
CFA L2
★ 18K+
5
424
Foreign Exchange Exposure - Illustration 89
AFM
answered on 10-Mar-23 09:43
Here...importer requested banker for extension of contract to 10th Aug... But we have taken the fwd rate on 13th Aug for our New contract rate calculation...i.e., 64.25 instead of 64.35... Which one is correct?
latest answer
Thank you sir...
Srikanth Srimath Tirumala Peddinti
CA Final
★ 320
2
536
Investment Decision
Financial Management
answered on 09-Mar-23 22:21
Why is tax charged on saving in contract payment? 150*30%=45 cash outflow
latest answer
Yes
Angel Maria Varghese
CA Final
★ 9K+
2
415
Prospectus and allotment of security
Corporate & Other Laws
answered on 19-Mar-23 08:16
To include experts statement The experts should be engaged or interested in formation or promotion or management of the company Or he should not be engaged with that Who can give experts statement
latest answer
Expert statement is included a) if the person(i.e the expert creating such statement) is not engaged in formation, promotion or management of the company. b)has given written consent & not withdrawn such consent ( before delivery of prospectus to ROC)
Sruthi sruthi
CA Inter
★ 640
4
489
Investment Decision
Financial Management
answered on 09-Mar-23 19:55
[Depreciation is a fixed cost. So Fixed cost includes Depreciation.] In this question depreciation is not deducted from fixed cost and depreciation is deducted again to arrive at CFAT. If we are deducting Depreciation separately shouldn't we reduce it from fixed cost?
latest answer
Unless otherwise specified in the question, we assume that Fixed Cost does not include depreciation.
Angel Maria Varghese
CA Final
★ 9K+
2
455
PGBP
Direct Taxation
answered on 10-Mar-23 00:25
Assessee is dealer in shares and securities. Please give Taxable income Computation under PgbP.
latest answer
STT paid is not allowed as deduction in Capital Gains. But , in PGBP , it is exclusively related to a speculative business and allowed as deduction.
Hiren Ghadiya
CA Inter
★ 1K+
2
483
Insurance claim
Accountancy
answered on 20-Mar-23 10:00
In module chapter 10 illustration 5 there is abnormal item which is taken at cost in memo trading account (opening stock) Whereas in illustration 1 abnormal item is taken in opening stock at cost - written off value why so??
latest answer
To calculate normal gross profit, we need to ensure the we calculate it using normal valuations. Say some part of opening stock is sold at loss or lower profit or higher profit. This will be excluded to ensure that it does not impact the calculation. If we have written off some amount from closing stock, we add it back to bring it to normal valuation just for the purpose of GP calculation.
AKSHA MEHTA
CA Inter
★ 2K+
7
434
ESOP
Accountancy
answered on 09-Mar-23 20:13
Why can't we calculate the amount with respect to lapsed options directly by multiplying options lapsed and fair value. Can anyone please explain me the procedure of finding the amount to be transferred to general reserve with respect to lapsed options.
latest answer
Ok sir. Thank you sir
Umayal Lakshmanan
CA Final
★ 6K+
2
476