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Unutilized BEL

Direct Taxation

answered on 25-Jan-23 16:59

Unutilized basic exemption limit is first used against LTCG OR STCG?

latest answer

That would be first against LTCG 112, STCG 111A , LTCG 112A order right

Harshitha Kalidindi

Harshitha Kalidindi

CA Final

51K+

4

561

standard costing

Costing

answered on 25-Jan-23 13:51

why we mix actual hrs in std hrs?

latest answer

For better comparison and control action.

Kamal Kumar

Kamal Kumar

CA Inter

7K+

3

496

Disqualification

Auditing

answered on 30-Jan-23 11:46

Sec 141(3)(i) a person who directly or indirectly, renders any service referred to in sec 144 to the company or its holding co. or its subsidiary co. Will the auditor be eligible if he is rendering services to associate or co-subsidiary?

latest answer

The auditor will be disqualified to be appointed as an auditor if he renders any services referred to in sec 144.

Angel Maria Varghese

Angel Maria Varghese

CA Final

9K+

5

536

Amalgamation

Accountancy

answered on 25-Jan-23 09:21

Difference between intrinsic value and market value

latest answer

Intrinsic is based on balance sheet. Market value is based on the price prevailing in market.

Krishnan K

Krishnan K

CA Inter

5K+

2

399

Capital budgeting

Financial Management

answered on 24-Jan-23 20:41

Earnings after tax but before depreciation means CFAT

latest answer

Earning before dep Less tax Add tax saving on dep= CFAT

Krishnan K

Krishnan K

CA Inter

5K+

3

555

Capital gains

Direct Taxation

answered on 25-Jan-23 11:06

In this q,ofr computation why haven't we considered depreciation on building block ?

latest answer

If the WDV of assets is reduced to zero or the block of assets is empty or ceases to exist on the last day of the previous year then no depreciation is allowable.

SANSKRITI BADRI 2111339

SANSKRITI BADRI 2111339

CA Final

4K+

5

406

General doubt

Others

answered on 24-Jan-23 23:28

Could anyone help me out What is the difference between the factory vs industry Answer with full explanation

latest answer

Factory is a part of industry.. For example: A tyre manufacturing is industry but the MRF is the factory of this industry

Balachandar S

Balachandar S

CA Inter

59K+

5

521

CA Inter Group 1

Exams

answered on 24-Jan-23 18:37

In CA Inter Group 1 all papers are subjective except Paper 4 Taxation which was 30 marks mcqs, right ?

latest answer

MCQs are there in the following papers in Group-1: - Paper-2: Law - 12 marks - Other Laws - 18 marks - Company Law - Paper-4: Tax - 12 marks - GST - 18 marks - Income Tax

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

5

526

Company Audit - Disqualifications

Auditing

answered on 24-Jan-23 17:10

Is an audit firm disqualified to be appointed as an auditor of a company which provides stationary items refularly to the audit firm?

latest answer

it is given that other similar business means a normal commercial business also are exempt like stationary and groceries etc

Angel Maria Varghese

Angel Maria Varghese

CA Final

9K+

4

650

CA Inter May 2023

Exams

answered on 25-Jan-23 10:06

https://resource.cdn.icai.org/72666exam58582-2.pdf The above attached link is a circular by ICAI specifying the requirements for May 2023 Exams. I have a few doubts in this regard: 1) Are these photo & signature requirements new (or) were they present in the previous attempts also? 2) My photo background is in blue colour. Is it okay or should I change it, as I did not face any problem in my Nov'22 exams? 3) My signature is not as per the exact size requirements specified in the circular. Should I change it too? This also did not cause any issue last time. So, is it mandatory to update all these? Kindly help me in clarifying these doubts.

latest answer

Ok sir. Thank you sir.

Varshaa M

Varshaa M

CA Final

35K+

7

1K+