Forums
ITC
Indirect Taxation
answered on 20-Jan-23 09:44
S.16 If having goods but we missed invoice then we eligible to claim ITC?
latest answer
All conditions should be satisfied. You should have invoice or other document evidencing the transaction
Kamal Kumar
CA Inter
★ 7K+
3
451
Mock tests
Information Systems
answered on 21-Jan-23 08:23
When will the mock tests of EIS appear?
latest answer
Feb 1st / 2nd week
Sarthak Aggarwal
CA Final
★ 9K+
1
528
Insurance Claim
Accountancy
answered on 24-Jan-23 09:24
How could we consider 1l as reduction in turnover avoided because here our actual turnover is 1lakh and Reduction in turnover is 3 lakh so what we are not taking 3 lakh as reduction in turnover avoided?
latest answer
Reduction is 3 lakhs. Reduction avoided is 1 lakh.
Snehashis Mohanty
CA Inter
★ 35
1
365
Definition of small company
Corporate & Other Laws
answered on 19-Jan-23 21:23
Is latest ammendment applicable for may 23 exam Find attached for latest ammendment
latest answer
you can see all the amendments applicable for upcoming exams once after RTP is released so read it but only if it is there in RTP it will be applicable
poco m2 pro
CA Inter
★ 3K+
2
403
Amendments
Exams
answered on 19-Jan-23 18:20
Exculded part no more applicable to exams?
latest answer
Yes, not applicable to exams. But most of the excluded sections are small and simple. Just read for knowledge if you have time.
Madhu Reddy
CA Inter
★ 4K+
1
609
Books suggestion
Others
answered on 19-Jan-23 20:58
If anyone using Paduka publications books for Intermediate exams kindly reply they are enough for complete preparation?
latest answer
As per my knowledge, Padhuka Books are not required for sum papers like Accounts, Costing and Adv Acc because these subjects don't need separate material for preparation, only ICAI Module with class workings and notes are enough. First, complete the classes for sum papers.
Shubham .shubham
CA Inter
★ 885
3
521
What is capital profit and revenue profit
Accountancy
answered on 12-Jun-24 11:58
What is capital profit and revenue profit
latest answer
Capital Profit Definition: Capital profit is the profit earned from activities that are not part of the regular business operations. These profits are usually non-recurring and arise from transactions involving the capital structure of the business. Example: A company sells a piece of machinery that it no longer needs. If the machinery was purchased for ₹3,00,000 and it is sold for ₹4,00,000, the company makes a capital profit of ₹1,00,000. This profit is not part of the company's regular sales revenue from its core business activities. Revenue Profit Definition: Revenue profit is the profit generated from the regular business activities or operations. This type of profit is recurring and forms the core income for the business from its day-to-day activities. Example: A retail store buys goods for ₹2,00,000 and sells them for ₹3,00,000. The revenue profit is the difference between the sales revenue and the cost of goods sold, which is ₹1,00,000. This profit is part of the store's normal operations and contributes to its overall income from regular sales activities. In summary: Capital profit comes from non-recurring transactions involving the capital assets of a business, such as selling an old piece of equipment. Revenue profit comes from the regular, recurring operations of the business, such as selling merchandise in a retail store.
Atharv Sankliya
CA Final
★ 3K+
4
17K+
Expenses
Accountancy
answered on 20-Jan-23 10:32
What Are unamortised Expenses ? And Examples Of It ?
latest answer
Unamortised Expenses - Expenses incurred (whose benefit is beyond a single year) but the expenses is not yet charged to P&L
Shanmukh Vemuri
CMA Final
★ 5
2
616
CA final Classes
Others
answered on 19-Jan-23 12:52
My CA final attempt is on Nov 2025 Sir I want to start classes from now i.e from 1st year of Articleship, is preparing icai material by own is sufficient sir
latest answer
Thank you sir
Valli Kotapati
CA Final
★ 5
2
550
ESOP
Corporate & Other Laws
answered on 19-Jan-23 19:07
Rule 12(6)period between grant and vesting to be min 1 year,then what is the limit for the time between vesting and exercise of options ,is there any specified limit?
latest answer
Its on the Board to decide the maximum time between vesting and exercise (ie, Exercise period). Companies Act is silent about it.
Pramod Rajpurohit
CA Inter
★ 0
2
444