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June 22 RESULT
Exams
answered on 05-Aug-22 17:30
When will results come? (June 2022 Foundation)
latest answer
Aug 9/10
Agilasri Agila
CA Foundation
★ 890
7
527
#5 Inter: Question of the day (Group 1)
Indirect Taxation
answered on 05-Aug-22 22:28
State with brief reason, whether following suppliers of taxable goods are required to register under the GST Law : (i) Mr. Raghav is engaged in wholesale cum retail trading of medicines in the State of Assam. His aggregate turnover during the financial year is Rs.9,00,000 which consists of Rs.8,00,000 as Intra-State supply and Rs.1,00,000 as Inter-State supply. (ii) Mr. S.N Gupta of Rajasthan is engaged in trading of taxable goods on his own account and also acting as an agent of Mr. Rishi of Delhi. His turnover in the financial year 2017-18 is of Rs.12 lakhs on his own account and Rs.9 lakhs on behalf of principal. Both turnovers are Intra-State supply.
latest answer
Answer (i) Person making any inter-State taxable supply of goods is required to Pobtain registration compulsorily under GST laws irrespective of the quantum of aggregate turnover. Thus, in the given case Mr. Raghav is required to obtain registration compulsorily under GST laws even though his aggregate turnover does not exceed the threshold limit of ` 10 lakh [since Assam is a Special Category State] in the financial year. (ii) Persons who make taxable supply of goods on behalf of other taxable persons whether as an agent or otherwise are required to obtain registration compulsorily under GST laws irrespective of the quantum of aggregate turnover. Aggregate turnover includes all supplies made by the taxable person, whether on his own account or made on behalf of all his principals. Since Mr. S.N Gupta is also acting as an agent of Mr. Rishi of Delhi, he is required to obtain registration compulsorily under GST laws.
Sudha Reddy
CA Final
★ 20K+
7
2K+
Logarithm
Maths & Stats
answered on 05-Oct-22 17:57
Log 1728 to the base 2â??3 ? How to convert 2â??3. For 1728 = 12³ ( or ) 2â?¶ * 3³
latest answer
Check this solution
Vignesh Psv
CA Foundation
★ 8K+
6
656
Cost of irredeemable debentures
Financial Management
answered on 05-Aug-22 18:19
For the calculation of cost of irredeemable debentures why is the market value preferred, what is the logic ?????
latest answer
Okay...
nisam M
CA Final
★ 23K+
6
681
Ratio Analysis
Financial Management
answered on 12-Aug-22 01:43
Will current ratio and quick ratio increase or decrease:- Loan taken from bank for 5 years rs. 1,00,000 And how
latest answer
Ok sir thank you
Harsh Mittal
CA Final
★ 1K+
6
496
Inspection/certified copies
Others
answered on 05-Aug-22 15:59
I received my certified copies through rti ,i got less marks for the correct answers nd some right answers also given zero,can i apply for inspection,will that make revaluation of answe paper?
latest answer
intermediate_examhelpline@icai.in final_examhelpline@icai.in
Seetha Ram
CA Final
★ 18K+
7
493
Fiduciary capacity
Corporate & Other Laws
answered on 08-Aug-22 09:32
Share held as fiduciary capacity means ?
latest answer
Shares held in fiduciary capacity means for example shares are held by a trustee in behalf of the beneficiary where the trustee has the fiduciary capacity that is (Fiduciary capacity creates a relationship wherein one holds the duty to another of trust, confidence and good faith.) the share holdings belongs to beneficiary but not the trustee, he does not have the power to exercise them .
Jitendra Kumar
CA Final
★ 41K+
4
768
Ratio Analysis
Financial Management
answered on 04-Aug-22 21:54
In the chapter Ratio Analysis, Equity equals equity share capital + preference share capital + reserves. But in the solution of practical sum 7 (pg.no:3.75), why they added preference capital again in total asset computation?
latest answer
It's not just Equity. It is Total Assets=Total Liabilities Since, Total Liabilities= ESC + PSC + Debts + CL Therefore, Total Assets= ESC + PSC + Debts + CL
Balaji K
Qualified CA
★ 7K+
2
563
Management and administration chap
Corporate & Other Laws
answered on 05-Aug-22 08:34
Whether the restriction on voting rights to members is applicable only if articles of association provides or mandatory as per companies act? Sec 106
latest answer
Thank you
Archana Chandrasekaran
CA Final
★ 955
4
465
Amendments video
Direct Taxation
answered on 04-Aug-22 21:58
How to find which one is the updated lecture for Nov 22 after amendments?Can anyone reply me
latest answer
https://youtu.be/RF7b8jn1Wrc
Shankari C
CA Inter
★ 12K+
3
533