Forums
Registration
Indirect Taxation
answered on 26-Mar-22 11:01
What does this section really means...can anybody please tell an example.. 1. Is it that the ITC used or claimed 2. When should this be paid? After selling that good only? 3. What about ITC reversal
latest answer
A registered person at the time of cancellation of registration shall pay ITC availed on inputs which are held in stock, ITC involved in the remaining useful life the capital goods in months. In case of inputs he has to pay higher of 1. ITC availed on inputs held in stock 2. Output tax that would have been payable if he sells the stock.
Christeena Ambel
CA Final
★ 220
9
558
Risk assessment and internal control SA 315
Auditing
answered on 26-Mar-22 06:48
Can anyone explain simply to say briefly about the points terms- rely on internal controls
latest answer
Ok tq ð???
prasad B
CA Final
★ 3K+
4
846
Negotiable instruments act
Corporate & Other Laws
answered on 30-Mar-22 09:40
Can anyone tell the difference between Endorsement and negotiation with examples
latest answer
Sec 47- a promissory note, bill of exchange or a cheque which is payable to the bearer are negotiable by delivery subject to the provisions of sec 58 of the Act.
Lakki Kamu
CA Final
★ 4K+
4
823
CA Intermediate Accounts Chap: Profit/Loss Pre and Post Incorporation
Accountancy
answered on 25-Mar-22 19:00
Can someone help me with this? In CA Intermediate Group1 Accounts, Chapter 5: Profit/Loss Pre and Post Incorporation, in the illustration no.5, how do we compute Gross Profit?
latest answer
Gross Profit = Sales + Closing Inventory - Purchase including Inventory - Freight and Carriage
Evelin K.E
CA Inter
★ 0
10
438
Income from business
Direct Taxation
answered on 25-Mar-22 17:51
Penalty for GST delay is disallowed expenses or not ? How to treat it was?
latest answer
It is based on Circumstances , If it is like late filing fee etc it is allowable expenses, if the penalty is imposed due to Breach of law it's disallowed
Hemanth kumar Kumar
CA Final
★ 750
1
400
NI ACT
Corporate & Other Laws
answered on 25-Mar-22 18:52
Can any one say about account payee crossing
latest answer
Ok
Pandusml V
CA Final
★ 4K+
2
418
Liquidation
Accountancy
answered on 02-Apr-22 07:17
Can anyone explain me the equity shareholders part in the payment side,bcoz the share value in the question is 100 per share but they calculated as 10 per share and 5 per share
latest answer
Notional call will not be made from 2900 shares so they will get back only 5. Others will get 10 Computation of loss attached.
sriram kannan
CFA L1
★ 0
10
502
Theory prepration.
Costing
answered on 25-Mar-22 18:34
Good afternoon teachers. I wanted to know how to prepare smartly for CMA theroy for CA inter exams?
latest answer
Thank you sir
Vishal Aggarwal
CA Inter
★ 380
7
451
Some chapter lecture are not available
Auditing
answered on 25-Mar-22 17:02
I have purchased lectures of auditing i didn't find particular chapter in those lecture They are Chapter-5 fraud and responsibilities in this regard Chapter-7 Audit sampling Chapter-8 Analytical procedures Chapter-11 Audit Report
latest answer
These chapters are along with standards
MAYURI RATHOD
CA Inter
★ 70
1
386
Compulsory acquisition and Enhanced compensation
Direct Taxation
answered on 25-Mar-22 14:46
Year 1 received Rs.10 lac Year 2 received Rs.5 lac enhanced compensation In which year 10 lac will be taxed
latest answer
Year 1
divya kashyap
CA Inter
★ 920
3
437