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Employee Benefits Expenses
Auditing
answered on 13-Jul-21 22:56
While auditing employees benefits expenses,one of the audit procedure is to meet the employee in person to counter the risk of fictitious entry in the name of employee that an entity could made . What could be the possible reason for an entity to record fictitious expenses like such ? Won't it will be a loss for the entity?
latest answer
Haaaa Haaaa, Great. But it's a type of tax evasion, difficult to identify by the department in such cases. Firms paying to their relatives' bank accounts & showing it's as salary, any expense - in their books of accounts. Then they get the same amount from them.
Himanshu Somani
CA Final
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3
746
Business Organizations(BCK)
Economics
answered on 15-Jul-21 15:58
Is it necessary to remember all the ranks mentioned in all the Companies (or) We need to remember only the ranks below 100 ?
latest answer
Remember to the extent possible
Sonu R
CA Inter
★ 8K+
1
620
SA
Auditing
answered on 12-Jul-21 22:44
Sir ,shoud I study Auditing pronouncement or two modules are enough ? Please tell me
latest answer
What do you mean by two modules?
venkatesh sundharamoorthy
CA Final
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1
582
Exemptions
Indirect Taxation
answered on 12-Jul-21 10:22
Rice is not an agricultural product.. Services by way of loading, unloading, packing, storage or warehousing of rice(entry no.24) Is exempt from gst or not
latest answer
Although, the Rice is not an agriculture produce but for Rice, there is specific entry in the schedule at no. 24 under the heading of 9967 or 9985 of the Notification No. 12/2017 for exemption on supply of services by way of loading, unloading, packing, storage or warehousing of rice. So 'rice' is not an agricultural produce (but 'paddy' is), all benefits of negative list may not be available to 'rice'. However, transportation of rice by rail or vessel or goods transport agency shall be exempt, being covered as 'food stuff'.
Gomathi K
CA Final
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872
Auto conversion to ipc to inter new course
Others
answered on 12-Jul-21 15:15
If student pass ipc 1st group and autoconvert to new syllabus if fm&eco paper will be applicable for 2 nd group!?
latest answer
Pls check link below https://www.youtube.com/watch?v=HSCGPfFmJlI
dhananjay p p
CA Inter
★ 0
2
590
Esop
Accountancy
answered on 12-Jul-21 12:23
Vesting period is 3years. On grafe vested investments, why 1year allocation taken as 1/2.
latest answer
Generally in these kinds of scenarios, company expects that it will meet the target by the end of second year itself and transfers the compensation expense to profit and loss account.
Sajan Gangadharan
CA Final
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3
527
Regression
Maths & Stats
answered on 12-Jul-21 12:27
Pls explain how we've got 74 and 76 by referring the image
latest answer
Ok. Thank you
Sibi Srinivasan
CA Final
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5
553
Residential status
Direct Taxation
answered on 12-Jul-21 08:21
U/s 6 (1A) " Incomce from foreign sources" means? Income earned in India or income earned outside India
latest answer
Received or deemed to be received outside india and accrued/arised/ deemed to arise outside india
kowselyaa G
CA Final
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1
701
115 BAC
Direct Taxation
answered on 12-Jul-21 09:03
If nothing is mentioned, should we do tax computation by both normal provisions as well as 115 bac?
latest answer
Normal provision is better, 115 BAC is an option to the specified assesee ie, Individual & HUF...
Ali S
CA Final
★ 8K+
4
552
Chapter 8 question 3
Direct Taxation
answered on 12-Jul-21 08:33
Is this TDS deduction still applicable after amendment wrt dividend?
latest answer
Yes
Ali S
CA Final
★ 8K+
1
602