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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

venkatesh sundharamoorthy

CA Final

34K+

1

599

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

Gomathi K

CA Final

40K+

1

921

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

dhananjay p p

CA Inter

0

2

633

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

Sajan Gangadharan

CA Final

9K+

3

549

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

Sibi Srinivasan

CA Final

22K+

5

592

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

kowselyaa G

CA Final

2K+

1

736

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

Ali S

CA Final

8K+

4

574

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

Ali S

CA Final

8K+

1

627

How to calculate 9month of articleship

Others

answered on 26-Dec-22 13:05

I have a doubt sir ...that I am a direct entry student.. I am doing articleship on the month of feb 8 ad in march I took 7 days leave ad april I stopped at the date of 22/04 Still the month june (due to pandemic)ad I rejoined the articles in this month ..still now I didn't put any leave...shall I know how to calculate 9month of articleship training. Because I don't know I am eligible or nt

latest answer

You have to register for articleship. You have to do training under a CA/firm. Here's our blog on 'Options for Articleship & How to Choose an Audit Firm?' https://1fin.page.link/LwrfgPsNobxVKuxM8 As a first step you have to select a firm/CA under whom you will do training and procedure is easy after that - submission of documents to ICAI, that's it.

Jayashree S

Jayashree S

CA Inter

2K+

6

1K+

Salaries

Direct Taxation

answered on 12-Jul-21 07:51

Sir in entertainment allowance for calculating the 1/5th of salary. What we should take for salary?

latest answer

Salary excluding any allowance, benefits or other perquisite

Likhitha Sivani

Likhitha Sivani

CA Final

14K+

1

594