Forums
Articleship eligibility/criteria
Others
answered on 08-Jun-21 10:15
I am currently preparing for inter for the upcoming November. My doubt is that whether I can start articleship by passing just one group, or is it compulsory for me to clear both the groups of inter to register myself in a firm for articleship. Please let me know the procedure and steps. It would be really helpful if you could give me sufficient information regarding that four-week course offered by ICAI and when is it. I am so thankful if you could list the steps and procedures.
latest answer
psl check the link below https://www.indigolearn.com/exam/CA-Inter-A-Complete-Guide
lithish kumar
CA Final
★ 3K+
4
656
Internal reconstruction
Accountancy
answered on 07-Jun-21 18:53
In this question they have said that the shares are converted but while solving they have shown like reduction why is it so?
latest answer
Present u have 6000 fully paid up shares of 50 each ...now they want to convert it into shares of 20 each ...u have to reverse share capital with 180000 amount...
Venkatesh Rathinam
CA Final
★ 15K+
3
595
Sec.115BAC
Direct Taxation
answered on 07-Jun-21 16:15
If an assesee choose sec.115BAC. He is entitled to claim the professional tax paid as a deduction?
latest answer
No, not allowable
Balamurali Unnithan M S
CA Inter
★ 3K+
1
589
Sec.115BAC
Direct Taxation
answered on 07-Jun-21 16:45
If an assesee choose sec.115BAC. He is entitled to claim the professional tax paid as a deduction?
latest answer
Professional tax deduction is not given if assessee opts for 115BAC
Balamurali Unnithan M S
CA Inter
★ 3K+
3
617
Standard costing
Costing
answered on 08-Jun-21 04:39
M P: Why this 4000/- is adverse? Sir It's from the latest RTP question.
latest answer
Thank you mam
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
2
582
Cost sheet
Costing
answered on 14-Jun-21 11:46
Need answer for this question sir
latest answer
Your solution is correct
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
14
594
Compilation Engagement
Auditing
answered on 07-Jun-21 13:24
What does it mean? From which chapter is the question picked? Itâ??s a 2 mark question from Nov 2019 attempt of CA IPCC. The answer in the suggested answer didnâ??t explain much.
latest answer
SRS 4410 A compilation engagement is a type of engagement where a company engages an outside accountant to prepare and present financial statements. It is not designed to express an opinion or provide assurance regarding the information contained in the financial statement.
Elvis Martis
CA Inter
★ 0
1
607
Doubt
Accountancy
answered on 07-Jun-21 18:21
Why in this problem interest on debenture is not accounted any where (especially in bank a/c)..?
latest answer
Thank u sir
Sri kanaga Varshini
CA Final
★ 3K+
2
565
Sec 56(2)(10)
Direct Taxation
answered on 07-Jun-21 19:27
Two questions on sec 56(2)(10) Q1: Section states that if a person receives cash >50,000 will be treated as IFOS. Does this cash mean physical cash or even the money received in form of account payee cheque or other electronic modes of transfer. Q2: If the stamp duty value is >10% of actual sale consideration, then the value SDV - Actual consideration paid will be considered as income. If the reverse happens where the Stamp duty value is <10% of actual sale consideration, can we treat the difference negative amount (SDV-Actual consideration) as loss and claim set-off?
latest answer
Q1: Not only cash. Any sum of money, without consideration, the aggregate value of which exceeds fifty thousand rupees, the whole of the aggregate value of such sum. Q2: No set off
John Selvaraj
CA Inter
★ 140
3
604
Accounts of companies .
Corporate & Other Laws
answered on 07-Jun-21 11:54
Sir books of accounts includes Financial statements ...? How long Financial statements have to preserve .
latest answer
Preserve for 8 year as per sec128 of co. Act 2013 and book and paper's includes all those things, refer sec 128 for more clarity
M Naresh
CA Final
★ 3K+
1
619