Forums
Trust taxation
Direct Taxation
answered on 07-May-25 16:22
Answer is C ?? According to me it is option A . Need explanation
latest answer
Your working seems right.
Laharika Urlapu
CA Final
★ 850
5
769
Illustration 3 - Applicability
Financial Reporting
answered on 29-Apr-25 09:32
My understanding is that if the threshold was met on, say 31st March 2019, then Ind AS is applicable from 2019-20 Financial Year Here, the company met the thresholds on 31st March 2015, but doesn't implement Ind AS from 2015-16 because Phase 1 has not started yet. It is not voluntary, so it gets covered by Phase 1 Is this correct?
latest answer
Yes
Vishnu Muraleedharan
CA Final
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1
142
Previous yr
Direct Taxation
answered on 28-Apr-25 16:33
Previous yr for the assessment year 2023-2024 a) sonam commenced a business on 10-03-2023
latest answer
If business is commenced on 10.3.2023 then PY shall be 10.3.2023 to 31.3.2023
Navya 2805
CMA Inter
★ 2K+
1
238
Compliance of the SA's
Auditing
answered on 27-Apr-25 18:28
Mam NFRA requires experts in reviewing the auditors work, are those experts can be a CA's or someone else?
latest answer
Thank you Mam
Harini Desu
CA Final
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2
189
Management and administration
Corporate & Other Laws
answered on 29-Apr-25 13:19
Can representative of BC or president vote in meeting by show of hands or e-mode.
latest answer
Yes.
meghana karnakanti
CA Inter
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2
176
Amalgamation
Accountancy
answered on 26-Apr-25 22:35
In certain sums Provision for doubtful debts is showing in balanced sheet under current liabilities head as short term provisions In some questions it is not considered as such, why?
latest answer
In final answer it should be shown as reduction from debtors
Shruthika Bala
CA Inter
★ 6K+
1
201
TCS
Indirect Taxation
answered on 28-Apr-25 19:37
What is the actual applicable rate of TCS -As per lecture it is 0.5% + 0.5% but as per books provided it is given as 025% + 0.25% ,please clear this.
latest answer
ok
Neha Pradhan
CA Final
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2
186
Partnership
Accountancy
answered on 26-Apr-25 20:33
Partnership not in ca inter ??
latest answer
No
Sushmita Chowdhury
CA Inter
★ 2K+
1
233
Companies governed by NFRA
Auditing
answered on 01-May-25 11:00
1. Body corporates are required to file NFRA-01 whether LLP's are required to do so ? or LLP's if covered under specified class then only applicable ? 2. If the NFRA applicability comes under year 1 and subsequently not covered in the year 2 then year 3,4,5 still NFRA control is applicable. Meanwhile if the threshold satisfies in the year 3 or 4 then it would be continued or not ?
latest answer
If the LLP falls under the NFRA thresholds, then yes, Form NFRA-1 must be filed by the auditor of such an LLP. The responsibility to file NFRA-1 lies with the auditor, not the LLP.
Harini Desu
CA Final
★ 2K+
3
240
Mutual Funds
AFM
answered on 26-Apr-25 19:21
previously Mr. Alex was investing 10% of this time to manage his portfolio by investing in equity shares and earn a return of 15 %. Now by investing his entire portfolio into Multicap fund assuming he will spend the 10% of his time on profession and earn income in same proportion of 15%. My doubt, currently instead of his professional income up by 15% (Same returns earned while investing in shares) why we are considering 10 % as additional professional income.
latest answer
Because Question clearly said so "If he spends this time on profession, his professional income will go up in same proportion."
Shinisha Rose R
CA Final
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1
193