powered by logo

Forums

Payment of tax

Indirect Taxation

answered on 10-Apr-25 18:08

Why is answer C ?................

latest answer

ISD does not maintain cash ledger. It is only for distribution of ITC.

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

2

209

Engagement Letter

Auditing

answered on 10-Apr-25 07:31

Engagement Letter is given by auditor to the management of the company but in the current question the engagement letter is given by management to the auditor

latest answer

You are right. It’s engagement letter by auditor to the management. Here interpretation is they are agreeing the terms given in there .

Ravaneeth

Ravaneeth

CA Inter

430

1

235

Clarification Regarding Eligibility for January 2026 CA Final Examination.

Exams

answered on 08-Apr-25 14:37

Sir, I cleared both groups of Intermediate examination by July 2023, completed advanced ICITSS & going to complete 2.5 years of articleship by 28th December 2025. Kindly confirm: 1. Am I eligible for the January 2026 CA Final 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗶𝗻𝗴 SPOM Sets A & B? 2. Can Sets A & B be completed 𝗮𝗳𝘁𝗲𝗿 𝗰𝗹𝗲𝗮𝗿𝗶𝗻𝗴 the Final exams but before application of membership?

latest answer

https://youtu.be/iJg8RKf56IA

SOWMYA N

SOWMYA N

CA Final

130

3

382

OIDAR Service

Indirect Taxation

answered on 10-Apr-25 18:09

Access to e-book, music, movie permitted only online, but not allowed to download for transmission is covered under OIDAR service or not?

latest answer

Yes.

Pradeep Ravikumar

Pradeep Ravikumar

CA Final

1K+

1

192

Charge

Corporate & Other Laws

answered on 18-Apr-25 12:56

Charge needs to be created on Adhoc overdraft too ?

latest answer

For Adhoc OD, generally Charge is not created. But if created, it must be registered.

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

4

272

CA INTER FAST TRACK BATCH MAY 2025

Accountancy

answered on 09-Apr-25 17:08

01 Hrs : 11 min Sir, goods in transit no entry needed, But in this question we made a JE, can you explain it little more?

latest answer

We will pass entry since it has to be shown as inventory and payable in branch books. HO would have already recorded dispatch entry.

G K

G K

CA Inter

13K+

1

248

Tds tcs gst

Indirect Taxation

answered on 10-Apr-25 18:12

Why is answer invalid ?............

latest answer

If any service is covered in Section 9(5) then it is not covered under TCS since for the transactions covered in Section 9(5) ECO is liable to pay GST.

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

1

177

Captail Budgeting

AFM

answered on 08-Apr-25 13:57

One problem I am not able to solve in capital budgeting. Is it printing mistake or I am making mistake in calculation I am not clear. Row marked in yellow I am not able to match the equation

latest answer

Numbers appear correct. What are your workings pls share them

swaminathan sundaram

swaminathan sundaram

CA Final

110

1

164

Investment Property

Financial Reporting

answered on 25-Jul-25 11:56

If the building has 10 floors, in that first 5 floor is rented (operating lease) to its subsidiary company for business purpose and next 5 floor is occupied for its own business. Now, how we will classify first 5 floor rented to subsidiary company. Whether we will classify as Investment property or PPE.

latest answer

You also need to check sub lease accounting as per Ind AS 116.

Nivethithaa S

Nivethithaa S

CA Final

2K+

4

189

Eway bill

Indirect Taxation

answered on 10-Apr-25 18:12

Is that only registered person can generate Eway bill ?

latest answer

Even unregistered person can generate ewaybill by enrolling on the ewaybill portal.

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

3

208