Forums
Leave salary
Direct Taxation
answered on 04-Apr-25 15:19
Accumulated leave means leave credit Why in solution its solved as leave availed Wrt 13 d point Solution attached at side of the pdf
latest answer
Okay... thank u
Sushmita Chowdhury
CA Inter
★ 2K+
7
229
July 15 Q1
AFM
answered on 02-Apr-25 07:10
Here for july quarter we have taken rate as 8+2 is this because quarter starts from April and hence taken april rate of 8%. As rate for 15 july is 8.4 %
latest answer
Rate
Hrishikesh Pradhan
CA Final
★ 18K+
1
213
convexity formula
AFM
answered on 02-Apr-25 07:14
why delta y square is not multplied, 2 was in denominator and 100 we can understand.
latest answer
I had been multiplied 0.001 power 2
Sairam Pv
CA Final
★ 610
1
217
INTEREST
Accountancy
answered on 09-Apr-25 17:19
Sir Is it like the interest expense amount 10,000 is outstanding and the interest amount 10,520 actually paid Why are not taking the 10520 when computing cash flow from operations We would have deducted in profit and loss account
latest answer
What we have considered in P&L as expense is added back. What is paid in cash is deducted as a cash outflow.
AKASH V
CMA Final
★ 290
1
267
recap
Direct Taxation
answered on 02-Apr-25 20:09
incase of ltcg and stcg......u have mentioned old rates ....as per new tax rules......section 112 and 111a has differnet rates and not 20 and 10 percent.....clarify this .....if im wrong please correct me
latest answer
If transfer is made before 23/7/2024 then 1L limit will apply.
Nandhini Sekar
CA Inter
★ 400
3
208
video no.30 basic concept
Direct Taxation
answered on 01-Apr-25 20:33
In example mr.A total income comes below 5 lac then why we shouldn't calaculate rebate
latest answer
That was just for practice. If TI is less than 5L for resident individual then definitely rebate will apply.
gayathri sivagurunathan
CA Inter
★ 920
1
234
last illustration
Direct Taxation
answered on 05-Apr-25 17:40
in the given case, how can mr.A be treated as RNOR, If he has satisfied only 2nd basic condition and that too not togetherly?.......
latest answer
Only if both additional conditions are met then only the person will be ROR else he will be regarded as RNOR.
Nandhini Sekar
CA Inter
★ 400
1
186
Ethics
CFA
answered on 01-Apr-25 17:54
A CFA candidate who is working in an investment bank gets involved in a physical altercation with his colleague in a restaurant after his work timing Does he violated any of the standards??
latest answer
Nope
Dhakshana Dhakshana
CFA L2
★ 18K+
1
163
GST REGISTRATION
Indirect Taxation
answered on 28-Jul-25 16:08
SIR. could a NRTP individual take registration on basis on tax identification number
latest answer
Yes, a Non-Resident Taxable Person (NRTP) can apply for GST registration in India using their Tax Identification Number (TIN) or similar government-issued identification from their country of residence. As per GST law: - An NRTP is a person (individual or business) who occasionally undertakes taxable transactions in India but does not have a fixed place of business or residence in India. - For NRTP registration, the applicant is required to submit: - A valid passport (for individuals) - Or a Tax Identification Number (TIN) or equivalent document (for foreign businesses or entities) Rule Reference: - Under Rule 13 of the CGST Rules, a non-resident person (not being a citizen of India) can apply for GST registration using: - Their tax identification number (like SSN, EIN, etc.) issued by the foreign government, or - Any unique identification number issued by the government of their country. Additional Requirements for NRTP Registration: 1. GST REG-09: Application form for NRTP registration. 2. Advance deposit of estimated GST liability (mandatory). 3. Registration is valid for 90 days, extendable by another 90 days. 4. Appoint an authorized representative in India. Conclusion Yes, NRTPs can register for GST in India using their Tax Identification Number from their home country. It is a recognized and acceptable document under Indian GST rules for NRTP registration. Feel free to contact a Taxation and GST Experts’ firm/company like Setindiabiz to gain professional consultation.
Sandeep
CA Inter
★ 50
2
261
FSA
CFA
answered on 02-Apr-25 10:30
Kindly Answer this question....
latest answer
Given the license can be renewed at minimal cost. We can consider its life as indefinite. Therefore it is not amortized. It is carried on the balance sheet at historical costs and annually checked for impairment. Option A is the right answer
Dhakshana Dhakshana
CFA L2
★ 18K+
2
155