Dear Students, The topics covered in this document are relevant changes for May 15 IPCC-IT exams. Students referring my notes can link changes with me IPCC-IT book applicable for Nov14 exams. For any query post your query @ kunalsir.in Chapter 1 download notes from kunalsir.in Chapter 2 (topic 14) Instruction Set Architecture (ISA): Instruction… Read More »
Offline CA CPT Registration (DD Mode) Application Form for Registration to Common Proficiency Test Course duly filled in and signed- Download from http://220.227.161.86/7505cpt_form.pdfDemand Draft drawn in favour of The Secretary, The Institute of Chartered Accountants of India, payable at New Delhi /Kanpur / Mumbai / Chennai / Kolkata Online CA CPT Registration Fill complete details… Read More »
This accounting standard is formulated for valuation of the inventory with the enterprise in the course of business. It explains about the different methods of accounting the inventory or closing stock. This valuation part of inventory is very important as it affects both revenue of the business and the asset. Because if valuation will be done… Read More »
Here we are providing 12 important questions on AS 6 Depreciation accounting. You can easily understand AS 6 after reading these questions (issues). Applicability AS 6 Depreciation though an old accounting standard is considered very significant, as it affects the preparation and presentation of financial statements for all enterprises. For the same reason, AS 6… Read More »
The concessions extended by the Institute of Chartered Accountants of India, to differently abled candidates, in CA examinations, inter alia include a) compensatory time and/or b) writer (scribe). Detailed guidelines in this regard are hosted in the students>examination section of www.icai.org Institute is in the process of building a panel of writers (scribes), in various… Read More »
1.X Ltd. has entered into a contract by which it has the option to sell its identifiedProperty, Plant and Equipment (PPE) to Y Ltd. for ` 100 million after 3 years whereas itscurrent market price is ` 180 million. Is the put option of X Ltd. a financial instrument?Explain.AnswerIt is necessary to evaluate the past… Read More »
1. CIT vs Kribhco(2012) 209 Taxman 252 (Del.)~~~~ INCOME FROM SALARIES ~~~~2. CIT(TDS) vs Director, Delhi PublicSchool(2011) 202 Taxman 318 (P & H)3. CIT vs Shankar Krishnan(2012) 349 ITR 685 (Bom.)~~~~ INC4. Azimganj Estate P Ltd(2012) 206 Taxman 308 (Cal.)5. New Delhi Hotels Ltd. (2014)(Del.)Selected cases – At a GlanceCA. Ashish Goyal, Advocate 1– BY… Read More »
Direct Tax Laws Amendments For May 2015 Summarized Rates of Income-tax (Annexure 1. PgHouse Property24 In case of SOP (where conditions of section 24) are satisfied, Limit for interest u/s. 24 shall be taken as` 2,00,000 instead of the earlier limit ofBusiness/ Profession Head43(5) As per present provision, a speculative transaction excludes:(a) Hedging transactions(b) Trading… Read More »
Direct Tax LawsFinal Ca Mock Test May 2015Page 1 of 8Total No. of Questions – 7Total No. of Printed Pages – 8Time Allowed – 3 Hours Maximum Marks – 100Question No 1 is compulsory &Answer any 5 from remaining 6 questions.All the Questions relates to Assessment Year 2015-16, unless otherwise stated in thequestions. 1. (A)… Read More »
1.X Ltd. has entered into a contract by which it has the option to sell its identified Property, Plant and Equipment (PPE) to Y Ltd. for ` 100 million after 3 years whereas its current market price is ` 180 million. Is the put option of X Ltd. a financial instrument? Explain. Answer It is… Read More »