366 days or 365 days for A.Y.2016-17?
castdnt (ipcc) (292 Points)
17 October 2016
how many days should i use in ipcc tax paper as icai has used 366 days in practice manual?
3 Replies
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 17 October 2016
Generally, it's specified in the question paper about the no. of days to be taken for calculation. As year 2016 is a leap year, ICAI PM considered it as 366 days as the A.Y.2016-17 means computation for P.Y.2015-16 which includes the month February.
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 17 October 2016
You can also specify your assumption in the answer regarding the no.of days taken for calculation purpose if nothing is specified in the question.
Recent Topics
- Gst rule 96(10) PURCHASE AT GST 0.1% RATE (NOTIFIC
- Ways To Recover Locked Funds From Online Investmen
- CHG1 on MCA PORTAL and CA certificate u/s. 281 of
- Https://www.facebook.com/elitegrowxlmaleenhancemen
- Carry forward losses from old regime to new regime
- GSTR -1A
- Surcharge on TDS on sale of property by NRI
- Material not movement
- GST 3B -Input tax credit
- Rules for assessing revised return.
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
