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CACSCMACBSEICSEMaharashtra BoardGujarat BoardHaryana BoardKarnataka BoardDelhi BoardTelangana BoardTax & GST

Tax & GST

Is the new tax regime the default now, and can a salaried person switch back to the old regime every year?

I'm salaried and confused about old vs new tax regime under Section 115BAC. If I don't choose anything, which regime applies? Can I change every year?

new tax regimeold tax regimesection 115bacsection 202income-tax act 2025GradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

Tax & GST

What is reverse charge mechanism (RCM) in GST and who pays the tax?

I keep reading about reverse charge in GST. In which cases does the receiver pay GST instead of the supplier, and can the receiver take input tax credit of it?

reverse chargercmgstcgst actGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

Maharashtra Board · Maharashtra Board 10th · Mathematics (Algebra)

How do I solve linear equations in two variables using Cramer's rule (determinant method)?

Maharashtra Board SSC Algebra, Linear Equations in Two Variables: when I solve by Cramer's rule, how do I set up the determinants without mixing up the order?

cramer ruledeterminantslinear equationsssc algebraGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

ICSE · ICSE 10th · Physics

What is the principle of moments and how do I solve lever problems in ICSE Physics?

ICSE Class 10 Physics Force chapter: how to apply the principle of moments to a metre rule balanced on a knife edge? I keep making mistakes with distances.

principle of momentsmoment of forceleversicse physicsGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

ICSE · ICSE 10th · Mathematics

How do I calculate GST in ICSE Class 10 Maths for intra-state and inter-state sales?

ICSE Class 10 GST chapter: I get confused between CGST, SGST and IGST, and how to find input tax credit and the tax payable by each dealer in a chain.

gstcgst sgst igstinput tax crediticse class 10 mathsGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CBSE · CBSE 12th · Physics

What is the relation between drift velocity and electric current?

Class 12 Current Electricity: how is I = neAvd derived and how does drift velocity depend on electric field and temperature?

drift velocitycurrent electricityclass 12 physicsGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CBSE · CBSE 10th · Science

What is the difference between a displacement reaction and a double displacement reaction?

Class 10 Chemical Reactions and Equations: I mix up displacement and double displacement reactions. Is precipitation the same as double displacement?

displacement reactiondouble displacementchemical reactionsclass 10 scienceGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CBSE · CBSE 10th · Mathematics

How do I find the nature of roots of a quadratic equation using the discriminant?

CBSE Class 10 Quadratic Equations: questions ask to find k for which the roots are equal or real. How does the discriminant work?

quadratic equationsdiscriminantnature of rootsclass 10 mathsGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CBSE · CBSE 12th · Economics

What is the difference between GDP at market price and NNP at factor cost (national income)?

Class 12 Macroeconomics: I always get confused between the aggregates. How do I go from GDP at market price to national income?

national incomegdpnnp at factor costmacroeconomicsGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CBSE · CBSE 12th · Mathematics

How do I decide which function to take as first in integration by parts (ILATE rule)?

Class 12 Maths integration by parts. My teacher said ILATE but in some questions it doesn't work. How should I choose u and v?

integration by partsilateintegralsclass 12 mathsGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CBSE · CBSE 12th · Accountancy

What is the difference between sacrificing ratio and gaining ratio in partnership?

Class 12 Accountancy: I get confused about when to use sacrificing ratio and when to use gaining ratio, especially for goodwill adjustment.

sacrificing ratiogaining ratiopartnershipgoodwillGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CMA · CMA Final · Strategic Cost Management (SCM)

What is the difference between target costing and kaizen costing?

CMA Final SCM theory questions ask about target costing and kaizen costing. They both reduce cost, so how are they different?

target costingkaizen costingstrategic cost managementcma finalGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CMA · CMA Inter · Financial Accounting (FA)

What is the difference between the straight line method and the written down value method of depreciation?

In CMA Inter Financial Accounting, which depreciation method gives a higher charge in early years and how do I change from one method to the other?

depreciationslmwdvas 10GradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CMA · CMA Inter · Cost Accounting (CA)

How do I calculate Economic Order Quantity (EOQ) and what does it actually mean?

I'm preparing for CMA Inter Cost Accounting. I can apply the EOQ formula but I don't really understand why it works, and questions with discounts confuse me.

eoqinventory controlcost accountingcma interGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CS · CS Executive · Capital Market & Securities Laws

What is the difference between the primary market and the secondary market?

In CS Executive Capital Market, I need to write the difference between primary and secondary markets with examples. What points should I cover?

primary marketsecondary marketipocapital marketGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CS · CS Executive · Jurisprudence, Interpretation & General Laws

What is the difference between the literal rule and the mischief rule of interpretation?

I'm preparing interpretation of statutes for CS Executive JIGL. How do I explain literal rule vs mischief rule with case laws?

interpretation of statutesliteral rulemischief rulejiglGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CS · CS Executive · Company Law & Practice

What is the difference between an ordinary resolution and a special resolution under the Companies Act, 2013?

I'm preparing this for CS Executive Company Law. I know special resolution needs more votes but I'm not clear on the exact rule and examples.

section 114ordinary resolutionspecial resolutioncompanies act 2013GradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Final · Advance Financial Management

What is the difference between forward contracts and futures contracts in AFM?

In CA Final AFM derivatives and forex, I need to write a theory answer on forwards vs futures. Which key points should I cover?

forwardsfuturesderivativesafmGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Final · Financial Reporting

What is the five-step model of revenue recognition under Ind AS 115?

Ind AS 115 is huge in CA Final FR. Can someone explain the five steps in simple terms with an example so I can apply it in case studies?

ind as 115revenue recognitionfive-step modelfrGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Foundation · Accounting

How do I identify capital expenditure and revenue expenditure in CA Foundation questions?

In CA Foundation Accounting, I lose marks on capital vs revenue expenditure questions. Things like repairs, installation charges and legal fees confuse me.

capital expenditurerevenue expenditureca foundationaccountingGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

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