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refund of import duty
Indirect Taxation
answered on 16-Jan-26 16:56
sir, is we required to 1. export 2. relinquish 3. destroy the goods with in 30days. as 30 days condition is not present in the material [Video Time Stamp: 16:57]
latest answer
Yes we should.
santosh durgapu
CA Final
★ 2K+
1
48
Tax computation
Direct Taxation
answered on 16-Jan-26 17:00
For the AY 26-27 there is only STCG and transfer of virtual digital assets basic exemption can be set off or not?
latest answer
For VDA we cannot but if there is any other STCG then we can.
Devisree
CMA Final
★ 0
1
48
Tax calculation
Direct Taxation
answered on 16-Jan-26 17:00
Basic exemption can be set off against special rate income?
latest answer
For resident individual we can set off in case of Section 112 and 111A but not Section 115BB
Devisree
CMA Final
★ 0
1
47
Buy back
Accountancy
answered on 06-Jan-26 09:48
In resource test Paidupshare cap include preference share capital or not In share outstanding ? In debt equity test in equity prefrence share cap included ?
latest answer
Shares Outstanding Test: Number of shares to be bought back should not exceed 25% of the Equity shares outstanding in the financial year Resource Test: Amount to be used for buy-back of shares should not exceed 25% of the Total Paid up Share Capital AND free reserves of the company. (for equity buy back we use equity only) Debt to. Equity : Paid up capital (Including Pref)
Sri ram Pothineni
CA Inter
★ 11K+
1
78
Working capital Management
Financial Management
answered on 05-Jan-26 17:02
I want Segregation for this Domestic and Export sales for calculation of Debtors Any Method available Sir ? I'm trying in this way
latest answer
Receivable days is computed on COS not on Sales value COGS = Sales - GP COS = COGS + Selling Exp Dom sales = 18 lacs Dom GP rate = 20% Dom COGS = 18 - 20% x 18 = 14.4 lacs Dom COS = 14.4 + Selling Exp Export Sales = 8.1 lacs GP on exports Idea GP is 20% on Ideal SP Export current SP is 10% below ideal SP = 90% of Ideal SP Current SP = 8.1 which is 90% of ideal SP IDeal SP is 8.1/.9 = 9 lacs Ideal GP on exports = 9 x 20% = 1.8 Actual COGS = 9 - 1.8 = 7.2 Actual GP = Current SP - Actual COGS = 8.1 = 7.2 = 0.9 Actual COS = Actual COGS + Selling expenses Total Selling exp = 112500 apportion in ratio 18:8.1 i.e 77586: 34914 Adding Selling Exp to COGS we get Cash COS
Eswar Aakash
CMA Final
★ 57K+
5
65
Articleship registration
Others
answered on 14-Jan-26 06:37
Sir I'm registering for articleship, I filed 102 and principal approved then I submitted....can anyone explain to me about the process after submission and please tell me how many days it took to approval by the icai regional office??? And what to do with 102 downloaded pdf
latest answer
Ok sir... Thank you
Priyanka R
CA Final
★ 20K+
4
74
As14
Accountancy
answered on 04-Jan-26 20:40
Sir , in case of AMALGAMATION in nature of merger , what adjustment should to be done for excess of what we get than what we paid ?
latest answer
Ok sir thank you
Nagachaitanya Nomula
CA Inter
★ 8K+
2
58
JANUARY 2026 CA INTER EXAMS
Exams
answered on 04-Jan-26 20:31
I applied for January 2026 Examinations, I prepared only paper 3 some what better. If i write only paper 3 and other 2 will be absent By Luck if i score 60+ Marks, i will get exemption in that paper? For the next attempt I will write only 2 papers ?
latest answer
No , you have to be physically present for all papers even if you write nothing/ something
MACHAVARAM KRISHNA VAMSI
CA Inter
★ 540
1
79
Tax calculation
Direct Taxation
answered on 05-Jan-26 12:58
Whether deduction and rebate claimed against special rate income?
latest answer
No. Not allowed.
Devisree
CMA Final
★ 0
1
56
Rule 43 and 32(5)
Indirect Taxation
answered on 05-Jan-26 12:48
if a machinery purchased on 10 jun 2024 for exclusive use of exempted supply. On 10 jan 2025 it is used for both exempted and taxable supply now how many quarters will be considered for the reversal under rule 43, whether 3 quarters or 4 quarters?? Also clarify for Rule 32(5) repossession .
latest answer
4 quarters. Part of quarter is considered as full quarter.
SURESH KUMAR RSK
CA Final
★ 200
2
61