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Direct Taxation

answered on 03-Jun-25 21:30

sir in the table you have written column heading as payable by govt., payable by resident and non resident. does it mean the tax payable by the govt., resident and non resident for the income earned as irf in the below cases?

latest answer

ok sir, thank you

Poojasree Shakthiraam

Poojasree Shakthiraam

CA Inter

25

3

184

Intro to ind As

Financial Reporting

answered on 03-Jun-25 14:37

Ind As will be applicable to Foreign co. Also (bcz of parent relation) because the subsidiary X has net worth 600 cr. Is it right?

latest answer

Section 2(42) of the Companies Act, 2013 defines a "foreign company" as any company or body corporate incorporated outside India that has a place of business or conducts business activities in India. Ind AS will apply to the foreign parent only if it has a place of business in India. If the foreign company does not have a place of business in India, Ind AS will not apply to it under Indian law, even if its Indian subsidiary applies Ind AS.

Naima Shaikh

Naima Shaikh

CA Final

270

1

159

sec 10(1) agricultural income

Direct Taxation

answered on 03-Jun-25 15:56

If I sell fruits and vegetables cultivated and grown in pots and land in my home premises, will it be considered agriculture income and it will be tax exempt

latest answer

Yes it will.

Raja P

Raja P

CA Inter

4K+

1

181

Clause 7

Auditing

answered on 03-Jun-25 19:27

Mam if CA clears ACCA then can he name as CA Mr.X ACCA?

latest answer

Yes you are allowed. You can use it as additional qualification . ACCA is permitted by icai.

Harini Desu

Harini Desu

CA Final

2K+

1

172

Permanent exemption

Others

answered on 14-Nov-25 19:04

how can i surrender my permanent exemption in sept 2025 attempt paper

latest answer

Thank you Sir

jay k

jay k

CA Final

0

9

563

Z score

AFM

answered on 02-Jun-25 13:15

@ 2.15 it is said '1.28 SD', I do not understand how that value was arrived.

latest answer

1.28

Jayanth

Jayanth

CA Final

6K+

1

189

Definition of consideration

Corporate & Other Laws

answered on 06-Jun-25 10:11

Is it possible to decode the meaning in such a way that the definition is remembered easily without mugging it by line and line. This definition given in book and video are to much complex

latest answer

Yes, it can be rephrased to make it easier.

Gurukanta Singh

Gurukanta Singh

CA Foundation

19K+

4

220

additional conditions for deemed resident

Direct Taxation

answered on 03-Jun-25 21:29

sir, will the additional conditions apply for deemed resident too? or will it only apply for resident u/s 6(1)?

latest answer

thank you. i got the answer in the following video too.

Poojasree Shakthiraam

Poojasree Shakthiraam

CA Inter

25

4

223

Merger

AFM

answered on 01-Jun-25 23:04

So, here in Illustration 1, part (i), when Y gets merged into X then Y doesn't exist. Then how come we can compute post merger EPS of Y?

latest answer

Thanks for the clarification. Clear now

Dhanushree Shanmugam

Dhanushree Shanmugam

CA Final

3K+

2

176

Portfolio management

AFM

answered on 01-Jun-25 18:43

Explain me confidence between two stocks.. Do I have to memorize the formula.. Or it will be helpful if you can explain in simple terms

latest answer

solution

Naima Shaikh

Naima Shaikh

CA Final

270

3

136