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Business Combination. Lecture No. 30
Financial Reporting
answered on 07-Jan-26 16:02
Hi Sir, In Illustration 13, Fair Value of the contingent consideration at the year end (31/03/20X2) is 2,20,00,000. And such change is withing the measurement period of 1 year and such contingent consideration is existent as on acquisition date. Then, shouldn't we compute Goodwill as on the closing date - 31/03/20X2 by considering the amount 2.2 crores of contingent consideration instead of 2.5 crores? And why did we not consider the same in the solution? I tried closely listening to what you told.. something about adjusting it in consolidated FS. Can you please explain the same and respond Sir.. Thanking you in anticipation
latest answer
Got it. Thankyou Sir.
Naina Vino kappen
CA Final
★ 875
8
113
FEMA
Corporate & Other Laws
answered on 07-Jan-26 22:41
Can anyone explain this to me , gift to brother exceeds $75000 for purchase of immovable property so why permission is needed as it is overall within limit of $250000
latest answer
Although the overall LRS limit is USD 250,000 per financial year, remittance by way of gift for purchase of immovable property abroad exceeding USD 75,000 requires prior RBI approval, as such transactions are treated as capital account transactions and are subject to stricter FEMA controls.
Nagachaitanya Nomula
CA Inter
★ 8K+
1
32
FEMA
Corporate & Other Laws
answered on 07-Jan-26 22:41
Can anyone explain this to me , gift to brother exceeds $75000 for purchase of immovable property so why permission is needed as it is overall within limit of $250000
latest answer
Although the overall LRS limit is USD 250,000 per financial year, remittance by way of gift for purchase of immovable property abroad exceeding USD 75,000 requires prior RBI approval, as such transactions are treated as capital account transactions and are subject to stricter FEMA controls.
Nagachaitanya Nomula
CA Inter
★ 8K+
2
29
Intermediate exam
Accountancy
answered on 08-Jan-26 13:00
For the accounts exam in the internal reconstruction question I wrote capital redemption a/c instead of capital reconstruction account in the journal throught the question will l loose my entire marks
latest answer
Not entire marks.
Swania Shaji
CA Inter
★ 0
1
41
Tansfer of right or title of goods
Indirect Taxation
asked on 06-Jan-26 18:34
Sir have a doubt. the construction of building is completed but still we did't get completion certificate from competent authority. Mr.A who paid entire amount for the building now the entire amount is taxable under gst?
latest answer
No answers yet!!
Devathi Sai
CMA Final
★ 150
0
13
Salaries
Direct Taxation
asked on 06-Jan-26 14:44
When accommodation is owned by the employer and gardener is provided by employer itself, it is not considered as a perquisite right?
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No answers yet!!
Punitha Krishnaraj
CA Final
★ 5K+
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23
refund of import duty
Indirect Taxation
asked on 06-Jan-26 02:59
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]
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No answers yet!!
santosh durgapu
CA Final
★ 2K+
0
21
Tax computation
Direct Taxation
asked on 06-Jan-26 02:06
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
No answers yet!!
Devisree
CMA Final
★ 0
0
14
Tax calculation
Direct Taxation
asked on 05-Jan-26 23:26
Basic exemption can be set off against special rate income?
latest answer
No answers yet!!
Devisree
CMA Final
★ 0
0
14
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
41