Forums
Transport Carrier
Direct Taxation
answered on 20-Dec-25 07:36
Sir, since the amount paid to the transport carrier does not exceed ₹35,000, it is not disallowed and hence allowable as a deduction. So, we should reduce it from the net profit, right sir? Then why was this transaction ignored? [Video Time Stamp: 00:06]
latest answer
Thank you Sir
Priya Ravi
CA Inter
★ 55K+
2
59
Book Profit
Direct Taxation
answered on 19-Dec-25 19:38
Sir, in this sum book Profit is 4,90,000. So allowable deduction is 5,40,000 as per FA 2024? Because upto 6L - Higher of: 3L or 90% of 6L , which is 5,40,000. [Video Time Stamp: 10:55]
latest answer
Yes right.
Priya Ravi
CA Inter
★ 55K+
2
73
12months or 11months
Direct Taxation
answered on 21-Dec-25 12:24
Rent received (11M - 1M vacant) since property purchased on 1st may? [Video Time Stamp: 16:31]
latest answer
Got it. If property is there only for 11 months then only 11 months rent to be considered. Please note the change.
Mahendran Ravichandran
CA Inter
★ 270
4
67
Value of Supply
Indirect Taxation
answered on 19-Dec-25 19:32
Hello Sir, why freight charges are not considered as composite supply in this question? [Video Time Stamp: 03:15]
latest answer
It is like composite only. In question they asked only about value of supply.
Mohamed Kaiz
CA Inter
★ 2K+
1
49
Depreciation
Direct Taxation
answered on 20-Dec-25 07:33
Sir, If it is not manufacturing concern then P&M installed in office we can claim depreciation but not additional depreciation right sir? [Video Time Stamp: 02:03]
latest answer
Thank you Sir
Priya Ravi
CA Inter
★ 55K+
2
55
Spreads
CFA
answered on 20-Dec-25 10:24
Pls explain what is spreads and how brokers in stockmarket earn money via spreads
latest answer
First 2 points correct Market quotes refer to Bid & ask depending on your transaction. If you place a market buy order trade will get executed at the prevailing ask price If bid ask spread is wide it means you are being charged a very high price when you buy and very low price when you sell
Dhakshana Dhakshana
CFA L2
★ 18K+
3
64
Confusion on why we didn't add closing stock to adjusted purchases
Accountancy
answered on 18-Dec-25 16:25
Sir why didn't we add closing stock to adjusted purchases and take gross purchases to P&L just like we did in illustration 1
latest answer
Acha okay sir tq
Vandana Haripriya doddi
CA Inter
★ 2K+
2
71
Illustration 9
Financial Reporting
answered on 22-Dec-25 15:26
Sir as per Ind AS 37 the 10% is not recognised as the oil extraction event has not been started. But as per Ind AS 16 it will be recognised at 100% or only 90% Sir? [Video Time Stamp: 09:00]
latest answer
90% only. Since 10% Is linked to operations so as an when extracted, it will be recognised as Dr to Inventory and Cr to Liability
Selvakumar R
CA Final
★ 165
1
53
ill 18
Financial Management
answered on 18-Dec-25 08:52
Sir in the qn the cost is same but rate of cost is different (12,8.4) . whether we have to consider only cost given is same or not or Fixed cost ( 16800,24000) is same or not [Video Time Stamp: 08:47]
latest answer
We are looking fixed cost on absolute rupees basis after adjusting for tax Percentage does not matter
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
54
Consolidation
Accountancy
answered on 19-Dec-25 11:27
Sir, please explain why bonus shares considered for calculating cost of control, if it issued from post acquisition reserve doubt from illustration 9 in ICAI study material
latest answer
Thank you Sir
Bhuvaneswari Ravi
CA Inter
★ 4K+
2
69