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How to tax

Indirect Taxation

answered on 21-Mar-25 20:07

Sir,how we tax the two cases 1,2 (Gst on 20000 separately and 100000 separately like generate two invoices in two dates) I'm right or wrong please confirm sir

latest answer

Thank you very much sir for clarity

Santoshkumar Kalisetti

Santoshkumar Kalisetti

CA Final

2K+

2

205

Why entries not for transaction cost

Financial Reporting

answered on 17-Mar-25 09:37

Is this not required to JE for transaction cost

latest answer

It is recorded at net amount. So separate entry for transaction cost is not required.

Ramamoorthy Kaliyaperumal

Ramamoorthy Kaliyaperumal

CA Inter

3K+

1

185

Holding company and Subsidiary

Corporate & Other Laws

answered on 17-Mar-25 09:48

Please see the photo and explain the reason briefly

latest answer

“subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company), means a company in which the holding company— (i) controls the composition of the Board of Directors; or (ii) exercises or controls more than one-half of the total voting power either at its own or together with one or more of its subsidiary companies: The words used is either on own or together with subsidiaries. So a subsidiary can be controlled through another subsidiary as well - without directly owning any stake

Chan Dra

Chan Dra

CA Final

0

4

222

Illustration on Cash Flow Hedge

Financial Reporting

answered on 16-Mar-25 16:27

Why are the FV gains/losses taken to OCI?

latest answer

Say - A company forecasts to make a purchase in USD in 6 months. It enters into a forward contract to hedge against changes in the exchange rate. There is a gain on forward contract. The transaction of purchase has not yet happened and has not impacted the P&L yet. Hence the gain or loss on such hedge is recognised in OCI.

Ruthvik Reddy Adala

Ruthvik Reddy Adala

CA Final

5K+

1

166

MCQ

Indirect Taxation

answered on 21-Mar-25 12:09

Place of supply MCQ'S are not available to solve on app in MCQ window

latest answer

Ok. Will get them added.

Shwetha Ram

Shwetha Ram

CA Inter

6K+

2

201

SELF-PACED ONLINE MODULE TEST (SPMT)

Exams

answered on 16-Mar-25 12:54

Sir I have passed PE-2 both groups in 2006 completed articleship and registered for final in 2007 and completed AICITSS in 2022. But after registering for Final since 2007 I did not appear in any Final exams but had applied earlier. Do I need pass SET A&B of SELF-PACED ONLINE MODULE TEST (SPMT) if I want to appear in First group only in 2025.

latest answer

No

Noushad ck

Noushad ck

CA Final

0

1

285

Risk Assessment and internal control

Auditing

answered on 17-Mar-25 08:05

Anyone pls clarify this..Answer is given as Option B

latest answer

Ok mam..Thank you mam!🙏🏻

Sr the Unique

Sr the Unique

CA Inter

10

3

327

Change of name of LLP sec(17)

Corporate & Other Laws

answered on 17-Mar-25 12:47

In this section 17 of LLP act this is not understandable and a little bit confusion

latest answer

This is covered in the Lectures in detail kindly watch them properly we have covered each and every aspect of this section.

M Pavan

M Pavan

CA Foundation

290

1

172

Right of outgoing partner in certain cases to share subsequent profits sec(37)

Corporate & Other Laws

answered on 17-Mar-25 16:38

Last Mark two lines are not understandable?

latest answer

Kindly read the section as a whole and you will understand the crux of the last two lines also go through the lecture again every detail has been covered in the lectues.

M Pavan

M Pavan

CA Foundation

290

1

171

Effect of. Admission (representation) by a partner

Corporate & Other Laws

answered on 17-Mar-25 16:36

In this section (23) the last line is not understandable?

latest answer

In case of disputes between partners it will not have the same impact.

M Pavan

M Pavan

CA Foundation

290

1

175