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Classified as Held for sale illustration -12
Financial Reporting
answered on 11-Mar-25 15:23
Sir, As you mentioned in situation 2 and the company is aware of land contamination and it's not available for sale in its present condition. Same in situation 3 the company is aware of land contamination and you said it's not available for sale in its present condition and not classified as held for sale as per ind as 105. Can you explain why it is not .??
latest answer
Okay Sir. Thank you
K Vamshi
CA Final
★ 14K+
2
160
What is real and nominal
AFM
answered on 08-Mar-25 17:57
nominal" refers to the current price of something, while "real" refers to that same value adjusted for inflation, In answer after adjusting inflation getting nominal cash flow? How Confusing What is real and nominal
latest answer
Nominal refers to current which has inflation Real is without inflation
Ramamoorthy Kaliyaperumal
CA Inter
★ 3K+
1
357
Depreciation for Machinery
Financial Reporting
answered on 11-Mar-25 10:46
Hi Sir, Shouldn't we compute Depreciation for Machinery before computation of DTL
latest answer
Here information on depreciation for tax purpose is not given. Also first we compute depreciation and then carry out revaluation. if all information was given, we would have computed depreication and then revaluation. Also computed tax base post depreciation and computed deferred tax.
priyadharshini priya
CA Final
★ 2K+
1
188
Documentation
Auditing
answered on 08-Mar-25 22:41
What's the difference between documentation and report in an audit
latest answer
Report is the submission made my the auditor to the client which includes opinion . The basis on which opinion is given is captured in documentation.
Sri Kanth
CA Inter
★ 650
4
245
DTL for increase in liability
Financial Reporting
answered on 11-Mar-25 10:43
Hi Sir, Shouldn't we recognise DTL for increase in value of Creditor.
latest answer
Tax base will also increase.
priyadharshini priya
CA Final
★ 2K+
1
201
sec 40a
Direct Taxation
answered on 13-Mar-25 10:23
if a company pays TDS after due date,, then it will be disallowed in current year and allowed in the next PY if payee is resident will 30%(like previous case where TDS isnt collected) be disallowed or full 100%?
latest answer
If payee is NR then 100% is disallowed. If payee is resident then 30% shall be disallowed.
Rania D'souza
CA Inter
★ 650
2
207
Market Capitalisation - Formula
AFM
answered on 08-Mar-25 12:55
Whether the formula for market cap is "Outstanding shares X Price of a share" or "Value of core business + Value of surplus cash + Value of investments"
latest answer
Also from core business we need to subtract debt
Nitin Raj
CA Final
★ 270
2
204
SPECULATION BUSINESS
Direct Taxation
answered on 12-Mar-25 16:19
SIR. Is only intraday trading contained in speculation busness, what is meant by speculation business?
latest answer
Where there is no physical delivery. As of now, only intra day trading is covered here.
Sandeep
CA Inter
★ 50
2
235
Taxation Law
Direct Taxation
answered on 10-Mar-25 10:05
I am a law student and have selected taxation law as optional subject. My primary goal is to study the Income Tax Act and the GST Act. Can Taxation Law course (photo of the course is attached) help me for the same. Attached herewith is the syllabus for taxation law (kindly ignore the acts which are repealed) and the course for which I am seeking guidance.
latest answer
Our course covers Income Tax ACt as per the below syllabus. https://resource.cdn.icai.org/82587bos66699-ip.pdf If this serves your purpose, you can enrol
60_Siddhi Phatkare
CA Inter
★ 0
2
260
House Property
Direct Taxation
answered on 10-Mar-25 07:54
It's ans is 350000 but how. Anyone explain me
latest answer
Ok. Thank you
Lathika
CA Inter
★ 6K+
2
198