Forums
inclusions- Value of supply
Indirect Taxation
answered on 25-Feb-25 12:17
In the example given for section15(2)(b), Testing agency is also required to pay GST for such 1lakh rupees for the services provided by him, so doesn't leads to double taxation of rupees 1 lakh
latest answer
Good that it is clear !!
Nisha M
CA Final
★ 2K+
3
206
Absolute ratio
Financial Management
answered on 24-Feb-25 14:12
How are marketable securities an absolute asset? Please explain
latest answer
Absolute assets are those which are equivalent to cash or can be readily be converted to cash refer page 3.7 of icai material - link below and also attached screenshot https://resource.cdn.icai.org/81825bos65985-cp3.pdf
Labdhi Jain
CA Inter
★ 180
1
191
Rule 86B
Indirect Taxation
answered on 24-Feb-25 17:19
Good morning sir! Rule 86B applies to a registered person only if his taxable supply in a month exceeds ₹50 lakhs. What if the registered person's taxable supply in a month is less than ₹50 lakhs sir? Can he utilize 100% of his electronic credit ledger balance instead of using 99% of it and balance 1% from electronic cash ledger sir?
latest answer
Yes he can. Since the rule 86B does not apply.
Viveka R
CA Inter
★ 3K+
2
263
NRV
Financial Reporting
answered on 24-Feb-25 10:00
as empty bottles are not scrap and valued as per as-2, i.e cost or NRV which ever is lower... what is the cost of empty bottle sir, is it assumed that NRV is the value of inventory and equal to cost
latest answer
Generally you would estimate the cost of the bottles. If not available, NRV can be considered as representing cost.
suresh khannanl
CA Final
★ 3K+
1
218
PGBP
Direct Taxation
answered on 24-Feb-25 17:20
How to Compute presumptive Income
latest answer
Based on business or profession. If business then apply 44AD else apply 44ADA for professional.
Fathima Binth Musthafa
CA Inter
★ 580
2
227
PRE CONSTN PERIOD INTEREST
Direct Taxation
answered on 24-Feb-25 17:24
SIR, If for a house property the loan has been repaid in prev FY and date of completion is in succeeding FY then can i avail pre construction period interest
latest answer
If loan is taken in one FY and property is completed is another FY then pre construction interest would apply.
Sandeep
CA Inter
★ 50
1
241
PRE CONSTRUCTION INTEREST
Direct Taxation
answered on 24-Feb-25 17:25
SIR, for reconstruction of a house property also the same preconstruction period interest concept is applicable or not
latest answer
No. pre construction concept is only for acquisition or construction.
Sandeep
CA Inter
★ 50
1
227
Bonus issue after the reporting period but before FS approved
Financial Reporting
answered on 24-Feb-25 10:04
Sir in case for Bonus issue after the reporting period but before FS approved, does this will be considered in the EPS calulation ?
latest answer
Yes
Hemachandra D
CA Final
★ 9K+
1
244
Portfolio Mgmt- Dividend yield
AFM
answered on 24-Feb-25 14:10
On what should we calculate dividend yield % based on current year market price or previous year price (investment) In Q15, dividend yield is calculated on PY price whereas in Q45, it is calculated on CY Price. Please suggest which one should be preferable in the exam.. To elaborate In Q15, for Krishna Limited we took 22/245 (PY stock price) for dividend yield in year 2012-13 whereas in Q45, while computing dividend yield we took 8.5/147(CY price) for year 2009-10.
latest answer
I have changed the solution after acai New Material came out and i had revised the solution in 2024. I have updated the video and also updated the PDF notes on this .In the introduction chapter i also have a spreadsheet titled " List of updated/corrected videos for minor errors"- in that also i highlighted the change in solution for Q 45 in PM chapter. These updates are available in book we printed late last year but are available on our PDF version of the notes which is available in the intro chapter for all enrolled students In both cases the yield has to be computed on PY value only like in Q 15
Raviteja Kusumanchi
Qualified CA
★ 42K+
1
204
Bonus kind of eliment in the Rights issue and Options/Warants
Financial Reporting
answered on 24-Feb-25 10:06
Sir in case where there is Bonus kind of eliment in the Rights issue , we will consider that bonus eliment was as if from the beinging of the year for Both Basic EPS and Diluted EPS and in case where there is Bonus kind of eliment Options/Warants, we will consider that bonus eliment was as if from the begining of the year only for Diluted EPS and Not Basic EPS calulation Am i Right ?
latest answer
In case of options and warrants, shares are not yet issued. hence it will only be considered for diluted earnings.
Hemachandra D
CA Final
★ 9K+
1
247