Forums
Discontinued operation
Financial Reporting
answered on 30-Dec-24 14:38
Can you give an example for a part of a single coordinated plan to dispose of a single major line of business or geographical area of operations.
latest answer
Say a company has hardware and software divisions. Hardware division has two plants - In Bangalore and Pune. The company wants to sell hardware division. In the process the company wants to dispose bangalore plant and pune plant. Sale of Bangalore Plant is a part of single co-ordinated plan.
SANJITHA
CA Final
★ 55
1
195
Accounting in the books of the lessee
Financial Reporting
answered on 30-Dec-24 15:20
Why the lease incentive is not Adjusted against the future lease payment while calculating the lease liability? as the lease incentive should also be adjusted against the lease payments
latest answer
We are receiving the amount upfront. It is not reducing our liability in the future.
natarajan k
CA Inter
★ 3K+
1
691
TDS u/s 194P
Direct Taxation
answered on 02-Jan-25 23:51
Why do we add 10000 in tax payable computation?
latest answer
Correct.
Soon to be CA
CA Inter
★ 4K+
2
768
accounting in the books of lessee
Financial Reporting
answered on 30-Dec-24 15:23
in this question can we treat the advance payment of Rs.500000 is made before the commencement of the lease and also the lease payment being made at the end of each year instead of the beginning of the year.
latest answer
This is just an example for calculation purpose. We need to look at the exact wording of question to compute.
natarajan k
CA Inter
★ 3K+
1
637
Cost to Sell
Financial Reporting
answered on 30-Dec-24 15:25
Sir, Can we assume that transportation cost is also incurred by seller itself as question is not clear regarding who incurred the transportation cost.
latest answer
After purchase, transport cost was 1000 indicates it was paid by buyer.
Gunda Sharan
CA Final
★ 150
1
234
SPOM Applicability
Others
answered on 30-Dec-24 15:30
Sir, I completed My ca-inter in May 2023 . And I have written my first attempt ca final In May 2024. When it will be applicable? Is it before applying for membership? Or Before appearing for May 2025 ?
latest answer
ICAI has not clarified yet. Since A & B are testable in IBS, pls complete it.
M Naresh
CA Final
★ 3K+
1
741
CA FOUNDATION JUNE 2025
Exams
answered on 30-Dec-24 15:26
is ca foundation is may or June 2025? can anyone clarify the month please...
latest answer
Mostly May 25
Viswas
CA Foundation
★ 470
2
976
Tp concept I also not cover in 1fin books that why I referring icai study material side by side cross check I doing
Direct Taxation
answered on 30-Dec-24 12:38
Your teaching good excallance but ppt confusing me some
latest answer
Go by the content explained in the lecture. That is most important.
R G
CA Inter
★ 9K+
2
247
Sir this revision video lot of mistakes ppt not updates
Direct Taxation
answered on 30-Dec-24 12:37
I follow u sir whatever u teaching and speaking in this video because u teaching something it is taxable video ppt says not taxable Again u speaking it's fully exampt video ppt saying fully taxable sir Ppt lots of mistakes sir I hope it is correct i confused lots of time I am going my notes then revising then I understand this mistakes
latest answer
May be in PPT - Some place clerical error might be there but content explained is perfect and it is aligned with notes as well. Check the notes as well.
R G
CA Inter
★ 9K+
3
186
Tp = taxable perquisites for taxable current year
Direct Taxation
answered on 30-Dec-24 12:39
1)again u writen 1 Tp =taxable perquisites for taxable p.y baad me again u writen2) tp = taxable perquisites for taxable perquisites for taxable p y current year Is dono me mujhe kuch bhi nahi samza sir please explain in I confused which is correct which is wrong
latest answer
First one is based on perquisite for current year. Second year is based on accumulation. Refer our question bank.
R G
CA Inter
★ 9K+
2
779