Forums
time
Direct Taxation
answered on 25-Nov-24 09:12
what is the time limit for speculation businesss loss and specified business loss
latest answer
For speculation business loss it is 4 years and for specified business loss there is no time limit
Saniya Balekai
CA Inter
★ 285
1
471
Material
Auditing
answered on 27-Nov-24 15:44
1)Not able to find some topics and points in the material and not in sync with classes. 2) Any preferred way of preparation for AUDIT in line with classes?
latest answer
Thank you sir.
Nasikesh royal
CA Inter
★ 635
4
216
minor
Direct Taxation
answered on 25-Nov-24 09:15
out of special skill means because of special skill minor is earning?
latest answer
Yes
Saniya Balekai
CA Inter
★ 285
1
508
Capital gain
Direct Taxation
answered on 26-Nov-24 14:43
Selling price ₹70 Stamp department value ₹76 Fair market value as determined by IT Act ₹72 What is the full value of consideration ?
latest answer
Kindly refer Section 50C. If valuer value is determined and is less than the SDV then the same is considered. However, in your question SDV is less than 110% of SP and accordingly actual sale consideration is considered.
Sushmita Chowdhury
CA Inter
★ 2K+
4
509
Doubt
Costing
answered on 04-Dec-24 20:05
The reason behind we had not deducted 1,00,000 hrs from 4,30,000 is because we are calculating cost per labour hour so we only consider about direct labours only Right? (As 1l hours is because of filling of vacancy)
latest answer
Yes. Considered normal.
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
558
Balance Sheet as part of Capital Strcuture
CFA
answered on 24-Nov-24 15:12
When we look at the balance sheet of a company with the assets and liabilities, had a question on what component they are part in the capital structure of a company, is it the Equity or Debt . I would think it could fall under either. Do advise.
latest answer
Not sure we understand your question properly Equity and debt are part of liabilities Fixed assets, property plan and equipment, non current assets and net current assets are part of total assets
Danny John
CFA L1
★ 0
1
546
Valuation of existing stake
Financial Reporting
answered on 24-Nov-24 16:45
The fair value adjustment of existing stake difference of Rs 20000 why dont we consider in while calculating net assets at the date of consolidation
latest answer
Why should we consider? It is the investment made by parent. It does not represent net assets of subsidiary.
Hrishikesh Pradhan
CA Final
★ 18K+
1
482
80tta
Direct Taxation
answered on 26-Nov-24 14:44
I NOT UNDERSTAND THE CONCEPT OF 80TTA DEDUCTION
latest answer
Section 80TTA allows deduction for interest on savings bank account. It is first included in GTI since it is income. Further, deduction is allowed under Section 80TTA and the deduction is income earned or 10,000 whichever is lower.
Saniya Balekai
CA Inter
★ 285
1
493
Impairement Loss
Financial Reporting
answered on 24-Nov-24 13:23
What will we do of Impairement loss attributable to NCI ?
latest answer
Impairment loss of Goodwill - If NCI is measured using FV, NCI's share of impairment of goodwill will be reduced from NCI balance. If NCI is measured using proportionate of net asset, Goodwill shown in books is only parent's share of goodwill. So NCI will not bear any loss.
Hrishikesh Pradhan
CA Final
★ 18K+
1
528
Investment decisions
Financial Management
answered on 25-Nov-24 18:37
Sir,here the calculations for adjusted discount rate is totally different sir, in the icai book the made the calculation by taking base case PV as 30 , but we in order to make it us zero , we took it is -74,which one is correct sir?
latest answer
Ok sir.. thank you sir..🙏
shanthini hariharan
CA Inter
★ 10K+
2
618