Forums
Restrictions on loans
Auditing
answered on 20-Nov-25 12:09
Mam whether special sanction should be get from particular society registrar or central or state registrar [Video Time Stamp: 18:18]
latest answer
Special sanction is taken from the “Registrar of Co-operative Societies” of that specific State. Not from: Central Registrar (This applies only for multi-state co-operative societies under the Multi-State Co-operative Societies Act, 2002). Any other State Registrar or Central Government authority.
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
62
Exemption
Indirect Taxation
answered on 24-Nov-25 17:35
Rental of residential building for residential purpose to registered person is taxable under RCM, that should be reverse by registered person because od personal use, Is it right ah sir
latest answer
In case of renting of residential dwelling for residential purpose for personal use then it is exempt. However, in case of renting of residential dwelling to a registered person for business use then it is taxable under RCM.
Sudhanbrabu T
CA Final
★ 0
1
67
Inter company transaction
Accountancy
answered on 09-Dec-25 15:04
Sir in book they have given Capital Reserve a/c Dr To Stock a/c. But actual correct entry is P&L a/c To Stock a/c right? [Video Time Stamp: 12:24]
latest answer
can be done both ways.
Priya Ravi
CA Inter
★ 55K+
1
69
How to exercise buy back share
CFA
answered on 19-Nov-25 13:06
I have some shares of Infy and now infy is buying back shares how do i sell this to the company i mean i can exercise the buy back?pls explain
latest answer
If have shares in demat form in the website of your broker you will have an option to sell the shares under buyback Pls check
Dhakshana Dhakshana
CFA L2
★ 18K+
1
58
Audit of cinema
Auditing
answered on 19-Nov-25 13:39
Mam can you explain the 10th point whether advance refundable after the payment of full amount by the cinema threatre
latest answer
Simple Example to Understand A cinema theatre pays a film distributor: • Advance: ₹5,00,000 • As per agreement - after the movie runs, the final settlement is done based on revenue sharing. Suppose final amount payable to distributor = 4,20,000. Case 1 - Advance more than final amount Advance = 5,00,000 Final payable = 4,20,000 Excess = 80,000 refundable Auditor must check: • Whether the theatre received ₹80,000 • If not received -treated properly as receivable • Whether the agreement supports refundability Case 2 — Advance exactly equals final amount Advance = Final payable No refund Auditor simply verifies proper adjustment of advance. Case 3 — Advance less than final amount Advance = ₹5,00,000 Final payable = ₹6,00,000 Theatre must pay extra ₹1,00,000. No refund here.
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
67
Ind as 23
Financial Reporting
answered on 19-Nov-25 09:01
Why is the interest not computed for the construction period alone ?full year interest is considered for the numerator to determine capitalisation rate.
latest answer
Follow my class solution
SANSKRITI BADRI 2111339
CA Final
★ 3K+
1
78
Aditional procedures and Anamoly
Auditing
answered on 20-Nov-25 18:02
mam, i could not grasp what exactly the additional procedures and anamoly are. i request, please explain. [Video Time Stamp: 00:18]
latest answer
thank you for clarification mam
Vinod Kumar
CA Inter
★ 11K+
2
66
Exemption - Transport of passengers
Indirect Taxation
answered on 24-Nov-25 17:35
Booking bus,auto through ECO like Rapido, uber is attract GST sir
latest answer
Yes.
Sudhanbrabu T
CA Final
★ 0
1
69
Exemption - Construction Services
Indirect Taxation
answered on 24-Nov-25 17:34
X ltd construct new factory for that they give labour charges to contruction labour is Cover under Exemption or taxable sir [Video Time Stamp: 04:16]
latest answer
Pure labour service is exempt only in case of construction of single residential unit and not in other cases.
Sudhanbrabu T
CA Final
★ 0
1
60
Illus 12 - Market related conditions not met
Financial Reporting
answered on 24-Nov-25 16:21
If the market-related vesting conditions are not met, are employees still allowed to exercise the options granted to them? If they are still allowed to exercise, then what is the purpose of including such a market condition in the first place? If they are not allowed to exercise, how should the Share-Based Payment (SBP) reserve be presented in the Balance Sheet, and how will this reserve be reversed or closed in the future? [Video Time Stamp: 12:52]
latest answer
1. Employee will not be allowed to exercise 2. The balance in SBP reserve will be classified to other equity/retained earnings.
Seema Jain
CA Final
★ 3K+
1
74