Forums
Capital gain
Direct Taxation
answered on 25-Mar-24 12:19
Can anyone please explain this
latest answer
Utilise the unutilised the basic exemption limit, you will get the answer.
Naina Bhojwani
CA Final
★ 5K+
1
313
Registration
Indirect Taxation
answered on 25-Mar-24 12:22
Pls clarify these questions If a person engaged in service of money lending and gets a turnover of Rs.6 lakhs and in any other taxable services and getting turnover of Rs .18 lakhs in Assam .Is registration required? What is the answer if a person engaged in service of money lending and gets a turnover of Rs.6 lakhs and in any other taxable services and getting turnover of Rs.7 lakhs in Manipur.Is registration required?
latest answer
Yes. Since aggregate turnover exceeds threshold limit.
Lavi Lavanya
CA Inter
★ 6K+
1
273
Diluted eps
Financial Reporting
answered on 23-Mar-24 18:38
Sir why did we add back mtm loss while calculating diluted eps, is it that we won’t have that loss if the debentures are converted to shares?
latest answer
If you convert the debentures to shares, the MTM losses will not be realised.
Lalit Sanpal
CA Final
★ 6K+
4
255
Timing option
AFM
answered on 23-Mar-24 14:45
Sir, in Q 30 the upward probability is calculated on the infow(spot as at end of year 1) where as in Q 27 it was calculated on the original cost(Strike price).. Iam confused on how it is to be done
latest answer
In Q 30, upward probability is calculated on 3000 and downward on 333. 3000 - 450/15% and 333 - 50/15% In Q 27 upward probability is calculated on 350 and downward on 120 350 = 35/10% and 120 =12/10% In both cases savings are per year forever In Q 27 denominator is higher of pv of current savings or investment i.e 210 or 250 so we chose 250 in Q30 denominator is higher of pv of current savings or investment i.e 1000 or 1667 so we chose 1667
Venky Balamurali
Qualified CA
★ 0
1
328
Strategy implementation and evaluation
Strategic Management
answered on 28-Mar-24 15:45
In their operations function, Airtel subcontracts manufacturing to other companies who offer low cost Functional structure b) divisional structure c) Matrix structure d) Hourglass structure e) Network structure
latest answer
Thank you sir
Sowmiga Chandrasekaran
CA Inter
★ 7K+
2
301
Valuation of Equity share
AFM
answered on 23-Mar-24 13:42
Incidental expense on sale is deducted from the sale price, but Incidental expense on purchase is not added to PV. Why is it assumed that it is included in the PV?
latest answer
Ok Thank You Sir
Ranjith Shettigar
CA Final
★ 1K+
8
301
doubt
Financial Management
answered on 23-Mar-24 10:49
sir this question is removed in new icai material but instead a new sum is added which is there in our material too but couldn't find the lectures for the same illustration 53
latest answer
(illustration 52 is there both in icai new material ( ill 19 - pg 7.69) & indigolearn material Questions -pg 189) https://resource.cdn.icai.org/74779bos60495-cp7.pdf illustration 53 is also there in new icai material - ill 14 pg 7.84
SHARINIDHA KS
CA Final
★ 2K+
2
228
IFM
AFM
answered on 24-Mar-24 23:23
Hi sir , can u please explain the highlighted point along with its significance in the solution.
latest answer
Thank you sir
Enuguru Sai Nithin
CA Final
★ 78K+
2
305
Doubt
Direct Taxation
answered on 22-Apr-24 09:34
Mr. Ashutosh, aged 65 years and a resident in India, has a total income of ₹ 3,20,00,000, comprising long term capital gain taxable under section 112 of ₹ 57,00,000, long term capital gains taxable under section 112A of ₹ 65,00,000 and other income of ₹ 1,98,00,000. What would be his tax liability for A.Y. 2024-25. Assume that Mr. Ashutosh has not opted for the provisions of section 115BAC. (a) ₹ 90,05,880 (b) ₹ 97,25,690 (c) ₹ 97,34,400 (d) ₹ 97,22,440
latest answer
Kindly share your working.
Krisha Modi
CA Inter
★ 0
6
784
TDS
Indirect Taxation
answered on 25-Mar-24 12:26
Please can anyone explain, why we are deducting TDS on the Mumbai invoice? Since the location of Supplier & place of supply are in the same state (i.e. Maharashtra) & location of recipient is Karnataka. So ideally it is exempted from GST TDS deduction. Please explain this case
latest answer
Place of supply is Karnataka. Please check once again.
Chandu vadla
CA Final
★ 11K+
1
365