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Not ordinary resident
Direct Taxation
answered on 18-Mar-24 18:37
Is Unabsorbed depreciation from a business in foreign country deductible in the hands of a Not ordinary resident or not? 6th point
latest answer
Yes. Since it is related to business controlled from India.
1 Minute Review
CA Inter
★ 405
2
375
Guess the May 24 Exam dates!
Exams
answered on 21-Mar-24 15:45
Lok Sabha 2024 Polls Schedule Phase 1: April 19th Phase 2: April 26th Phase 3: May 7th Phase 4: May 13th Phase 5: May 20th Phase 6: May 25th Phase 7: June 1st Exit Poll: June 1st Counting Day: June 4th
latest answer
🤣🤣🤣
CA Suraj Lakhotia
Admin
76
5K+
Diluted EPS
CFA
answered on 17-Mar-24 11:13
Did not understand the question and the solution
latest answer
EPS is computed based on WA shares outstanding during reporting period It is not based on year end count of shares Numerator is pat and denominator is share count as explained above All shares and share equivalents are taken based on time they were OS in a year. Warrants and options which can be converted to equity shares are also added to share count provided they are dilutive i.e by adding them to denominator, the Dilluted EPS comes down If a share is issued at a rpice equivalent or at higher price than market then existing shareholders are not losing anyvalue so such kind of shares are anti dilutive and are not added to denominator. in current case warrant is exercisable at 20 and Avg share price during year is 15 so existing share holders are not unduly disadvantaged is warrants are converted to equity hence these are anti dilutive and hence the warrants count is not added to denominator. Hence share count is same 50000 option B If warrants were dilutive then suitable computation is made as explained by faculty in class to arrive at Diluted EPS
Vasudha TK
CFA L1
★ 70
1
185
Computation of basic and diluted EPS
CFA
answered on 17-Mar-24 11:13
Why are we considering the antidilutive impact Also how to determine if it must be considered everytime
latest answer
It must be considered every time - explained in response to previous query
Vasudha TK
CFA L1
★ 70
1
139
Deduction u/s 10(15)
Direct Taxation
answered on 18-Mar-24 18:38
Is the 3rd point is still relevant or not?
latest answer
Yes. Post office savings account interest is exempt upto 3500 in case of Individual account and 7000 in case of joint account.
1 Minute Review
CA Inter
★ 405
1
308
Notes - for Videos
Auditing
answered on 16-Mar-24 12:37
In Auditing - Notes pdfs are not properly attached in the videos and I am confused on where to download the same. Please help.
latest answer
you can download from resources section.
NIKIL KAROL
CA Inter
★ 0
1
177
Blocked Credit- leasing, renting and hiring of motor vehicles, vessels, or aircraft
Indirect Taxation
answered on 18-Mar-24 18:29
My doubt is regarding the example provided in this section ie renting car. ITC in respect of rented car is not blocked since it is intended for taxable supply of transportation of passengers. So when we rent such a car on which ITC is not blocked, why ITC in respect of renting is blocked?
latest answer
If a person is engaged in the business of transportation of passengers then only ITC is allowed. But for example, if I take a vehicle on rent for travel from one place to another I cannot claim ITC since I am not in the business of transportation of passengers.
Amala Joy
CA Inter
★ 70
1
289
Gift vouchers
Indirect Taxation
answered on 22-Mar-24 18:04
If a company has issued gift voucher will the gift voucher will be taxable under GST
latest answer
Yes. Since voucher is also taxable under GST.
Alocius Rebiks
CA Inter
★ 350
3
200
SIRC-ICAI
Others
answered on 16-Mar-24 10:42
Is library will be open on Saturdays?
latest answer
YOu can contact respective branch
Rajesh Balaji
CA Final
★ 0
1
461
Rent v/s Lease
Financial Reporting
answered on 16-Mar-24 10:32
what if we have the agreement with service provider that for example, we want only lenovo computers for 3 years. In that case will it be considered as Leases or Rent?
latest answer
If the specific laptop cannot be replaced - lease.
Chaitra Hegde
Qualified CA
★ 10K+
1
154