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Ind as 12 Deferred tax
Financial Reporting
answered on 02-Mar-24 22:40
Sir in question. 2: What will be the deferred tax treatment, If investment in subsidiary is carried at cost?
latest answer
Ok sir thank you sir
manideep martha
CA Final
★ 10K+
2
266
Residential status
Direct Taxation
answered on 28-Feb-24 17:14
Determine residential status MrA Indian citizen come to India each year for 120days, income earned 200000rs = resident and ordinary resident ? MrB Indian Citizen came to visit India, stayed for 10days, income earned 200000rs = resident and not ordinary resident ? Cause of the provision of deemed resident ? Pls correct me where I’m wrong
latest answer
Deemed resident is always RNOR.
Sushmita Chowdhury
CA Inter
★ 2K+
5
373
Illustration 47 (lecture 125) - (00:57)
Financial Management
answered on 29-Feb-24 18:08
Dear sir, in the point mentioned in 00:57 of the video, a statement stating that "it is subject to same rate of depreciation " is given. Doest it not mean that the subsidy rate of 15% is the same rate of depreciation ,and hence, depreciate the machine by 15%? If not so, then what does that statement mean , sir?
latest answer
Thank you sir
Srinidhi
CA Inter
★ 270
2
156
Set off and carry forward of losses
Direct Taxation
answered on 28-Feb-24 17:11
Unabsorbed depreciation of speculative business and specified business can be set off against any other heads of income and carry forward fir indefinite period??
latest answer
Unabsorbed depreciation means unabsorbed depreciation. Thats it.
Devisree
CMA Final
★ 0
1
330
Rfc a/c and eefc a/c
Corporate & Other Laws
answered on 26-Feb-24 16:24
When you say no approval is needed for the transactions done through eefc a/c or rfc a/c which are given in schedule 2 and 3, does it mean CG’s and RBI’s approval is not needed even if the amount exceeds given limits in each point mentioned in those schedules?
latest answer
Yes, no approval is required in case the transaction is being done through RFC account or EEFC Account.
Liz James
CA Inter
★ 2K+
1
169
Illustration 1
Financial Management
answered on 26-Feb-24 16:53
How is the rate of 23.5% in the study material received?
latest answer
Apply Future vale formula FV = PV ( 1+ r)^ n 100 = 98(1+r) ^ 35/365
Vidya Suresh
CA Inter
★ 6K+
1
291
Rent free accommodation in hotel
Direct Taxation
answered on 28-Feb-24 17:13
In illustration 11 regarding hotel RFA, 15 days rent is not deducted. Whether this 15 days rent free is applicable or not?
latest answer
15 days concept is only accomodation is given on account of transfer. Since the question is silent about transfer, we have not considered that 15 days concept.
1 Minute Review
CA Inter
★ 405
3
315
Self pace module
Exams
answered on 27-Feb-24 09:45
What's the exam pattern of CA final self pace module?
latest answer
ICAI has not notified yet
Jiya T
CA Inter
★ 10
1
341
Rent free accomodation.
Direct Taxation
answered on 26-Feb-24 11:14
Is this criteria is relevant to the upcoming exm . Or we use the criteria of valuing rent free accommodation owned by employee is 15% of salary if the population is greater than 40. In recorded classes , sir is using the old method (15% )
latest answer
Thats a subsequent amendment. Covered in amendments lecture
1 Minute Review
CA Inter
★ 405
1
288
PRINTING MISTAKE
Financial Management
answered on 28-Feb-24 05:43
Sir In Illustration -4 COGS Rs.18 Lakhs not Printed in Books
latest answer
Error has been updated in free resources notes
Satish Kumar
CA Inter
★ 210
2
154