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Factors that intangible asset with usefull life indefinite

Financial Reporting

answered on 17-Feb-24 15:17

I didn't understand that 6 criteria I need more explanation

latest answer

Criteria to recognise INtangible Assets?

abin c s

abin c s

CA Final

2K+

1

155

Inter

Others

answered on 14-Feb-24 20:57

Please please do some favour for CA inter students also.. Last time also you have provided FR for free Please considered us also

latest answer

AFM

Sruthi sruthi

Sruthi sruthi

CA Inter

640

3

360

Plan Amendment and Settlement Happen Simultaneously

Financial Reporting

answered on 17-Feb-24 19:43

If they both happen simultaneously ,no need of distinguishment between them directly it is said that gain or loss arise consider gain or loss on settlement? Can we distinguish and write seperately even though both are occurs simultaneously

latest answer

ok sir

Surya Prakash

Surya Prakash

CA Final

19K+

2

311

Mcq

Others

answered on 15-Feb-24 09:10

As ca inter has 30 marks mcq so where can I get mcq material

latest answer

In Indigolearn app, there is MCQs section where you can practice all subjects MCQs of CA Inter

Angry Toshniwal

Angry Toshniwal

CA Final

505

2

312

Regarding deduction under 115BAC

Direct Taxation

answered on 19-Feb-24 16:01

Which one is the right option???

latest answer

We have to take 30% standard deduction.

Nikhil Tiwari

Nikhil Tiwari

CA Final

16K+

4

348

Topic

Financial Management

answered on 14-Feb-24 19:04

Sir this topic is not there in icai study material Whether to study or not

latest answer

Pls do study for knowledge purpose

Shivaraj Thekkatte

Shivaraj Thekkatte

CA Inter

0

1

165

As-2

Accountancy

answered on 14-Feb-24 17:12

In video no.13, in 8 illustration, sir is telling that as-16 was not there in ipcc group 1 syllabus. What is that?

latest answer

Ignore that.

sitaram kollepara

sitaram kollepara

CA Inter

2K+

1

192

OCI

Financial Reporting

answered on 17-Feb-24 15:19

Is OCI is taxable ?

latest answer

Also note that income tax has a different treatment of items of income and expense. For e.g revaluation of plant, we recognise in OCI and never take it to P&L even when sold. But for tax purpose, when we sell the asset, it would be taxable

Surya Prakash

Surya Prakash

CA Final

19K+

2

333

Capital gain

Direct Taxation

answered on 15-Feb-24 19:49

In case of capital gain, conversion of capital asset into stock in trade k case m , LTCG/STCG konse year m GTI m add hogi, year of transfer or year of sale ??

latest answer

It is regarded as transfer in the year of conversion but tax to be paid in the year in which the stock is sold as per Section 45(2).

Code X

Code X

CA Final

960

4

551

Supply

Indirect Taxation

answered on 15-Feb-24 19:22

1.supply of goods/services to related person/deemed distinct person for considersation_will there b gst? 2.emplyer gifting employee car by charging only 5k from employee_ will ther b gst?

latest answer

Yes. GST will apply if there is consideration as well. GST will apply on gifts if gifts exceeds 50K in a FY. Further, valuation is given by valuation rules.

Shru Kanda

Shru Kanda

CA Inter

610

1

300