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Direct Taxation
answered on 02-Feb-24 18:59
Can we expect questions and solutions videos from each chapter Tds, set off carryforward ,salaries ,etc chapters
latest answer
In every chapter, we have covered sufficient questions from CA Inter perspective. Further, we would also release a question and answer book
Sri ram Pothineni
CA Inter
★ 11K+
5
409
AS 3 CFS
Financial Reporting
answered on 26-Jan-24 15:10
Why is AS included in FR lectures we only have Ind AS 3 in syllabus right?
latest answer
Yea
Dhvaritha Ravishankar
CA Final
★ 7K+
3
172
Doubt in calculating No.of years
Direct Taxation
answered on 28-Jan-24 18:11
For the Assessment Year 2024-25 1. Losses from activity of owning & maintaining race horses pertaining to A.Y. 2021 - 22 Soln : loss pertains to previous year 2020-21 No.of.years loss carried forwards is 2021-22, 2022-23 & 2023-24 it’s “3 years” am I right? Eligible to be carried forward for 1 more year. 2.Brought forward of textile business loss pertaining to A.Y 2016-17 Soln : Loss pertains to P.Y 2015-16 No.of.years loss carried forward are 2016-17, 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, 2022-23 & 2023-24 that it’s “8 years” am I right? It’s the last year in which the loss can be set off & further carry forward is not possible? Is my understanding correct? If wrong kindly correct me.
latest answer
Okay Sir...Thank you
Soon to be CA
CA Inter
★ 4K+
2
180
Turnover
Indirect Taxation
answered on 28-Jan-24 17:49
What is the real meaning of turnover? I thought that turnover means sales of the enterprise only. One more doubt- the exact reason why gst and cess, inward supply (RCM) is not part of the aggregate turnover because it is payment!!!
latest answer
Generally turnover means excluding taxes since taxes are just collected and paid to the Government as an intermediary. With respect to inward supplies, it is not outward turnover instead it is inward.
07- Issac Jolly-XII C
CA Inter
★ 16K+
2
356
Aggregate turnover
Indirect Taxation
answered on 26-Jan-24 11:13
In Composition levy scheme it's mentioned that inter state outward supply is not allowed - answer is yes But after getting registered for CLS, will we consider inter state supplies for the calculation of aggregate turnover.
latest answer
Note Aggregate turnover includes inter state supply. But if you are registered under composition scheme, and you make any inter state supply, then you ceases to be pay tax under composition scheme.
07- Issac Jolly-XII C
CA Inter
★ 16K+
2
320
How is this to be treated? - These points are not included in the question solved in lecture but present in 1FIN Material
Direct Taxation
answered on 28-Jan-24 18:06
Qus.6 (1FIN Material) How to treat life insurance premium paid? Qus.1 (1FIN Material) Brought forward business loss relating to A.Y.2021-22 Rs.40,000 If considered then the GTI should be Rs.3,20,000 right?
latest answer
Okay Sir
Soon to be CA
CA Inter
★ 4K+
2
168
Valuation of inventories
Costing
answered on 26-Jan-24 08:55
Product= Fuel. As per AS 9 valuation of material (is based of cost )in any methods we use be it FIFO and WAM . In case of fuel ⛽ the valuation is done based on recent prices so that denotes the product value is according to LIFO. How it will justify the AS 9. Can yu explain sir?
latest answer
Thank you sir.
Raja Lakshmi
CA Inter
★ 6K+
2
417
Painting cost
Financial Reporting
answered on 26-Jan-24 08:01
Sir, but there will be no future economic benefit flowing from painting the building then how is it logical to capitalise even if it is for more than one period
latest answer
Now that paint has a lesser useful life and when you redo the painting you again capitalise it because of two reasons- 1. The cost is not for 1 year but for many years. 2. There is no direct economic benefit but more of administrative benefit. Also a freshly painted building will sell for more (just to evaluate benefits)
Hrishikesh Pradhan
CA Final
★ 18K+
3
297
Videos not playing
Others
answered on 29-Jan-24 16:28
Sir it showing like this I shut down laptop then started video again video not playing sir
latest answer
If videos are not playing try the steps below 1. Close all the apps 2.Android: Settings -> Applications -> 1FIN-> Storage -> Click on 'Clear Storage' and 'Clear Cache' 3. Restart device 4. Open 1FIN app and play the video If this also does not work please try the below troubleshooting steps, it usually works. Also, note that the downloaded videos if any will get deleted in the process. 1. Uninstall the app 2. Restart phone (Important step, clears a lot of issues) 3. Install app Also, check if there are any OS updates available. If this does not work, then please do the following 3 steps and share screenshots and videos with us by a reply email to the ID - support@indigolearn.com 1. visit speedtest.in and take a screenshot of your internet speed and share it with us 2. visit whatsmyip.com and take a screenshot of your IP and send it to us 3. take another phone and make a video recording (<20 MB) of the error you are facing on your phone/laptop and share the video recording with us Once you share the above 3 we shall connect you with our Tech Team Thanks Team IL
Eswar Aakash
CA Inter
★ 57K+
5
424
doubt
Financial Management
answered on 30-Jan-24 17:03
sir creditors rawmaterial for double shift is 48600,hence total current liabilities 48600+8000+6000=62600 . my doubt is how did arive Rs 6000 as the above liabilities
latest answer
please watch to the earlier video
Mallanagowda S
CA Inter
★ 260
1
321