Forums
borrowing cost mcq
Accountancy
answered on 04-Dec-25 16:24
please explain Q5. how is it 330000?
latest answer
Interest for 50 lakhs - 5.5 lakhs Interest for 30 lakhs - 3.3 lakhs
Ritu Kotian
CA Inter
★ 19K+
1
150
FIRST PROVISO TO SECTION 48
Direct Taxation
answered on 19-Dec-25 19:40
1. whether First proviso to section 48 is applicable for STCG? 2. In case of CG taxable u/s 112A & 112(on transfer of unlisted securities/ shares of closely held company) foreign exchange fluctuation not applicable, then for which shares & debentures does this first proviso applicable. Please clarify
latest answer
Yes.
SURESH KUMAR RSK
CA Final
★ 200
1
134
Acquirer
Financial Reporting
answered on 02-Dec-25 16:52
In this case ABC Ltd incorporated Super Limited to acquire focus limited so wouldn't ABC limited be the acquires as eventually ABc Limited Incorporated Super to acquire focus
latest answer
Super limited is the acquirer in this transaction
Gauri Shete
CA Final
★ 5K+
2
134
Extra Information
AFM
answered on 21-Mar-26 07:36
Hi sir, really thankful for the additional information you're explaining to us to gain clarity! Just wanted to know if these additional information you're explaining is covered in the Theory book i.e, T380 book??
latest answer
Sure will send an update once added. We have started adding questions of jan 26 in videos. Have added for MF and M&A chapters so far. Will send out a notification with exact details of additions made to videos & notes, once all work is done Will take a week We do this for every attempt where we add questions and send out a detailed notification. so worry not
G Mohammed Mushtaq
CA Final
★ 15K+
11
179
Entry 13 renting of shops
Indirect Taxation
answered on 02-Dec-25 10:16
Sir, in Entry 13 the language says >=10,000 p.m is NOT exempt. So this is applicable for rent of one shop or all shops' rent taken together. I mean to ask is the limit 10000 p.m per shop? [Video Time Stamp: 14:07]
latest answer
Ok Sir
Rahul Anand
CA Inter
★ 6K+
2
158
Mandatory deposit
Indirect Taxation
answered on 02-Dec-25 09:37
Hello sir I have a query regarding mandatory deposit made u/s 107 and 112 It has been said in 107 that max amount for CGST/SGST/IGST in lecture is 25 crs whereas act says its 20 / 40 crs Same in 112 , it has mentioned in lecture that the % is 20 whereas its 10% in act and max amount is 50/100 crs whereas max amount is same as above u/s 107 Clarify regarding it sir [Video Time Stamp: 17:18]
latest answer
It is 10% of disputed tax subject to maximum of 20 crore under CGST and 20 Crore under SGST. We have sorted the same. Thank you.
Manish Kumar
CA Final
★ 4K+
1
154
reverse uncertainity
Auditing
answered on 07-Dec-25 20:54
In this case whether there is any reversal of income while CG guaranteed because we will stop income recognition and asset classification deemed to be std assets [Video Time Stamp: 10:37]
latest answer
No reversal of income as asset classification changes not income wil be recognised only on cash basis. If previously recorded income has not realised, reversal wil be done
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
133
Doubt in zero rated supply of goods
Indirect Taxation
answered on 02-Dec-25 09:39
Sir, in question they gave zero rated supply of goods under bond/LUT as 12L but we only considered 6L in computation, can you please explain sir
latest answer
Agreed.
siva chaitanya
CA Final
★ 13K+
1
148
Doubt in issue of invoice
Indirect Taxation
answered on 02-Dec-25 10:38
Sir in the second case when goods are returned after 6 months in August we need to issue an invoice but goods are not actually sold and brought back then on whose name we should issue an invoice and whether ITC can be claimed on tax paid on that invoice and how to record in the books. Can you please explain sir
latest answer
Understood sir
siva chaitanya
CA Final
★ 13K+
2
136
Inflation
AFM
answered on 30-Nov-25 15:12
Sir, can I take the assumption that, after considering the Inflation to the Price per bottle, I will add 1Ruppee. [Video Time Stamp: 12:42]
latest answer
You can do in fact question is very vague but ICAI solved it in this manner and pls follow their method to get marks
Murali Thripuraboina
CA Final
★ 3K+
1
148