Forums
Investment Accounting
Accountancy
answered on 13-Apr-23 23:33
Should we always reduce dividend received from cost of purchase if the shares are purchased later and dividend is paid for earlier period? or should we reduce if and only mentioned in the question
latest answer
If pre acquisition div then it should be always reduced from cost of investment
Vijay adithya
CA Inter
★ 5K+
1
430
Investment Accounting
Accountancy
answered on 20-Apr-23 12:30
Ref: Illustration 6 of investment accounting sum is silent about whether rights issue is utilized. but material solution has take n as if rights issue are subscribed and no assumptions are mentioned. In exam is it fine that we solve in either way or is there any hint to be taken from the question?
latest answer
If nothing is mentioned, its assumed to have been subscribed.
Vijay adithya
CA Inter
★ 5K+
1
398
Capital gains..
Direct Taxation
answered on 14-Apr-23 10:05
The stamp duty value exceeds 10% or 50k (whatever the case maybe) of the sale consideration, from the buyers point of view the difference is considered as income for sure...but I'm not sure in which head it's taxable, can you clarify the same?
latest answer
*income
Karthikeyan R
CA Final
★ 1K+
2
390
Forex
AFM
answered on 17-Apr-23 14:50
Indigo learn example 26 Sir i did the problem without looking into the solution Actual forward rate 0.780 i got theoretical forward rate as 0.7832 so i concluded since theoretical is higher than actual arbitrage strategy should be to buy forward but when i looked into the solution sir took only 3 decimal and got 0.779 as answer hence entire answer changed, even if the difference is minute the entire answer changed. how to take care of these kind of situations?
latest answer
Ok be careful
nazriya nasar
CA Final
★ 7K+
3
575
What does every CA Student Search on Google?
Exams
answered on 14-Apr-23 12:52
Share your last search on Google.com.
latest answer
Omg thank you so much sir😂🛐🛐🛐
CA Suraj Lakhotia
Admin
7
737
Exams
Indirect Taxation
answered on 14-Apr-23 06:39
What are the removed sections from GST for ca inter may23 exams? Is rule 42 and 43 excluded from syllabus??
latest answer
It is omitted from GST law. So it's not in syllabus
Pooja .
CA Final
★ 210
1
491
Cash flow statement
Accountancy
answered on 13-Apr-23 20:42
In question just netprofit is mentioned whether net profit shall be considered as before tax or after tax?if we consider it as after tax then in the solution only the tax is added nd y dividend is not included in net profit aftetax to get net profit before tax
latest answer
Net profit is always assumed to be after tax as per P&L unless mentioned otherwise. Dividend is not debited to P&L and hence you do not add back.
Ujwal Reddy
CA Inter
★ 7K+
1
466
ITC
Indirect Taxation
answered on 14-Apr-23 10:15
Maximum time limit of claiming ITC ?
latest answer
Ok thank you.
Sri ram Pothineni
CA Inter
★ 11K+
7
531
ITC
Indirect Taxation
answered on 13-Apr-23 20:44
When catering is outsourced by colleges , gst is payable .but who has to pay gst ,students or clg ??
latest answer
Whoever pays the bill ultimately pays the GST.
Reetikaa R
CA Final
★ 7K+
1
471
Exam
Exams
answered on 13-Apr-23 19:52
If I fail in once in foundation I will again pay for for registration?
latest answer
No, only exam fees have to be paid at the time of filling the exam form.
Suman Gupta
CA Foundation
★ 220
2
425