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IND AS 116
Financial Reporting
answered on 16-Mar-23 16:19
Hello sir, For example, assuming I own a company in any SEZ area and I have given a land along with infrastructure facilities for which I have paid an amount upfront. Infrastructure facilities include power supply, road etc., which is used by others too which will be a common asset. Can I consider these facilities as lease?
latest answer
Check control angle as well. So cant cover as leases
Suresh Avinash
CA Final
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5
712
Financing Decisions - Capital Structure
Financial Management
answered on 16-Mar-23 19:22
How Rs 1500 taken in Sub part b.
latest answer
Thanks Gokul Nath
Prethivi Rajan
CA Final
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6
478
Indian contact act
Corporate & Other Laws
answered on 16-Mar-23 19:15
Can anyone answer this question
latest answer
Thank u sir
Harshitha Kalidindi
CA Final
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5
472
Bonus issue
Accountancy
answered on 16-Mar-23 18:53
In this question (i), it s like bonus shares are issued to convert partly paid up into fully paid up ? Am I ryt ?
latest answer
Any reserve which can be used to distribute dividends is called a free reserve.
Reetikaa R
CA Final
★ 7K+
4
442
Financial statements of companies
Accountancy
answered on 16-Mar-23 18:58
What is deferred tax liability???
latest answer
https://youtu.be/WMJWDyKp3X0 You can watch this video to understand.
pullagorla sivaram
CA Inter
★ 5
2
424
Investment decisions
Financial Management
answered on 16-Mar-23 17:03
In the problem, for calculating 1st part , sir has considered 3 scenarios and calculated NPV for each scenario. However, while calculating 2nd part[expected NPV] , Sir has combined all the expected annual cash inflow and calculated NPV for the total. Why sir has not calculated expected NPV for each scenario?
latest answer
In 1st question, it is clearly asked that calculate NPV under 3 scenarios. However in 2nd question, they just asked for Expected NPV which we can solve by taking cash flows together (like how sir did) OR Calculate NPV separately which gives the answer of 1st question and then multiply the NPV with the respective probabilities. Add them you will get the same answer. [So if you do it separately or together you will get same answer]
Pravin Nesaraj
CA Inter
★ 32K+
2
523
Scope of income
Direct Taxation
answered on 19-Mar-23 08:34
X has a business with its Head office in Delhi. Income earned from its Branch in Hong Kong, is remitted to India. Is income of head office taxable in india?
latest answer
Also the income from its branch in Hongkong falls under income which accrues/ arises outside India but controlled from India taxable in case of RNOR &ROR but not in case of NR
Monisha KM
CA Inter
★ 825
4
420
Inter Nov 2022 mark sheet
Others
answered on 16-Mar-23 18:56
I didn't receive inter mark sheet yet. How many of you waiting for the same?
latest answer
Some have received and some are waiting. wait till month end.
Mansha Tutlani
CA Final
★ 555
1
397
Investment decision
Financial Management
answered on 16-Mar-23 14:04
As it is given that working capital of 40 lakh will be required at end of 8th year. Why they have added 40L in initial cash outflow
latest answer
Thanks both of u
Gauri Shete
CA Final
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3
448
Depreciation start date for tools not yet put to use having useful life of more than one year
Financial Reporting
answered on 17-Mar-23 19:56
When to start the depreciation calculation for tools and spares having useful life of more than one year i.e. 1year 1month and are not yet put to use Is that ready to use concept only., and if so, what if, the asset i.e stores and tools got depreciated before put to use
latest answer
Okay sir thank you
Valli Kotapati
CA Final
★ 5
2
450