Marginal relief in case of MAT/AMT

answered on 09-Aug-25 16:59

Can we avail the benefit of marginal relief in case of MAT/AMT?

latest answer

Okay, thank you.

Yug Bhattad

CA Final

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191

Password for Editing ICAI pdf documents

answered on 08-Aug-25 15:36

I can't edit the PDFs documents downloaded from ICAI website. what's the password for Editing the PDF.

latest answer

We dont get password

HEMACHANDHAR M

CA Final

★ 2K+

1

200

Entry related

answered on 19-Aug-25 14:23

Time stamp:15min Isn't the entry rectified as Suspense a/c dr To purchases a/c [Video Time Stamp: 15:10]

latest answer

If the original entry is not recorded at all, rectification entry is the original entry.

Bhavagna reddy Puli

CA Foundation

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3

205

IndAS - 115 (relating to custodian services)

answered on 19-Aug-25 14:22

A machinery is sold on a particular day for a fixed amount (all other criteria is satisfied for recognition) and ownership transferred to the customer but physical custody remains with the supplier according to the customer request for 2 more years. No amount is charged for the custody of machinery. Then how will this additional obligation be accounted for? Any part of the consideration from that fixed amount to be charged for this additional service?

latest answer

Actual consideration = ₹10,00,000 • Standalone price machinery = ₹10,00,000 • Standalone price custody service = ₹1,00,000 • Total standalone price = ₹11,00,000 Allocation: • Machinery portion = (10,00,000 / 11,00,000) × 10,00,000 = ₹9,09,091 • Custody portion = (1,00,000 / 11,00,000) × 10,00,000 = ₹90,909 Accounting: • Recognize ₹9,09,091 as revenue on sale (ownership transfer). • Recognise ₹90,909 as deferred revenue and recognise it over 2 years as custody service is provided.

Balaji K

CA Final

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161

NAV

answered on 08-Aug-25 15:46

Time stamp: 6.35 Sir, Can you please clarify the following? My understanding is that when a dividend is declared but not paid, its value is reflected in the share's market price, which then falls after the dividend is paid. If the market value of the investment already accounts for the dividend, why is a separate adjustment for 'dividend receivable' necessary? [Video Time Stamp: 05:31]

latest answer

Yes

Chaitanya Sai Gupta

CA Final

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187

Exceptions(of Sec 67) - Pvt Ltd.

answered on 18-Aug-25 21:48

Mam, do both sub-sec 1 and 2 of Sec 67 don't apply to private companies, or only the provision regarding buying own shares by providing financial assistance to third party doesn't apply? [Video Time Stamp: 03:38]

latest answer

To avail the exemption, no other company should own any securities in that private company. In the given question, a public company owns shares of the private company. therefor the exemption will not apply on such private company. therefor section 67 will be applicable on it.

Rahul Anand

CA Inter

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220

Depositor & Eligible Company

answered on 08-Aug-25 13:26

Madam, The 2 criteria about eligible company is networth and turnover but you said paid up share capital and turnover. I think paid up share capital and networth is two different thing.... which one is correct...

latest answer

Networth must be taken in the definition of eligible company. The same has been mentioned in the video as well.

K K Subba

CA Inter

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165

No arbitrage pricing

answered on 08-Aug-25 09:02

FP = Spot(1+Rf)^t As we can see here in this no arbitrage Fwd contract pricing the formula inherently assumes that the future price of the asset can only increase but practically asset price can also decrease in future pls explain

latest answer

Pricing

Dhakshana Dhakshana

CFA L2

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127

SWS for export

answered on 18-Aug-25 16:29

Sir SWS not applicable for Exports ?

latest answer

Whenever customs duty is levied SWS is levied.

Hemachandra D

CA Final

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190

INTERPRETATION OF STATUTES

answered on 10-Aug-25 14:05

Anyone kindly mention Important Questions in this Chapter.

latest answer

Thank you mam:)

Sr the Unique

CA Inter

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2

155