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Financial Management
answered on 28-Jul-25 20:37
The MCQ questions in the suggested answers were the ones asked in exams? Bcoz question paper for MCQs are not shared but in the suggested answers, it is available. What would be the reason behind this
latest answer
Thank you sir
Shankari C
CA Inter
★ 3K+
3
143
TDS applicability
Indirect Taxation
answered on 28-Jul-25 17:25
Case 3- Municipal corp of Kolkata TDS is applicable because of, pos & lor are in the same state So, IGST is applicable on that 2%( as per sec - 20) TDS will be deducted & deposited Am I understood in a right way. Whether it's a movable or immovable property/ service, bcaz of pos &lor in the same state TDS WILL APPLY. is it correct sir. Thanks.
latest answer
TDS will not apply only if LOS and POS is in same state and LOR is in another state. Else TDS will definitely apply.
Uma j
CA Inter
★ 1K+
1
175
TDS applicability - doubt
Indirect Taxation
answered on 28-Jul-25 17:25
Case 3- Municipal corp of Kolkata purchases a heavy generator from a supplier in Delhi, value 500000/- IGST @18%. Pos- Delhi Los- Delhi Lor- Kolkata Because it's not an immovable property, so the condition of Registration of recipient in different state will not apply here. Please clarify this one, sir. Thanks.
latest answer
POS will be location of recipient. Please check again.
Uma j
CA Inter
★ 1K+
1
173
Regarding notes
Auditing
answered on 28-Jul-25 16:23
Mam I can't able to find SA 200 which was provided in notes section in indigolearn notes. can you guide me to find it . Otherwise it should be studied through only pdf
latest answer
It is covered in Nature Objective and scope of audit in page 1.4. Please check there
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
132
Reason for not considering the changes in fixed assets
AFM
answered on 27-Jul-25 20:56
We directly used ₹4 Cr as given in the working. Is that because, when Capital Expenditure is explicitly mentioned in the question, we should use that instead of computing it from changes in fixed assets? Also, can you please clarify in what cases we should use the change in Net Fixed Assets + depreciation method — only when CapEx is not given?
latest answer
Fixed assets
Shinisha Rose R
CA Final
★ 5K+
1
149
FCFF AND FCFE
AFM
answered on 27-Jul-25 15:04
value of business -find PV of FCFF and proceed value of share-Find PV of FCFE and proceed am i right?
latest answer
They are referring to valuation of market share price and the company hence we have to arrive at share price / equity value
Muhammed Mubaris
CA Final
★ 190
3
153
Dilutive Calculation for Quarter 2
Financial Reporting
answered on 28-Jul-25 16:35
For the calculation of weighted average shares issued on opening a new retail site, why do I need to consider it as potential ordinary shares to use 3/3? As the condition is satisfied, can't I show 2/3 for Dilutive EPS calculation?
latest answer
weight for issued shares = 2/3 Weight for diluted shares = 1/3 [since it was potential for 1 month] Total becomes 3/3
pooja lakshmi
CA Final
★ 2K+
2
161
Foreign Exchange Gain/ Loss not recognised
Financial Reporting
answered on 01-Aug-25 16:38
Hi sir 1.We are not recognising Exchange Gain on Inventory in Consolidated Fs because it's a non monetary item? Or is it as per Ind As 2. So applies only for inventory? 2. We are not treating the 24 lakhs as an exchange gain from Monetary item called Receivables, since 1020 of Receivables cancelled against 1020 of pavables and respective exc loss or gain will get cancelled. Is this correct understanding sir? (Time stamp:12:50)
latest answer
1. In the consolidated financial statement we carry inventory at cost to group or NRv whichever is lesss (consolidation principle. Any unrealised profits are eliminated). IF we translate the balance sheet of subsidiary , Inventory would be valued at closing rate (lf goods were purchased from a third party). however, in this case, goods were purchase from parent so in group books, the profits are eliminated. 2. Correct.
Vijay Ramesh
CA Final
★ 985
1
175
FMV
Direct Taxation
answered on 28-Jul-25 17:40
It is 'not-listed on a recognized stock exchange', right? [Video Time Stamp: 10:36]
latest answer
You are right. Thanks for pointing out.
Elzabeth Britty PJ
CA Inter
★ 2K+
1
177
Marks allocation
Auditing
answered on 26-Jul-25 21:28
Does examiner cut marks in ca exams for spelling mistakes.
latest answer
Thank you sir
Pihu Jain
CA Inter
★ 3K+
2
188