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pre construction period interest
Direct Taxation
answered on 09-Oct-25 16:56
sir, pre construction period interest is 166666.67 added to 200000 CY interest whole divided by 5 gives 73333.334 sir. Is this the right calculation or should we use BODMAS and even if we use BODMAS my answer is 206666? in the example sum of Mr A.And if the answer is 73333.334 then the self occupied property answer will be the same know sir? [Video Time Stamp: 15:51]
latest answer
Take current year interest. Also calculate pre construction interest/5. Total amount is the interest allowed. No need to apply any BODMAS or maths principle here.
pooja balaji
CA Inter
★ 980
1
288
Important doubt
Direct Taxation
answered on 09-Oct-25 16:58
Delta Ltd. credited the following amounts to the account of resident payees in the month of March, 2025 without deduction of tax at source. What would be the consequence of non-deduction of tax at source by Delta Ltd. on these amounts during the financial year 2024-25, assuming that the resident payees in all the cases mentioned below, have not paid the tax, if any, which was required to be deducted by Delta Ltd.? Particulars Amount in ` (1) Salary to its employee, Mr. X (credited and paid in March, 12,00,000 2025) (2) Directors’ remuneration (credited in March, 2025 and paid 28,000 in April, 2025) Would your answer change if Delta Ltd. has deducted tax on directors’ remuneration in April, 2025 at the time of payment and remitted the same in July, 2025? Sir, for this question, as per the provisions of sec 40(a) (ia), sum payable to a resident on which TDS has not been deductec or has been deducted but not paid before date of filing annual return (i.e, 31 October), 30% of such sum shall be disallowed for the relevant previous year. But if TDS in such amount is paid before the ITR filing date, then 30% of the same shall be allowed as deduction for the relevant previous year. In the second part of this question, where the assessed has paid TDS on July 2025 ( which is before filing ITR) won’t we consider it as deduction in the AY 2025-26 and not AY 2026-27.. but in the ICAI answer it is given that 8,400 should be considered as deduction in AY 2026-27.
latest answer
Answered in another query.
Dova Shaji
CA Final
★ 520
1
235
Average cost of additional debt.
Financial Management
answered on 09-Oct-25 11:05
Sir, in the b) section , they asking the average cost of additional debt. Dont we need to find the average of 8% and 5% further? [Video Time Stamp: 07:36]
latest answer
Yes you could do that.
Vinod Kumar
CA Inter
★ 11K+
1
252
Illustration 24
Financial Reporting
answered on 14-Oct-25 10:09
Definition: An entity is not an investment entity if it receives other benefits from the entity's investment that are not available to unrelated parties Accordingly it questions the status of T Ltd whether it is an investing or non-investing entity How can we justify the status of HTF ltd with that definition?
latest answer
Here a member of group is getting benefit which is not available to unrelated parties.
pooja lakshmi
CA Final
★ 2K+
1
220
Time limit to fulfill export obligation
Indirect Taxation
answered on 09-Oct-25 16:55
So, the validity of the Advance Authorization license is 12 months, and the time period allowed to fulfill the export obligation is 18 months from the date of issue of the authorization, is that correct? [Video Time Stamp: 12:20]
latest answer
Yes perfect.
Yug Bhattad
CA Final
★ 63K+
1
262
Illustrations PDF
Accountancy
answered on 09-Oct-25 14:32
the questions in the textbook are different. is it possible to get a copy of these illustrations please [Video Time Stamp: 00:08]
latest answer
thank you
Ritu Kotian
CA Inter
★ 19K+
2
219
No Objection Request
Financial Reporting
answered on 11-Oct-25 20:09
Sir, in case 1, does the GD ltd require to get no objection from Gamma which is the owner of its owner from preparing CFS? [Video Time Stamp: 07:30]
latest answer
It is done at step by step level. Subsidiary will seek No objection from its immediate parent. That parent will seek No objection from its parent and so on. Generally as a group, the decisions on this is taken at the ultimate controlling entity.
pooja lakshmi
CA Final
★ 2K+
1
186
RELATING TO LECTURE
AFM
answered on 08-Oct-25 18:08
SIR BOX WALA JISME LIKHA HUA HOTA HAI VIDEO MEI KYA USKO NOTEDOWN KARNA HAI YA BOOK MEI AVAILABLE HAI ? [Video Time Stamp: 11:18]
latest answer
Exam relevant content book main available hain
Abhay Goyal
CA Foundation
★ 180
1
177
Continuous uniform distribution
CFA
answered on 09-Oct-25 10:35
At 46:00 , f(20) how we got answer as 1
latest answer
Q5. Answer is 1 . Here the values are supposed to be between a- 4 & b-10. f(20 ) means P(<= 20) ( explained at 44 minutes) , meaning a number higher than existing range it will all probabilities. all probabilities add up to 1
Surya Praveen
CA Inter
★ 0
1
146
Section 84
Indirect Taxation
answered on 09-Oct-25 16:54
Does Section 83 deal with both import and export by post, or do we need to refer to Section 84 for exports? Because in ICAI SM Section 83 itself specifies the determination of date for exports as well. [Video Time Stamp: 03:18]
latest answer
Section 83 deals with rate of duty and value whereas Section 84 deals with regulations.
Yug Bhattad
CA Final
★ 63K+
1
247