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Renting for other than the religious taxable
Indirect Taxation
answered on 03-Jun-25 15:59
Renting for other than the religious taxable is mentioned in ICAI material pg no 4.16
latest answer
Renting of precints of religious place is exempt. For what purpose it is rented is not the criteria.
Hemachandra D
CA Final
★ 9K+
3
210
Amount fetch of old will deductable while calculating depreciation of new machine
Financial Management
answered on 01-Jun-25 09:06
10.36 would depreciation was on new machine - amount fetch of old too sir?
latest answer
Dep is on Net Cost of Acquisition
anju B
CA Inter
★ 21K+
1
152
Remeasurement of lease liability
Financial Reporting
answered on 02-Jun-25 12:34
Sir can i know the logic behind using revised discount rate for remeasurement of reassesment purchase option
latest answer
The decision to exercise or not exercise the purchase option changes the substance of the lease arrangement. For instance, the lessee may own the asset after lease term. Since the underlying substance of transaction is changed, we use revised rate.
P.udaykumar Pasupulati
CA Final
★ 2K+
1
208
Doubt
Financial Management
answered on 31-May-25 20:55
For Actual maintenance cost and operating cost Tax implication?
latest answer
Both are tax allowable expenses
anju B
CA Inter
★ 21K+
1
159
Doubt
Financial Management
answered on 31-May-25 20:55
For Actual maintenance and operating cost Tax implication?
latest answer
Both are tax allowable expenses
anju B
CA Inter
★ 21K+
1
143
FINANCIAL INSTRUMENT
Financial Reporting
answered on 31-May-25 21:34
Sir how is the Interest recognised in case of reclassification from ACM to FVTPL, whether it is based on original carrying amt
latest answer
For ACM and FVTOCI the interest calculation is done using EIR method as explained in class. For FVTPL, whatever interest is received, it is recognised in PL
R Yashwanth Kumar
CA Final
★ 87K+
3
181
Financial instrument
Financial Reporting
answered on 02-Jun-25 12:44
Sir this first condition in case of simplified approach (impairment of financial assets) - where there is no significant financing component Is it only applicable to trade receivable and contract assets Doubt is whether this condition also applies to Lease Receivables,
latest answer
Not for lease receivables
R Yashwanth Kumar
CA Final
★ 87K+
1
156
Sir auditing book not available in free resuouresess
Auditing
answered on 03-Jun-25 19:28
Sir auditing books not available in free resuouresess
latest answer
Which book are u referring to?
RHeRajhans Gupta
CA Final
★ 0
1
172
Will Tax implication relevant for TCI &TCO
Financial Management
answered on 31-May-25 20:55
Is there tax implication on either terminal cash inflow or terminal cash outflow Actually for npv= pv of cfat(after tax implication) + pv of tci - pv of intial Cash outflow - pv of tco Here, only cfat part tax implication is considered Then how we considered tci &tco before tax implication
latest answer
Because it is a expense you need to incur If machine has salvage we value we consider CG tax impact on net number
anju B
CA Inter
★ 21K+
1
138
TCI
Financial Management
answered on 31-May-25 20:53
@32.06 cost of disposal which is terminal cash inflow is it should be write on after tax implication right? i.e, cfat + tci on that pv
latest answer
All the other items are also before tax and so is this item Tax is accounted for separately in subsequent steps
anju B
CA Inter
★ 21K+
1
155