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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
★ 2K+
1
223
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
200
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
226
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
268
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
233
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
★ 2K+
1
275
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
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1
237
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
245
Exemption
Indirect Taxation
answered on 28-Jul-25 17:26
Business Facilitator and business correspondent service to insurance company in rural area - exempted Whether agent of bf/bc service in rural area - taxable or exempted ?
latest answer
Law is silent. But technically it should be exempt.
Pradeep Ravikumar
CA Final
★ 1K+
1
228
FUTURES CONTRACT
Financial Management
answered on 26-Jul-25 22:52
Sir, under this type of contract, parties do not know each other, hence it is regulated by agencies such as Exchanges, also it was mentioned that there is no physical transfer of assets. Then what are they trading exactly? SIr, also in this context, i want to understand the futures and options market. how this works. had i been hearing only these terms in my articleship period, from my seniors. Due to which my curiosity exites to know more about these types of market. [Video Time Stamp: 04:15]
latest answer
understood sir, thank you.
Vinod Kumar
CA Inter
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2
186