Forums
ITC
Indirect Taxation
answered on 28-Apr-25 16:36
If I have ITC of RCM can I set it off against output tax liability?
latest answer
Trust this clarifies.
Neha Pradhan
CA Final
★ 9K+
4
186
Euro Convertible bonds
AFM
answered on 26-Apr-25 12:06
Sir the term EURO means the currency or is it because of the availability of CALL/PUT Option on the Bonds? Euro convertible bonds are '$' denominated?
latest answer
Euro convertible bonds
Mohanbabu N
CA Final
★ 3K+
1
198
Preliminary expense
AFM
answered on 26-Apr-25 12:03
Why The Preliminary Expense Has been Written Off . It is Not Given In question To write off them. Why they are shown under asset side of balance sheet is it any amortisation?
latest answer
Prelim exp
Gauri Shete
CA Final
★ 5K+
3
265
Swaps
AFM
answered on 26-Apr-25 08:51
Sir, don't the notional principal amount in generic swaps decreases after every periodic payments (int+principal) or it is assumed that principal are repaid in bullet payments and only interest are paid periodically
latest answer
Amortising
Nitin Raj
CA Final
★ 270
3
164
AS 19 Leases
Accountancy
answered on 26-Apr-25 07:16
What is the difference between “Lease term” and “useful life”? Isn’t it both the terms referring to the same period?
latest answer
Both are not same. Check the building example i gave you. Useful life is for asset not only for lessee
Girinath A
CA Inter
★ 765
3
223
Doubt
Financial Reporting
answered on 29-Apr-25 09:25
In this sum, why have we not taken the carrying amount after year 5 and compared it to the the pv of cashflows under revised terms using original discount rate? Please explain
latest answer
Since the effective rate and coupon rate of original loan is 10%, the carrying amount is 10,00,000
Manu Jacob
CA Final
★ 6K+
1
180
Put options
AFM
answered on 25-Apr-25 19:17
Whether the premium is to be paid or received in case of put option? In what cases premium is added to cost?
latest answer
If they ask you net payoff then adjust premium If they mention gross pay off then don’t adjust premium If they don’t mention anything solve for both
shamanth rm
CA Final
★ 2K+
2
173
RE
Financial Management
answered on 25-Apr-25 17:11
@2:22 RE have no mv as they are not traded in the market Logically correct But, in the video "what are net preoceeds" For ke preferred issue price - flotation cost For Kre preferred *mv*!! Sir mentioned can you please clarify my doubt (Incase mv not given IP but flotation is not relavant)
latest answer
Kre
anju B
CA Inter
★ 21K+
1
181
Rebate
Direct Taxation
answered on 26-Apr-25 16:09
In this video you mentioned it has < 500,000. Rebate is applicable only if income ≤ 500,000 .Is this correct or wrong .
latest answer
If total income is upto 5L then rebate is applicable. Even if it is exactly 5L still rebate would apply.
Navya 2805
CMA Inter
★ 2K+
1
218
Surcharge and rebate concept
Direct Taxation
answered on 26-Apr-25 16:10
Surcharge is only applicable when the total income exceeds 50,00,000 doubt in that ≥ greater than equal to 50,00,000 or not 100000 2) 100,00,000 ≥ 200,00,000 3) 200,00,000 ≥ 500,00,000 Same doubt in rebate also will you please explain it in symbol
latest answer
Surcharge will apply when total income is > 50L.
Navya 2805
CMA Inter
★ 2K+
1
226