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CA INTER FAST TRACK BATCH MAY 2025
Direct Taxation
answered on 10-Apr-25 18:01
49:00 min Sir, how when there is a sale of asset in business but no capital gain attracted? in depreciation calculation case(i) kindly explain
latest answer
Under Income Tax, capital gain for depreciable asset will arise only when closing WDV is negative or there is no asset in the block.
G K
CA Inter
★ 13K+
1
283
Financial statements of co
Accountancy
answered on 10-Apr-25 16:43
Why they didnt take food stuff in this adjustment of changes in inventories (illustration 4 of icai module).
latest answer
Even if you take in change of inventory final answer would be the same.
meghana karnakanti
CA Inter
★ 21K+
2
202
Corporate issuer
CFA
answered on 09-Apr-25 20:45
1 Please explain what is financial and operating leverage
latest answer
OL means how fixed costs affect EBIT Computed as contribution / EBIT Financial leverage measure impact of debt on pat Computed as EBIT / EBT
Dhakshana Dhakshana
CFA L2
★ 18K+
1
151
In the illustration, if there was an option for 900 qty exact, but price was 200, would we still take the lowest price or would we chose the one corresponding to 900 qty?
Indirect Taxation
answered on 10-Apr-25 18:02
In the illustration, if there was an option for 900 qty exact, but price was 200, would we still take the lowest price or would we chose the one corresponding to 900 qty?
latest answer
First we will decide which are comparable then we will see lowest price of the same. We are not going to consider exact quantity.
Manu Jacob
CA Final
★ 6K+
1
191
IND AS 37
Financial Reporting
answered on 10-Apr-25 10:47
Sir in this illustration how can we recognise it as receivable as on 31 March year 3 because if application is filed late then duty draw back credit is upon the discretion of the department,
latest answer
Yes.
R Yashwanth Kumar
CA Final
★ 87K+
3
200
Value of supply - Quiz 4
Indirect Taxation
answered on 14-Apr-25 17:54
Could you please explain and give the correct answer Sir?
latest answer
Most Welcome.
Dhivyaa Latha
CA Inter
★ 4K+
5
232
VALUE OF SUPPLY - QUIZ 3
Indirect Taxation
answered on 14-Apr-25 20:22
What's the correct answer to this, Sir? Could you please explain?
latest answer
Got it, Sir. Thank you so much.
Dhivyaa Latha
CA Inter
★ 4K+
4
270
IND AS 37
Financial Reporting
answered on 09-Apr-25 14:39
Sir if probability is 50% then shd it be considered as probable or not,
latest answer
Probable
R Yashwanth Kumar
CA Final
★ 87K+
1
185
Joint and By Products
Accountancy
answered on 15-Apr-25 10:29
Sir here the processing cost is not given in the qtn.. is it printing mistake or is there any assumption for that..? 2nd query In the conversion cost of Bomex the per unit cost is solved as 350000/125000 = 2.8 but in the question it is only 12500 units Is this also a printing mistake?
latest answer
Notes is rectified.
susan kavumkal
CA Inter
★ 1K+
2
286
As11
Accountancy
answered on 09-Apr-25 12:25
Can a new company follow para 46 or para 46A ? Or can an existing company who followed this before can continue following ?
latest answer
Pls elaborate your query with dates.
Sushmita Chowdhury
CA Inter
★ 2K+
1
302