Forums
Partner being an agent to the first
Corporate & Other Laws
answered on 21-Mar-25 00:04
In this the marked paragraph is not understandable can u please clarify my doubt mam ?
latest answer
Thankyou mam
M Pavan
CA Foundation
★ 290
3
202
Gst related to gifts and incentives
Indirect Taxation
answered on 21-Mar-25 12:04
Should gst be levied on gifts recieved on fulfilling a certain target set by vendor.eg if a purchase exeed a certain limit the vendor would give either credit note or a gift.Do such action attract gst?? It's taxable under income tax .my doubt is on gst
latest answer
If it is gift then there is no GST but ITC cannot be claimed.
Abhishek Purohit
CA Inter
★ 10K+
1
221
Purpose of MIRR
Financial Management
answered on 20-Mar-25 21:20
Sir, what is the benefit of MIRR ? Why are we using MIRR instead of IRR ? If in the sum 9.45% rate of PV is arrived from FV why are we doing reverse calculations here like we are calculating FV for all CF and the FV of all CF are bought back to PV ?
latest answer
Woww... Now I understand the purpose of using the IRR & MIRR Thank you so much sir !!!
Jashvanth.K
CA Inter
★ 11K+
2
190
IND AS 116
Financial Reporting
answered on 21-Mar-25 09:37
Sir at the end of year in in below example does lease rental is remeasured or variable payment is charged to p&l till end of lease term,
latest answer
2% which is in susbtance fixed is considered in computation of lease liability If any amount is paid in excess of 2%, that is charged to P&L. It is not used to measure the liability.
R Yashwanth Kumar
CA Final
★ 87K+
1
212
ICAI suggested answer still considers the futures outflow 25K as as the real outflow
AFM
answered on 20-Mar-25 16:00
ICAI suggested answer still considers the futures outflow 25K as as the real outflow
latest answer
No
Hemachandra D
CA Final
★ 9K+
3
254
ICAI suggested answer
AFM
answered on 20-Mar-25 15:25
Sir ICAI suggested answer is different for part, that is wrong right, i have atached image
latest answer
I updated the video. I had initially solved incorrectly - Video is right. P600 will be updated in some time The wording was intentionally confusing - I read the text " investor was sold 4 contracts" as Investor sold 4 contracts "
Hemachandra D
CA Final
★ 9K+
5
238
Final - course registration
Exams
answered on 20-Mar-25 09:59
My articleship registration is done and I got the confirmation from ICAI. Is there any last date for final registration and if I register now what will be the expiry period of the CDS coupon. Would it be better to start studying now and register for the final in my second year of articleship so that I'll get new books? Kindly assist. Thanks
latest answer
Ok sir
Aswin Chandar
CA Final
★ 40K+
3
235
Clubbing
Direct Taxation
answered on 20-Mar-25 10:35
Can anyone give some examples of sec 64(1)(vii) clubbing provisions
latest answer
Thanks brother !!! Got a perfect example
Jashvanth.K
CA Inter
★ 11K+
2
225
Financial Instruments
Financial Reporting
answered on 20-Mar-25 12:21
Good evening sir! Usually,FL are subsequently measured at AMC and measured at FVTPL only when HFT,or, CC payable as per Ind as 103 or FG or FL created inplace of derecognition of FA right sir? But in the given question, it doesn't fall under any of the categories that attracts FVTPL accounting for subsequent measurement,then why it is given that it subsequently measured at FVTPL sir? Can you please clarify
latest answer
If you have time you can include.
Priya Bhimani
CA Final
★ 8K+
3
191
Deduction U/s 91
Direct Taxation
answered on 21-Mar-25 12:17
In this question, the assessee has foreign country income of Rs. 12,75,000/- (25,000 - 8000 * 75) which is taxable in India as Rs. 13,12,500/-. It seems to be doubly taxed on the amount of Rs. 12,75,000/-, but the question considers Rs. 13,12,500/-. Is it right?
latest answer
Answer is right. Doubly taxed income is 13,12,500 only.
kathiresh V
CA Final
★ 15K+
1
250