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TDS, TCS vs Direct/Indirect Tax
Direct Taxation
answered on 06-Mar-25 17:19
We can't really call TDS or TCS an indirect tax right? Isn't it just a collection mechanism?
latest answer
Hearty Congratulations. So happy to hear this.
Vishnu Muraleedharan
CA Final
★ 32K+
4
320
rep in balance sheet
Financial Reporting
answered on 07-Mar-25 14:44
sir, why do we show decomm liab of 7180 sep in balance sheet?Isn't it alrdy included in revalued amt of PPE?
latest answer
When we recongnised decommissioning liability, there are two aspects Increase value of PPE & recognise Liability Dr. PPE Cr Liability So we will continue to show changes in liability in liability section.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
175
Timing option - Illustration 6 of SM
AFM
answered on 06-Mar-25 05:36
Sir in this question, we have found out p using risk neutral method but we have taken negative probability also while calculating the expected payoff but in Illustration 2 of SM we have taken payoff as 0 (for the value which is less than the strike price) and taken only the positive payoff and multiplied with its probability to arrive at the value of option. Why are we considering the negative payoff also since the company can ignore the proposal if the savings turn out to be Rs. 12 lakhs. Kindly clarify sir.
latest answer
Yes absolutely
Vigneshwar M
CA Final
★ 2K+
3
188
Forwards - Illustration 17
AFM
answered on 06-Mar-25 05:06
Here dividend is an actual outflow as he has to pay that to the buyer (Since he shorted it, he doesn't have the stock in hand at the time of shorting. Hence, he would not receive it from the company and it has to be paid from his pocket) Am I right sir?
latest answer
Thank you sir
Vigneshwar M
CA Final
★ 2K+
2
179
ILL-2
AFM
answered on 06-Mar-25 05:36
Can u explain in detail in this solution why you have not multiplied with (1-Tax) at 14:32minutes
latest answer
Depreciation
P.udaykumar Pasupulati
CA Final
★ 2K+
3
219
MONEY MAKRKET HEDGING
Financial Management
answered on 06-Mar-25 05:32
I am getting extremely confused here! I am not able to grasp that WHEN exactly do we know that WE are PAYING and WHEN WE are RECEIVING (receipt)????? The wordings are quite similar to each other, hence getting more confused. There must be a stark distinction between money market hedging when there is a Payment and when there is a Receipt. very confused... Can you please clarify this easily? Thank You!
latest answer
Sorry for that I repeating again
Nabeela Faisal
ACCA Skill
★ 0
7
218
Input tax credit 17(5)
Indirect Taxation
answered on 06-Mar-25 16:09
Sir if motor Vehicle used for transportation of goods . Can we claim ITC . In the bare act they have not mentioned .
latest answer
We can claim since it is no where blocked in Section 17(5).
M Naresh
CA Final
★ 3K+
1
202
QUESTION PRACTICE
Direct Taxation
answered on 05-Mar-25 19:09
SIR, apart from the questions in lectures do we need to solve icai questions, PYP, RTP, MTP or is only INDIGO LEARN study material questions is enough
latest answer
Indigolearn would suffice. However, you may practice RTP and MTP.
Sandeep
CA Inter
★ 50
1
230
Analysis b/w P&L of Marginal & absorption method
Costing
answered on 03-Nov-25 16:19
Sir, In analysis of the Profit & Loss statement b/w Absorption & marginal method.... the change in net profits are due to the change in the methods of valuation of inventory ?
latest answer
yes. So in absorption costing indirectly the fixed costs get carried forward. in marginal costing - entire fixed cost is written off in the same period.
Jashvanth.K
CA Inter
★ 11K+
7
268
Rule 17, egm
Corporate & Other Laws
answered on 19-Mar-25 15:28
In this provision 1) Member send notice to other member or Co ? 2) sub rule 6, within 3 days means, it is time period for what
latest answer
Oh okieey mam thank you very much : ) !!
Sushmita Chowdhury
CA Inter
★ 2K+
7
271