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Investment by subsidiary in sub-subsidiary
Financial Reporting
answered on 02-May-25 08:47
@ 19:31 Sir, can it be seen as the parent investing in the sub-subsidiary (₹ 224 = ₹ 280/75% X 60%), because we already computed the effective stake of parent in each of its subsidiaries (i.e., 60% for SS Ltd.)?
latest answer
OK. Thanks, sir.
Denz Philip
CA Final
★ 10K+
2
268
Interest for late payment
Indirect Taxation
answered on 29-Apr-25 20:41
Sir ,Principal supply is Goods in case interest for delay payment , Discount given recovered , Cancellation charges(collected by E-Com operator given in question , it will be considered as composite supply or the rate to be taken separately as if it is a service ?
latest answer
Thank you Sir
Prethivi Rajan
CA Final
★ 9K+
2
297
IND AS116-Leases illustration 37
Financial Reporting
answered on 01-May-25 17:14
Greetings sir! In case of decrease in lease term, we will compare lease liability, considering decrease in lease term (8yrs), at the end of 5th year right sir..,like what should be the balance end of 5th year and what is the balance now.., likewise we need to account for ROU know sir by applying the logic, we should compare 3,80,000(which is balance at end of 5th year considering 10year lease term) and Rs.2,32,875(which is balance at 5th year end considering 8yrs lease term..i.e., {(1,00,000*6.21)/8*3}..,6.21 is PVAF of 6% for 8yrs..,can you please give me clarification why we are not using that logic sir?
latest answer
refer attached
Priya Bhimani
CA Final
★ 8K+
1
221
Deduction of Floatation cost
Financial Management
answered on 28-Apr-25 16:52
sir, in this sum we have deducted floatation cost 4 percent from the issue price/market price of debentures, is floatation cost always calculated on issue price ? because in illustration 22 we calculated floatation cost for debentures on face value whereas issue price/net proceeds was found as 93.75
latest answer
Ill 22 is from ICAI SM Q 5 - here they have considered floatation cost as % of FV - page 55 https://resource.cdn.icai.org/81826bos65985-cp4.pdf Ill 28 is from Nov 2020 RTP - here they have considered it as % of Issue proceeds - https://1fin.link/resource/6b43755e5da04f1db4c0b4f6beea813a Hence we followed the ICAI logic for respective questions In real world one considers issue price only. Please state your assumption clearly in the exam and solve the question if the question is not clear
Venkatesh
CA Final
★ 0
1
271
Registration related
Others
answered on 09-May-25 11:14
I need to apply for ca inter jan2026 but I have only two semester original marksheets .Last date for registration is 1st may2025 Now what can be done ? Pls help
latest answer
Do you have soft copy of other marksheet? Else you need to get a fresh copy of marksheet.
gopika sivaperumal
CA Inter
★ 6K+
1
271
Depreciation
Auditing
answered on 01-May-25 10:59
Is depreciation on fixed asset allowable for hospitals and schools if they are registered as trust or society ?
latest answer
Yes, depreciation on fixed assets is allowable for hospitals and schools registered as a trust or society, subject to certain conditions under the Income Tax Act, 1961
Mebin Baby
CA Inter
★ 0
1
279
FINANCIAL INSTRUMENTS , IND AS 115 and CONSOLIDATION
Financial Reporting
answered on 28-Apr-25 13:05
Is doing all the questions in 1FIN's book enough for exam?
latest answer
Yes. Plus refer to the revision of these chapters
Ali S
CA Final
★ 8K+
2
251
doubt
Accountancy
answered on 14-May-25 12:16
what is meant by Interpretation. In simple terms
latest answer
to understand. interpretation of law - understanding the law
Manoj R
CA Foundation
★ 3K+
1
292
Disallowance
Direct Taxation
answered on 28-Apr-25 17:47
Assessee purchased a machinery cost of 5 lakhs, 3 lacs was paid in cash and balance 2 lacs paid in E payment method, so the 3 lacs will be disallowed, the disallowed amount should be included in Cost of Machinery or not ?
latest answer
Thank you Sir
Prethivi Rajan
CA Final
★ 9K+
2
353
Deduction
Direct Taxation
answered on 28-Apr-25 16:30
1) pls explain the diff in 1 & 2
latest answer
2nd case is about partial withdrawal
Sushmita Chowdhury
CA Inter
★ 2K+
2
306