Forums
Input tax credit
Indirect Taxation
answered on 05-Mar-25 19:07
Sir, can you please explain the point explained in the class, how does this credit functions? Means A sold goods to B and B gets credit. I didnt understand this point. Can you please Explain.
latest answer
B get credit for the tax paid to A and C gets credit for tax paid to B. Ultimate burden falls on the end consumer only.
Amitha A R
CA Inter
★ 0
3
316
Auction sale
Corporate & Other Laws
answered on 03-Mar-25 15:35
1)since madhu is bidding on the behalf of the auctioneer then why in second case the sale becomes lawful it is unlawful right?? 2)In first case why MR DEV is rejected this is confusing and not understandable
latest answer
If the right to bid is not notified, it only means the seller cannot bid or appoint someone to bid; public participation is still allowed. RN Association, being the auctioneer and not the seller, cannot bid or direct someone to bid on its behalf. Section 64 applies only to the seller and restricts bidding unless expressly notified. In the second case, if Mr. Dheer was a genuine bidder and not acting for the seller, the sale is lawful. If the seller had bid without notifying the right to bid, the sale would be fraudulent under Section 64.
M Pavan
CA Foundation
★ 290
1
191
section18(6)
Indirect Taxation
answered on 06-Mar-25 22:44
Does this section applies to all reg. persons who sold capital goods( on which ITC is claimed) irrespective of the holding period of the capital goods by such person ?
latest answer
Okay Sir
Nisha M
CA Final
★ 2K+
2
308
Ind as discounts
Financial Reporting
answered on 28-Feb-25 09:32
Cash discounts cannot be reduced from the cost during initial recognition under ind as 16,40,38,2 And volume discounts and trade discounts can be reduced for the same Is this correct??
latest answer
Yes
Christeena Ambel
CA Final
★ 80
2
164
CA FOUNDATION SYLLABUS CHANGE MAY'25
Exams
answered on 18-Mar-25 09:07
can anyone please tell me what are the changes made in the new syllabus??
latest answer
In business economics - Money Market Unit 2 - Illustration 5 is removes. Except this there is no changes in business economics and maths. Law will update soon.
Viswas
CA Foundation
★ 470
6
799
Associate and subsidiary company
Corporate & Other Laws
answered on 11-Mar-25 23:20
1)what is the answer for this question, and 2)XYZ is can not be a subsidiary of ABC this statement is correct ? 3)ABC need to be a subsidiary or associate of XYZ this statement is correct?
latest answer
Hello sir
M Pavan
CA Foundation
★ 290
3
197
Auction sale sec 64
Corporate & Other Laws
answered on 27-Feb-25 14:36
1)If right to bid not notified then only invited people are only entitled to participate in bid ?? 2)RN ASSOCIATION is auctioneer. So, he has right to bid or direct any person to bid on behalf of RN ASSOCIATION right? As per sec(64) only for the seller the right to bid notified right, if yes then in second case sale must be lawful right? I need clarification on this case for both two doubts?
latest answer
Section 64 restricts only the seller from bidding unless the right to bid is expressly mentioned. Since RN Association is just the auctioneer and not the seller, this rule does not apply to them. If the seller or someone on their behalf had bid without notification of the right to bid, then it would be unlawful. However, if the buyer (Mr. Dheer) was a genuine bidder and not acting on behalf of the seller, the sale is lawful.
M Pavan
CA Foundation
★ 290
1
234
Acca Financial reporting
Financial Reporting
answered on 27-Feb-25 15:53
sir the topic shows Ind as 7 , is this required to watch according to the acca syllabus or knowledge purpose. their is a another lecture on the statement of the cash . please guide me once
latest answer
Thank you sir
Sai Ram Ainala
ACCA Professional
★ 9K+
2
195
Income deemed to accrue in india
Direct Taxation
answered on 27-Feb-25 13:19
Tax on Australian bonds(50% is received in india) y is this taxable need clarity on this alone
latest answer
50% received in India will be taxable for all.
kavith kavi
CA Inter
★ 640
2
243
ORDER OF CLASSES
Direct Taxation
answered on 27-Feb-25 13:23
SIR, should i watch the chapters in order as given in letures or can i jump to tcs, adv tax after 5 heads, is the lecture heads independent of each other?
latest answer
You can go ahead.
Sandeep
CA Inter
★ 50
2
223