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GST- ASSESSMENT AND AUDIT 3 RD VIDEO 6.28 MINUTES
Indirect Taxation
answered on 19-Feb-25 21:48
PLEASE CONFIRM ANIMATED FIGURES ARE CORRECT OR NOT
latest answer
Thanks for pointing out. There is issue in animation. Will get it rectified. Thank you.
Nisam M
CA Final
★ 1K+
1
194
Quorum
Corporate & Other Laws
answered on 04-Mar-25 08:46
Proxy are counted in quorum ?.
latest answer
to ensure enough people are present in the meeting - that is the law
Sushmita Chowdhury
CA Inter
★ 2K+
7
250
Residential status
Direct Taxation
answered on 19-Feb-25 21:41
Solve the photo attached all the questions from Q2 to Q6
latest answer
Share your wokings. Would reply about the correctness.
Nandani Thacker
CMA Inter
★ 0
1
263
Opening bal
Accountancy
answered on 27-Feb-25 10:57
In this ill trade receivables opening balance only 200 but you put is as 250
latest answer
Thank you sir
Kanagaraj Selva
CA Inter
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2
232
Illustration 35 - portfolio management
AFM
answered on 18-Feb-25 16:35
Is it ok if we find the return of portfolio each year and then do the workings, instead of finding for each security separately and then applying standard deviation of portfolio formula.
latest answer
Yes You can do that way also. No issue, you will get same answer
Ali S
CA Final
★ 8K+
1
196
INDAS 12 Income Taxes
Financial Reporting
answered on 18-Feb-25 16:13
A deferred tax liability shall be recognised for all taxable temperory differences except when DTL arises from:- 1) Initial recogniton of goodwill 2) Initial recogniton of an asset /liability in a transaction which (i) is not a business combination (ii) at the time of transaction which neither affects the accounting profit nor taxable profit I am not clear about the 2(ii) point. In video 8 of this standard, an illustration explains that the transaction does not impact the accounting profit, even though it is also mentioned that the aggregate depreciation in the books is 100,000. It would be helpful if the 2(ii) is explained.
latest answer
Assume a company installs a plant and, under legal requirements, must dismantle it after 10 years. It recognizes: A liability for decommissioning - say ₹2,00,000, discounted to present value A corresponding asset (Capitalized cost added to the Plant). At the time of initial recognition: Accounting Impact: No immediate profit or loss impact (since both asset and liability are recorded at the same amount). Tax Impact: The tax laws may not allow the liability as an expense immediately (hence no impact on taxable profit). This is a case of exclusion
Parvathi Jayachandran
CA Final
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1
259
Budget
Direct Taxation
answered on 19-Feb-25 21:42
Updated return time limit increased form 2 year to 4 years is this update is retrospective
latest answer
Need to await clarification on this. Will update.
Sruthi sruthi
CMA Inter
★ 640
2
206
Consolidated Financial Statements
Financial Reporting
answered on 18-Feb-25 11:12
Hi Sir, In the above solution, we have bifurcated share of Net profit in Associates into NCI portion and to the parent. Should we bifurcate Net assets of Associates to NCI and Investment in Associates?
latest answer
The share of net profit automatically captures net assets.
ahmad bunyamin
CA Final
★ 1K+
1
169
Charge of gst
Indirect Taxation
answered on 25-Feb-25 12:21
If GTA is registered and choose Rcm @5%. If we received such services from Gta and while paying in GSTR 3B, is mandatory to convert it in 12 or 18% for claiming Itc.
latest answer
For recipient, ITC will be available.
Sairam Reddy
CA Final
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5
227
Difference between provisional assessment and advance ruling
Indirect Taxation
answered on 19-Feb-25 21:50
What is the difference between provisional assessment and advance ruling? Why would someone chose 1 over the other?
latest answer
Both are similar but the primary difference is that provisional assessment is only when we are unable to determine the value or rate of tax.
Manu Jacob
CA Final
★ 6K+
1
221