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Regarding 2nd illustration
Direct Taxation
answered on 01-Apr-25 20:39
How the answer came 21000 instead of 33000.
latest answer
Clerical mistake. Thanks for pointing out. Will resolve it.
Subham Poddar
CMA Inter
★ 940
1
252
Baggage
Indirect Taxation
answered on 01-Apr-25 20:36
In the illustration 2, is it necessary to carry different physical bag for each person for claiming individual gfa.
latest answer
Not necessary. Baggage declaration form should be filled separately.
Akshay Shabu
CA Final
★ 2K+
1
282
As7
Accountancy
answered on 09-Apr-25 17:25
Why answer if 360 Total contract value is 370, total cost 360+50 =410 then loss is not taken here why
latest answer
Solution is incorrect.
Sushmita Chowdhury
CA Inter
★ 2K+
3
286
IND AS 116
Financial Reporting
answered on 31-Mar-25 19:27
Sir in case of sublease, if remaining period of Head lease is 3 years and sublease is given for 3 years then we shd compare 3y with 3y to apply whether Finance lease conditions satisfies or not But in study material then have mentioned they will compare total head lease period 5Y with sublease period 3Y, Which is correct?
latest answer
Yes
R Yashwanth Kumar
CA Final
★ 87K+
3
233
CA FOUNDATION MAY'2025 CHANGES
Exams
answered on 31-Mar-25 12:41
pls share the new syllabus changes of all the 4 subjects 🙏
latest answer
I am refering to the old material. Law updates will be provided by end of this week
Viswas
CA Foundation
★ 470
4
493
ROCE
AFM
answered on 31-Mar-25 11:37
For finding ROCE, the numerator should be EBIT(1-t), right? as tax amount won't be available to debt holders or shareholders.
latest answer
Q is from Nov 19 link below https://www.indigolearn.com/resources/CA-RTPs-MTPs-Suggested-Answers/Final/2017-2023/Paper-2-Strategic-Financial-Management/Suggested-Answers/4b0bea2805644b5586211734c61b3397/CA-Final-New-Strategic-Financial-Management-SFM-Suggested-Answers-Nov-2019/33b025c9bd1043bc84c8f8c9baf0a6b9/r ROCE is calculated pre tax as well as post tax and as you rightly said post tax is usually preferred. However icai chose to follow pre tax method in this question You can make an assumption compute post tax and should ideally get full marks
Ali S
CA Final
★ 8K+
1
338
Reporting cashflows on net basis
Financial Reporting
answered on 31-Mar-25 18:22
Sir, Small clarification required regarding the adjustment of cash assumed from the subsidiary: Can I show the gross amount paid to outsiders as "Cash paid to acquire subsidiary in investing activities" and adjust the cash assumed as a reconciliation item between opening and closing Cash and cash equivalents. Or do we need to show it as a net basis compulsorily?
latest answer
In consolidated financial statements it would be net basis. Since only the amount paid to outsiders would be reported as cashflow. Since the payment and receipt is a part of single transaction, it is shown on net basis.
Chaitanya Sai Gupta
CA Final
★ 4K+
1
311
Hoe many times can the eway bill be amended or assigned to a different transporter? For example if goods are being transported from Kashmir to Tamil Nadu through 5 different transporter, can it be reassigned 5 times?
Indirect Taxation
answered on 01-Apr-25 20:34
Hoe many times can the eway bill be amended or assigned to a different transporter? For example if goods are being transported from Kashmir to Tamil Nadu through 5 different transporter, can it be reassigned 5 times?
latest answer
Yes we can.
Manu Jacob
CA Final
★ 6K+
1
316
Investment decision-Case scenario May 2025 study material
Financial Management
answered on 31-Mar-25 00:07
I believe that the subscription income should be (2000+2000)*5000= ₹2cr for 1st year and accordingly going forward but it's given as (2000/2)*5000=50 lakhs for first year in the solution. There is also an ambiguity in the solution regarding the fixed salary expense of delivery staff where monthly salary is ₹15000p.m but the solution does not consider it as the monthly income and takes it on a per annum basis. Pls help me with this.
latest answer
Appreciate your observation.. yes, as mentioned, we have made the corresponding corrections in both the places.. you may go through my video class for better clarity
Jai Adithya
CA Final
★ 14K+
3
291
Confirmation of answer
AFM
answered on 30-Mar-25 13:48
Both answer a and b are correct na ?
latest answer
Achaa achaa, understood !!
Hrishikesh Pradhan
Qualified CA
★ 18K+
2
229