Forums
Place of supply
Indirect Taxation
answered on 14-Feb-25 21:46
As per sec 12(11) telecommunication services... For pre paid mobile connection the POS if it is supplied to the selling agent, reseller distributor... Is the address of the selling agent. And if the prepaid services payment made through internet banking / electronic mode is location of the recipient... Can anyone explain clearly? And what if services are provided by the agent but the payment is done through electronic mode what is the POS here ?
latest answer
If payment is made through online then POS will be address of recipient only. If recharge is done through selling agent and payment is made to selling agent then POS would be address of selling agent.
Jashvanth.K
CA Inter
★ 11K+
1
253
Regarding eps
Accountancy
answered on 18-Feb-25 14:33
Sir in icai study material comprehensive question 9 chapter eps during calculation of eps we should take bonus share as 5lakhs ×12/12 as there is no increase in resource or further issue before issue of bonus
latest answer
Yes
Surya Kiranmayee
CMA Inter
★ 0
4
307
Illustration 33 - security valuation of equity
AFM
answered on 14-Feb-25 10:14
While finding shareholder's wealth can't we take 1060 (i.e without adding subscription amount of 150) as pre-rights issue wealth and 1230-150=1080 as post right's issue price, as we did in other problems?
latest answer
this question is different because in this Q, there is a project, whose investment & NPV values are available and benefit of the project has to be added to shareholder wealth
Ali S
CA Final
★ 8K+
2
266
In the question, since it is elder brother in the question, should we consider it as exempt and taxable value is 0?
Indirect Taxation
answered on 14-Feb-25 21:47
In the question, since it is elder brother in the question, should we consider it as exempt and taxable value is 0?
latest answer
Brother is related person only if he is dependent wholly or mainly.
Manu Jacob
CA Final
★ 6K+
1
222
computation of Ke
Financial Management
answered on 14-Feb-25 11:04
sir, can i find Ke using = Ko+D/E(Ko-Kd)(1-Tax) this formula
latest answer
Yes
Satheesh Kumar
CA Final
★ 15K+
1
254
Business Combination
Financial Reporting
answered on 14-Feb-25 10:07
Q 13 from TYK of Module 4 (Old Book) (Attached Q for reference) Why is it not considered as case of common control here, as Y ltd only controlled the JV before and after the withdrawal of participating right of Z ltd from JV?
latest answer
in JV case its not control but joint control
Raviteja Kusumanchi
Qualified CA
★ 42K+
2
246
Compromises, Arrangements, Amalgamation
Corporate & Other Laws
answered on 16-Feb-25 15:11
In compramise and arrangement The scheme Related to Creditors is objection by the creditors having 6% of the total outstanding debt But in the creditors meeting the creditors majority persons representing the 76% of value who are present and voted in favour of scheme Now what is the validity of scheme? And explain The Reason..
latest answer
The objection as well as proposed scheme shall be moved to NCLT. NCLT will suggest suitable modifications to address the objections and accordingly pass the scheme.
Chan Dra
CA Final
★ 0
1
257
illustration 6
Costing
answered on 13-Feb-25 16:49
why are we taking contribution rather than taking actual selling price like we did in the previous question?
latest answer
Contribution is a % of sales. So if you take sales and reduce variable costs, you would reach the same contribution.
Abhaya Pillai
CA Inter
★ 0
1
245
Should we not subtract the Government subsidy received?
Indirect Taxation
answered on 14-Feb-25 21:48
In the question its said the list price takes into account the 2 subsidies. Hence shouldn't we subtract the Gov subsidy from the list price?
latest answer
When they say it takes into account "It means that subsidy is already reduced"
Manu Jacob
CA Final
★ 6K+
1
231
inc from HP & agricultural income
Direct Taxation
answered on 14-Feb-25 21:39
Sir, a] why is std deduction of 30% deducted from income from HP as income in question would have been provided after dedducting standard deduction? b] under what head would agricultural income from outside india be considered?
latest answer
When they say rental income it is before standard deduction. Thats why we deduct 30%. If question specifies as Income from House property. Then we do not reduce. Agricultural income from outside India will be taxed under IFOS.
Sandeep
CA Inter
★ 50
1
375