Forums
Rule 86B
Indirect Taxation
answered on 24-Feb-25 17:19
Good morning sir! Rule 86B applies to a registered person only if his taxable supply in a month exceeds ₹50 lakhs. What if the registered person's taxable supply in a month is less than ₹50 lakhs sir? Can he utilize 100% of his electronic credit ledger balance instead of using 99% of it and balance 1% from electronic cash ledger sir?
latest answer
Yes he can. Since the rule 86B does not apply.
Viveka R
CA Inter
★ 3K+
2
351
NRV
Financial Reporting
answered on 24-Feb-25 10:00
as empty bottles are not scrap and valued as per as-2, i.e cost or NRV which ever is lower... what is the cost of empty bottle sir, is it assumed that NRV is the value of inventory and equal to cost
latest answer
Generally you would estimate the cost of the bottles. If not available, NRV can be considered as representing cost.
suresh khannanl
CA Final
★ 3K+
1
336
PGBP
Direct Taxation
answered on 24-Feb-25 17:20
How to Compute presumptive Income
latest answer
Based on business or profession. If business then apply 44AD else apply 44ADA for professional.
Fathima Binth Musthafa
CA Inter
★ 580
2
292
PRE CONSTN PERIOD INTEREST
Direct Taxation
answered on 24-Feb-25 17:24
SIR, If for a house property the loan has been repaid in prev FY and date of completion is in succeeding FY then can i avail pre construction period interest
latest answer
If loan is taken in one FY and property is completed is another FY then pre construction interest would apply.
Sandeep
CA Inter
★ 50
1
350
PRE CONSTRUCTION INTEREST
Direct Taxation
answered on 24-Feb-25 17:25
SIR, for reconstruction of a house property also the same preconstruction period interest concept is applicable or not
latest answer
No. pre construction concept is only for acquisition or construction.
Sandeep
CA Inter
★ 50
1
295
Bonus issue after the reporting period but before FS approved
Financial Reporting
answered on 24-Feb-25 10:04
Sir in case for Bonus issue after the reporting period but before FS approved, does this will be considered in the EPS calulation ?
latest answer
Yes
Hemachandra D
CA Final
★ 9K+
1
327
Portfolio Mgmt- Dividend yield
AFM
answered on 24-Feb-25 14:10
On what should we calculate dividend yield % based on current year market price or previous year price (investment) In Q15, dividend yield is calculated on PY price whereas in Q45, it is calculated on CY Price. Please suggest which one should be preferable in the exam.. To elaborate In Q15, for Krishna Limited we took 22/245 (PY stock price) for dividend yield in year 2012-13 whereas in Q45, while computing dividend yield we took 8.5/147(CY price) for year 2009-10.
latest answer
I have changed the solution after acai New Material came out and i had revised the solution in 2024. I have updated the video and also updated the PDF notes on this .In the introduction chapter i also have a spreadsheet titled " List of updated/corrected videos for minor errors"- in that also i highlighted the change in solution for Q 45 in PM chapter. These updates are available in book we printed late last year but are available on our PDF version of the notes which is available in the intro chapter for all enrolled students In both cases the yield has to be computed on PY value only like in Q 15
Raviteja Kusumanchi
Qualified CA
★ 42K+
1
275
Bonus kind of eliment in the Rights issue and Options/Warants
Financial Reporting
answered on 24-Feb-25 10:06
Sir in case where there is Bonus kind of eliment in the Rights issue , we will consider that bonus eliment was as if from the beinging of the year for Both Basic EPS and Diluted EPS and in case where there is Bonus kind of eliment Options/Warants, we will consider that bonus eliment was as if from the begining of the year only for Diluted EPS and Not Basic EPS calulation Am i Right ?
latest answer
In case of options and warrants, shares are not yet issued. hence it will only be considered for diluted earnings.
Hemachandra D
CA Final
★ 9K+
1
375
When will the CA Final Exam forms will be opened
Others
answered on 25-Feb-25 00:15
When will the CA Final Exam forms will be opened
latest answer
Thankyou so much for the response Sir
adithya thushar
CA Final
★ 3K+
2
376
Fair value losses 2650, 2500
Financial Reporting
answered on 23-Feb-25 16:17
Sir while calulting Earnings for Basic EPS, we have reduced these FV losses from PBIT, is it not these loses already deducted from the PBIT given in the question (or is the case these once directly reduced from Retained earnings ?), ?, Like why its reduced from the PBIT
latest answer
The amounts given is The profit before interest, fair value movements and taxation So it is not just PBIT but PBIT and FV movements.
Hemachandra D
CA Final
★ 9K+
1
333