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Tds 194 C
Direct Taxation
answered on 07-Feb-25 17:48
I have one small doubt in understanding 194 c and applicability of tds For Ex: We Pay Trans 1: 25,000, Trans 2: 20,000 and Trans 3: 35000 In transaction like this did we need to deduct on Only 35000 in Transaction 3 Or whole transactions Retrospectively
latest answer
Since aggregate does not exceed 1L, TDS would apply only on 35,000
Sairam Reddy
CA Final
★ 10K+
3
297
composition scheme
Indirect Taxation
answered on 05-Feb-25 19:07
is "notification 2/2019 dated 7/3/19" applicable only on intra state supplies
latest answer
It is nothing but Section 10(2A) which is applicable only for intra state. Person engaged in inter state outward supplies cannot opt for composition scheme.
Sandeep
CA Inter
★ 50
1
291
Calculation of yearly payment
Financial Reporting
answered on 06-Feb-25 19:42
Sir, How did you calculate the payment amount of 42.55 crs per year in case of sale price 300 crs.
latest answer
Use the second part. From the sale price reduce PV of 100. Balance divide by PVAF.
Pradeepa Narayanan
CA Final
★ 5K+
4
292
ratio analysis
Financial Management
answered on 05-Feb-25 12:56
can we follow vertical balance sheet and profit and loss ac?
latest answer
Yes
Subathra Govarthanan
CA Inter
★ 0
1
261
TUTION FEE
Others
answered on 07-Feb-25 07:24
May I know is ca final registration fees paid to ICAI is eligible for 80C deduction as tution fees And fees paid to Indigo learn is eligible for deduction under 80C as tution fees
latest answer
No because as per 80C only tuition fees paid to recognised universities and institutions are qualified. Now, though ICAI is recognised institution but such is not considered To remember, fees paid to colleges and schools will be considered (but it is necessary that on the fee slip tuition fees is written as a proof)
Lokesh Reddy
CA Final
★ 530
2
285
Interest on delayed payments
Indirect Taxation
answered on 05-Feb-25 19:07
What is the interest % for this question also for how many days (from to ) interest should be calculated plzz do the answer
latest answer
You should calculate 18% from the time when wrongly availed ITC is utilised.
Krishna Krishna
CA Final
★ 780
1
302
general doubt about theory chapters in AFN
AFM
answered on 05-Feb-25 12:39
Do we have to refer ICAI material again to study the theory topics and questions (including MCQ), or are the theory questions given in 1FIN's theory book enough for exam and mcq ?
latest answer
Practical questions we have covered 100% no need to go back to ICAI material
Ali S
CA Final
★ 8K+
3
344
Expenses to be deducted for calculation of NAV
AFM
answered on 04-Feb-25 12:49
sir should brokerage expense and advertiement expense be deducted from calculation of NAV?
latest answer
Yes They are Asset Management expenses - Total Expense Ratio includes all these. SEBI has caps ( eg 1%, 2% etc) on these. If more than cap is incurred, the AMC cannot recover these from Fund they have to bear it on own
P AKSHAYA
CA Final
★ 260
1
335
Ind AS 38- Intangible Asset
Financial Reporting
answered on 04-Feb-25 08:34
Is trademark an intangible asset?
latest answer
Yes.
Angel Maria Varghese
CA Final
★ 9K+
1
240
Why to account seperately ?
Financial Reporting
answered on 07-Feb-25 10:12
Sir we considered the both are as interelated and interdependent, so they are not seperate lease component, but single lease component, so ideally should consider as single and should not account seperately but they are also lease compoenent (shop) + Non Lease component (lift AMC, etc) so we are accounting seperately in the proportion of standalone price Am i right
latest answer
Single Lease Component (Interrelated and Interdependent) When two or more lease components are highly interrelated and interdependent, they should be combined into a single lease component under Ind AS 116. Example: If a retail store (shop) and a warehouse must be leased together and cannot function separately, then they form a single lease component. Lease Component + Non-Lease Component (Separate Accounting) When a contract includes both: Lease Component (e.g., Shop Space) Non-Lease Component (e.g., Lift AMC, Maintenance, Security, etc.) these should be accounted for separately.
Hemachandra D
CA Final
★ 9K+
1
303