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Direct Taxation

answered on 17-Dec-24 07:24

what is the difference between immediately proceedings previous year and immediately proceedings financial year

latest answer

Both are same

Uma

Uma

CA Inter

★ 490

1

577

Undivided Share of Land

Financial Reporting

answered on 06-Jan-25 18:05

Sir, suppose a company decides to invest in a flat as investment property, and the property's title deed separately specifies the value towards the building and the value towards the undivided share of land. Since the (undivided share) land value itself isn't realizable alone, how (under what name) can the company recognize the investment property and how can it charge depreciation in real life scenarios?

latest answer

Okay, sir. Got it! Thank you.

Denz Philip

Denz Philip

CA Final

★ 10K+

5

769

classification of entity

Accountancy

answered on 17-Dec-24 15:05

In case any one of the category is not met the level 1. Is considered as large size entities or not?

latest answer

If any critieria is met, it is considered as large.

bharathipriya

bharathipriya

CA Inter

★ 3K+

1

259

joint venture vs joint operation

Financial Reporting

answered on 21-Dec-24 07:45

where the separate entity is not formed then it is joint operation and where the two entities come together an d float a separate entity and the contractual arrangements provide that they have share in assets liabilities income and expenses and also the parties involved in such arrangements get a share in the assets liabilities income and expenses of such arrangements and the parties get their output of such arrangements and the entity derives the cost of providing the output from the parties then it is joint operation otherwise it is the joint venture.

latest answer

Is it a doubt?

natarajan k

natarajan k

CA Inter

★ 3K+

1

1K+

Doubt

Financial Management

answered on 17-Dec-24 14:14

I computed this question using leverage... How would i know which method to use?

latest answer

Faculty also used leverage ratios to compute. Pls share your solution and share what is the exact issue you are facing

07- Issac Jolly-XII C

07- Issac Jolly-XII C

CA Inter

★ 16K+

2

677

NCFM and NISM Certitfcates Validity

Others

answered on 16-Dec-24 20:12

sir im interested to do either of ncfm or nism. but as per info that i got, i have learnt that 1. nism certificate valid only for 3 years and we must either take retest or finish cpe/e-cpe programs within 12 months prior to expiry of certificate to get validity of certificate extended by further 3 years. is it rue. kindly guide me sir 2. what is validity of ncfm certificate. 5 yeras or lifetime sir. 3. for ncfm certificate, if there is fixed validity, should i have to renew it and how to do it

latest answer

I am not aware If any other student is aware pls feel free to respond

Rohit Ramesh

Rohit Ramesh

CA Final

★ 0

1

1K+

Repeated question

AFM

answered on 16-Dec-24 15:35

Sir this question is repeated in mock and question paper. But I can't understand the answer for it.

latest answer

Ok sir

Sathya k

Sathya k

CA Final

★ 9K+

4

277

If tax was there

Financial Management

answered on 16-Dec-24 15:35

Could you mathematically explain... If the tax was not ignored

latest answer

Repair costs you woudl have tax benefit

07- Issac Jolly-XII C

07- Issac Jolly-XII C

CA Inter

★ 16K+

3

630

SA 710 - Comparative Information

Auditing

answered on 16-Dec-24 16:32

I dont understand the point b. Can somebody explain?

latest answer

👍

R M

R M

ACCA Professional

★ 4K+

3

820

Related to portions

Others

answered on 18-Dec-24 19:01

Actually I got class for Jan 2025 but the year mentioned in the question of the illustration is irrelevant I.e 2016 nd 17 but in my book 2022 nd 23...why it is not updated?

latest answer

Our PDF shows 2016 Dec 31st only. Attached screenshot. Video also says Dec 31 2016 If your 1FIN printed book has a diff date, then that might be a misprint which we would have corrected in subsequent versions If you are asking why are we solving a 2016 Q for Jan 25 exam, we have solved a lot of questions from past papers and icai SM. There are several questions in ICAI SM itself which have older dates. Pls check PDF link below page 54 - question is about 20-21 even though we will be in 2025 in 15 days https://resource.cdn.icai.org/81825bos65985-cp3.pdf So request you to kindly focus on substance over form

Papu Kandasamy

Papu Kandasamy

CA Inter

★ 0

1

271