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Lease Liability
Financial Reporting
answered on 12-Sep-24 15:37
Since the payment of first lease is being made in year 0 , in order to compute the lease liability should it not be considered? Can it be taken as for year 0 = PV is 1 and for remaining 9 years PVAF= 6.8017. So total PV of lease payment(Lease liability) is 7.8017*200000=1560340?
latest answer
Here it is not mentioned before the commencement of lease.
S Shriram
CA Final
★ 0
8
214
Registration
Indirect Taxation
answered on 07-Sep-24 19:37
If a person is exclusively engaged in supply of handicraft goods ( Inter State) in Assam, then what will be the threshold limit for registration u/s 24?
latest answer
Thanks sir
Sagar Kathuria
CA Final
★ 3K+
2
245
As 7
Accountancy
answered on 02-Sep-24 13:48
How to solve these MCQ ? Method
latest answer
These are not wrong.
Lucky Ten
CA Inter
★ 0
4
220
As2
Accountancy
answered on 02-Sep-24 13:49
What is the ans ? For this question
latest answer
the question is not drafted properly.
Lucky Ten
CA Inter
★ 0
8
270
MISTAKE
AFM
answered on 29-Aug-24 15:21
Calculation for the month of March 2009 is not in material.
latest answer
Will get it added. However in mar there is no rebalancing - thanks for highlighting
ezy pan
CA Final
★ 130
1
163
Capital Gains
Direct Taxation
answered on 29-Aug-24 19:07
Can we apply grandfather rule while calculating Cost of acquisition in case of bonus share ?if not why?
latest answer
Yes. If it is before 31.1.2018
Mainak Chakraborty
CA Inter
★ 0
1
315
Omnibus amendment
Indirect Taxation
answered on 29-Aug-24 19:02
Pls explain in brief when taxable when exempt
latest answer
If supplier is company then company is liable to GST is company. However, if supplier of service is other than company then the person liable to pay GST is ECO.
Sushmita Chowdhury
CA Inter
★ 2K+
1
293
As 7
Accountancy
answered on 30-Aug-24 09:26
Hownto solve this MCQ ? Method?
latest answer
Materials purchased - Materials unused = 50 Labour = 60 Depreciation = 100/15*3 = 20 Future costs to incur = 80 Total costs = 210 Less : Fixed price contract = 200 Loss of 10L
Lucky Ten
CA Inter
★ 0
5
203
As 7
Accountancy
answered on 02-Sep-24 23:01
How to do this question ? Method?
latest answer
Ya got it sir
Lucky Ten
CA Inter
★ 0
2
266
query regarding exception for consideration in a contract:
Corporate & Other Laws
answered on 03-Sep-24 11:25
Hello, ma'am. I am Hussain. and my question is, when you was explaining the exceptions to no consideration no contract concept, in the second example, that is "a person finds Diamond ring on the road and he finds a lady near, he goes to her and asks whether it is yours or not. and that is lady's ring and she takes it and promise's to give 2000RS to the person. but, according to quasi contract when any person finds lost goods it is his Responsibility to return those. the legal obligation is enforced on him by law. and when explaining rules regarding consideration, you told that consideration for performing legal obligations or Responsibilities is not a Valid consideration. so, what if the promiser question's like this? "the person who finds the diamond ring was legally bind to return it. and consideration for legal obligations is not valid so, I don't need to pay any amount to him". thankyou.
latest answer
There is no obligation to pay any amount however if the actual owner promises to pay the amount then he is legally bound by the promise.
Hussain Ansari
CA Foundation
★ 1K+
1
242