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AS 16 Borrowing cost
Accountancy
answered on 16-Aug-24 15:55
In the calculation of average accumulated expense, why is the expense for august 2023 ₹10,00,000 valued for 10 months instead of 6? (1st august 2023 to 31st January 2024)
latest answer
specific borrowing is taken for full period. Any income from such borrowing (when they are invested ) are deducted.
Sujitha M
CA Inter
★ 1K+
1
273
AS 16 Borrowing Cost
Accountancy
answered on 16-Aug-24 19:00
Can anyone please explain the computation part? J have arrived at the average interest rate at 11.9% but why can't I apply the same to funds incurred?
latest answer
OK sir got it
Sujitha M
CA Inter
★ 1K+
2
321
Insurance, other sources
Direct Taxation
answered on 17-Aug-24 18:04
I have doubt in understanding note Eg = There's a policy Z if date is issue 1/7/23 and maturity date 1/10/30 that is consideration received if before py33-34 & Annual premium ₹2lac i e less than 10% & ₹5lac & consideration received ₹30lac, so 30lac became exempt I.e assessee received consideration before py33-34 Then what will happen to A & B ? How will Z impact A B
latest answer
If policy is taken on or after 1.4.2023 then 5L limit is considered and not the percentage. If policy is taken before 1.4.2023 then the limit of percentage is considered.
Sushmita Chowdhury
CA Inter
★ 2K+
10
355
Leverage
Financial Management
answered on 20-Aug-24 00:26
From which formula or concept combined leverage is used to reduce EBT to zero
latest answer
Yes. There is a direct method to compute the same when there is no preference dividend in the question. Please refer to the full video no.8 in the chapter leverages where I had explained the multiple formulae regarding the same conceptually
rgshrinidhi rgshrinidhi
CA Final
★ 3K+
4
301
Ind as 116
Financial Reporting
answered on 16-Aug-24 12:53
Sir the lease liability is 300000 * 4.465 1339532
latest answer
Thanks for highlighting. Will update it.
sai pramod
CA Final
★ 51K+
1
205
6.Do you have any tax liability Due to GST TRIN -1 ?(System -populated ) table 6 sir why u not select this option yes or no without selecting u go next step sir
Indirect Taxation
answered on 17-Aug-24 17:59
6.Do you have any tax liability Due to GST TRIN -1 ?(System -populated ) table 6 sir why u not select this option yes or no without selecting u go next step sir
latest answer
TRAN 1 is no more relevant now. It was related to transitional credit during July 2017.
R G
CA Inter
★ 9K+
1
192
Capital gains
Direct Taxation
answered on 17-Aug-24 18:00
in this question how the depreciation is RS. 45000.Why cant we solve like this :- (2,50,000 Rs) *15% + 850,000 Rs*15%*1/2=(37500)+63750=26250 Rs
latest answer
Out of closing WDV first we assume it to be towards new purchases if it is less than 180 days and balance we would claim full depreciation.
Niveta Rajkumar
CA Inter
★ 6K+
3
411
Deduction not allowed = other sources
Direct Taxation
answered on 14-Aug-24 18:02
Explain 3rd point with example
latest answer
If salaries are paid outside India without TDS then the expenditure is disallowed.
Sushmita Chowdhury
CA Inter
★ 2K+
1
310
Intrest
Direct Taxation
answered on 14-Aug-24 20:58
If it saying intrest relates to PY 19-20 then it should be taxable in 20-21 Why it's taxable in AY 24-25 ?
latest answer
Since it is received during PY it is taxable during PY
Sushmita Chowdhury
CA Inter
★ 2K+
6
284
LIP
Direct Taxation
answered on 14-Aug-24 14:04
When it will be 10 and when 15 % ? If 5lac exceed then what is the provision and if 5lac dnt exceed then what is the provision Pls explain this para
latest answer
If policy is taken on or after 1.4.23 and premium is more than 5L then the maturity amount is taxable irrespective of percentage
Sushmita Chowdhury
CA Inter
★ 2K+
3
259