Forums
Gratuity Payment Clarification
Others
answered on 19-Jul-24 08:48
I have completed 7 years, 5 months 22 days service in the organization. How many years of gratuity should I am eligible to (7 or 8)
latest answer
7 years
pratul singhal
Qualified CA
★ 0
3
310
Material costing
Costing
answered on 24-Jul-24 05:41
Can anybody say how to solve this if its assumed that itc is available for gst and whether this stores oh will be included in material cost?
latest answer
Thank you mam
Ramya Navanitham
CA Final
★ 75
3
252
Ind As 23- Illustration 12
Financial Reporting
answered on 22-Jul-24 12:43
Sir For the remaining specific Borrowing which is utilised on August 1, Why are we not taking 6 months (upto Jan 31) and taking full period of 10 months. And For General Borrowings we are taking the actual months of incurrence. Can you explain this rule sir?
latest answer
Well explained.
Vijay Ramesh
CA Final
★ 985
3
394
Basic Rates
Direct Taxation
answered on 22-Jul-24 20:14
Hello Can anyone please provide the sol as per New syllabus !
latest answer
Right
Tanya
CA Inter
★ 6K+
7
297
Title of Video
Financial Reporting
answered on 17-Jul-24 08:43
Sir, The illustration that is being solved in this video is Illustration No.16 of the text book, but it is wrongly titled Illustration.21
latest answer
We will upload revised PDF today
Antara MuraliKrishnan
CA Final
★ 20K+
1
257
Exemption
Exams
answered on 17-Jul-24 12:09
I got exemption in accounting G1 in May 2023 now I got exemption in Costing G2 in may 2024 inter exam. Can I apply for both exemption for upcoming exam sep 2024. The problem is the exemption of accounting is auto populate in exam form whereas the other one not appearing!? Help me out
latest answer
Can you tell other subject wise marks in May 24; attempt including accounts and cost marks
Hemanathan Mohanraj
CA Inter
★ 5K+
2
347
Swap Transaction??
AFM
answered on 16-Jul-24 19:41
My doubt is from above example if one company take loan at 3% fixed interest and another company take loan at Libor + 50bsps and both the companies enter into swap transaction how would the interest portion will be treated in accounts Sorry to ask here it may be related to FR but the concept is detailly explain here so I asked here Doubts: 1) if company one take loan at 3% fix and it done swap with another company at libor + 50bsps how would be the accounting treatment will be done? Simply on which interest they will claim deduction in income tax ... Will the company which took loan from Bank at 3% fixed interest will claim that only as deduction in income tax or it will take interest paid under floating as deduction in income tax
latest answer
On what is paid net IT deduction will be taken Eg: You convert floating to fixed, they you receive floating amt (A) from swap counterparty, pay fixed amt B to swap counterparty and Pay floating C to your lender then in books you will account the net amount expense of B+C-A ; since C = A you will account for B as interest expense. Same can be claimed as int expense under IT act
Surya Prakash
CA Final
★ 19K+
1
271
AS 16
Accountancy
answered on 17-Jul-24 13:41
Why is the phase 3 & 4 not capitalised - work is not yet completed right?
latest answer
Construction*
Soon to be CA
CA Inter
★ 4K+
5
333
Doubt
Costing
answered on 17-Jul-24 12:55
Will the costing class of one fin help me to pass(CA Inter)?
latest answer
Please post any subject queries that you have here, and faculty / team shall resolve them
07- Issac Jolly-XII C
CA Inter
★ 16K+
3
284
Revision
Strategic Management
answered on 19-Jul-24 10:49
SM revision part 2 and 3 are same as part 1, please clarify
latest answer
Done.
Ebin Joseph
CA Inter
★ 28K+
4
296