Forums
AS 13
Accountancy
answered on 03-Jul-24 16:15
As per AS 13 when we acquire an investment for exchange of an asset if FMV of asset given up and FMV of asset acquired both are given , which one should we consider as cost of acquisition? Is the answer same for AS 10 PPE also ? If yes why?
latest answer
AS 13 - First preference FV of asset given up. If FV of asset received is more evident, use that. AS 10 - Similar treatment. First preference FV of asset given up. If FV of asset received is more evident, use that.
Niveta Rajkumar
CA Inter
★ 6K+
2
316
Salary
Direct Taxation
answered on 03-Jul-24 16:29
Employer contribution more than 750000 then taxable Again if more than 12% then taxable Is it not double taxation ?
latest answer
It is taxed only one time. No concept of double taxation.
Sushmita Chowdhury
CA Inter
★ 2K+
2
289
Incubators
AFM
answered on 02-Jul-24 10:31
Hi sir , who are incubators as mentioned here ? Are they kind of accelerators ?
latest answer
Yes
B. Dinesh
CA Final
★ 3K+
1
250
Company audit
Auditing
answered on 02-Jul-24 20:07
Shd we read company audit for CA Final Nov 24 attempts
latest answer
Ok sir
R Yashwanth Kumar
CA Final
★ 87K+
2
285
Maximum exchange
AFM
answered on 01-Jul-24 20:53
Hi sir, Instead of method used in this problem, can we compute the part 4 in terms of market cap as per illustration no.7 ?
latest answer
yes we can
B. Dinesh
CA Final
★ 3K+
1
277
Exchange ratio
AFM
answered on 01-Jul-24 20:51
Hi sir, in question they mentioned B ltd will take over using a Share for share exchange. Doesn't share for share means ' for 1 share of C, 1 share of B should give' ? But we took exchange ratio as CMP of B & c . What is meant by "share for share exchange " in this question ?
latest answer
You need a top tier MBA or top 10 Rank in final to get into PE firms
B. Dinesh
CA Final
★ 3K+
3
394
Quantitative methods
CFA
answered on 01-Jul-24 13:43
How did they get the pv of cash flows of 1000 for 5Y as 4167? What formula should I use here? Is it pv of annuity formula which is Annuity/R *[1-1/(1+r)^n? If my formula was correct pls say what No of years should be
latest answer
I've got the answer thank you
Dhakshana Dhakshana
CFA L2
★ 18K+
1
281
cross offer
Corporate & Other Laws
answered on 01-Jul-24 12:54
Isn't the cross offer valid? can a cross offer be accepted?
latest answer
Cross offers are not valid offers
Aamina Muneera
CA Foundation
★ 1K+
1
277
MISTAKE IN MATERIAL
AFM
answered on 02-Jul-24 10:31
given as Borrow in GBP, instead of Borrow in $ ( Material have lot of Mistakes, Please go through that. ....
latest answer
We have uploaded PDF material - pls use that
ezy pan
CA Final
★ 130
3
208
salary
Direct Taxation
answered on 03-Jul-24 16:37
wrt attachment = paramvir chakra etc if its uncommuted pension then taxable ?
latest answer
Interest in excess of 9.5% is taxable. Further, in case of employee contribution taxability would arise even if less than 9.5% if contribution is more than 2.5L or 5L as the case may be.
Sushmita Chowdhury
CA Inter
★ 2K+
4
353