Forums
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
332
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
359
Chapter 9 - Management of Working Capital - Illustration - 5
Financial Management
answered on 19-Aug-24 23:59
Can anyone explain, how the units of Debtors is derived (i.e 6000 units), On my calculation I am getting 6,750 units.
latest answer
Sundry debtors/SP pu 1,08,000/18
Nikil Karol
CA Inter
★ 115
4
430
Entry in study material
Indirect Taxation
answered on 17-Aug-24 17:55
Where is this point mentioned in the study material by ICAI?
latest answer
Right.
Sujitha M
CA Inter
★ 1K+
8
555
Deferred tax asset for increasing value of creditor
Financial Reporting
answered on 16-Aug-24 15:52
Sir , in this question, you have Re-valued the creditor by ₹25,000, and is there any impact on the deferred tax asset for the same?
latest answer
For income tax purpose the value would increase. Hence no Deferred tax impact.
kabilan sam
CA Inter
★ 3K+
1
328
Modules wrongly ordered
Indirect Taxation
answered on 14-Aug-24 18:11
Sir i just wanted to bring to your notice that the video module is not in the right order. Thank you.
latest answer
We will check and rearrange. Thank you.
Sujitha M
CA Inter
★ 1K+
1
324
Forex
AFM
answered on 14-Aug-24 10:38
Sir in this question- 17. "exchange rate declines by 10% over 3 months" means.....yen depreciates or rupee depreciate?. As per my understanding, because I am an importer I have risk of appreciation in foreign currency and depreciation in home currency. So..I can consider that rupees is going to depreciate by 10% in 3 months. thats why I want to enter into forward contract. Please correct me if I am wrong.
latest answer
Thank you sir
Jaswanth Sai
CA Final
★ 0
2
390
DTA/DTL
Financial Reporting
answered on 27-Oct-25 09:19
In the first example, we are paying more tax in Q1, which is correspondingly offset in Q2,3,4. So if we pay more tax today for a future liability it is in the nature of DTA right? Subsequently also it is only DTI against the losses and not DTE.
latest answer
When we pay more tax today - it becomes a DTA. Subsequently when we pay less tax - it is reversal of DTA. When we reverse the asset - it becomes an expense.
Dhvaritha Ravishankar
CA Final
★ 7K+
3
321
SQC 1 and SA 220
Auditing
answered on 14-Aug-24 18:59
Hi maam, as understood can we say engagement partner is responsible for adhering to quality control standards as per SA 220, Here will engagement partner refer to SQC 1 for fulfilling his responsibility as per SA 220 of adhering to quality control standards and maintain quality in audit engagement, Is this understanding correct
latest answer
Sqc 1 talks about quality control for over all firm . SA 220 is wrt only audit engagement. So yes, engagement partner has to adhere to Sqc 1 as well.
R Yashwanth Kumar
CA Final
★ 87K+
1
389
Deemed dividend
Direct Taxation
answered on 14-Aug-24 18:04
Pls explain the meaning of this line C = liquidation D = reduction of share capital
latest answer
Perfect.
Sushmita Chowdhury
CA Inter
★ 2K+
3
364