Forums
Section 26A - Timeline for application of refund
Indirect Taxation
answered on 29-May-24 12:36
Sir, what is the difference between timeline for 6 months for application of refund of import duty u/s 26A and that of 1yr for application of refund of import duty u/s 27. I think the difference might be since Sec 26A is restricted for certain cases, where as Sec 27 is general. But still not sure on cases for refund of import duty in cases other than those mention in Sec 26A. Can you please clarify on the above?
latest answer
Right.
Priyanka Udeshi
CFA L1
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2
4K+
Example of nationalization of PNB
AFM
answered on 24-May-24 08:07
Hi sir, Can you please explain the below example provided in the study material of ICAI? "Pattern of Existing Stock Holding: An analysis of the pattern of existing stock holdings of the company would also be relevant. This would show the stake of various parties in the company. An interesting case in this regard is that of the Punjab National Bank in which the Life Insurance Corporation and other financial institutions had substantial holdings. When the bank was nationalised, the residual company proposed a scheme whereby those shareholders who wish to opt out could receive a certain amount as compensation in cash. It was only at the instance and the bargaining strength of institutional investors that the compensation offered to the shareholders, who wished to opt out of the company, was raised considerably."
latest answer
Institutional investors have bargaining power as compared to a lot of retail individual investors Such institutions can work for benefit of all minority holders In pnb case these institutions ensured that minority retails shareholders also received cash when bank was acquired by the government
Ruthvik Reddy Adala
CA Final
★ 5K+
1
346
FA - Interest Income
Financial Reporting
answered on 24-May-24 10:01
We have solved many illustration relating to FL which involves interest and dividend payments. We need to accrue the same every year at EIR and pass payment entry. Basically we prepare the interest payment table. Is the same thing also applicable for Financial asset. Let’s say the illustration solved in the lecture will be solved in the same manner for FA also ?
latest answer
Yes same way.
Chandan Subudhi
CA Final
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1
303
Scholarship for CFA L1
CFA
answered on 23-May-24 21:26
What's the criteria to get scholarship for cfa?
latest answer
Sure sir
Dhakshana Dhakshana
CFA L2
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2
417
Illustration 1
Accountancy
answered on 27-May-24 15:59
How did 20,000 be taken as depreciation? Of 20X2
latest answer
20,000 is the revised carrying amount for the next 5 years. On this the depreciation is calculated by deducting the scrap value
Shivashankar Jawai
CA Inter
★ 2K+
3
348
what is pay off ?
AFM
answered on 23-May-24 13:07
Hi sir, in this question does pay off means ( pay off from options + closing share price = Position of Mr. Ram ) ?.
latest answer
Pay off means profit
B. Dinesh
CA Final
★ 3K+
1
325
Professional ethics
Auditing
answered on 26-May-24 09:07
Here clause 1 of part 1 of the second schedule says auditor is not obliged to share the working papers with the clients, and also the branch auditor is not obliged to share the working paper with the group auditor, If they share the working papers to client, Or branch auditor shares working paper with group auditor, Will they be guilty of professional misconduct,
latest answer
Thankyou maam understood
R Yashwanth Kumar
CA Final
★ 87K+
2
376
Ca inter registration
Exams
answered on 23-May-24 12:30
What is the last date of registration for Jan 25 inter exams
latest answer
1st may 2024 is the last date of registration for jan 25 exam
Elavarasi B
CA Inter
★ 46K+
2
352
Regarding illustration 5 of value of supply
Direct Taxation
answered on 29-May-24 13:52
Sir in that question 5 (i) Gst is included shouldnt that be subtracted while calculating Gst as per second 15 1 a
latest answer
It is excluding GST only. It is solved as per excluding GST only. It is clerical error in material.
Gayathri Sri
CA Final
★ 3K+
5
186
Professional ethics
Auditing
answered on 26-May-24 09:08
If a CA holding COP and also in employment, refers a lawyer to his employer and lawyer pays him some referral fees then he will be definitely guilty under clause 2 of part 2 of the second schedule, But a CA holding COP shd not be engaged in employment, this also will be wrong know maam
latest answer
Ok maam
R Yashwanth Kumar
CA Final
★ 87K+
2
344