Forums
SPERATE LEAGLE ENTITY
Corporate & Other Laws
answered on 03-Apr-24 12:50
Mam if 99% of the shares are held by govt then should it be classified as a govt company and still treated as a sepeate legal entity ?
latest answer
yes
Manjunanth a
CA Inter
★ 0
1
158
e commerce provider (swiggy)
Indirect Taxation
answered on 08-Apr-24 09:26
hi sir if swiggy is paying gst,at what rate the restaurant provide this food to swiggy? i mean is it get deducted with gst in the books of accounts of restaurant? or do they provide food to swiggy on an actual expense without GST? if i am checking books of accounts of restaurants, how to deal with transactions through swiggy? is it ok to ignore tax with these items,if they are paid by swiggy?
latest answer
Since GST is liable to be paid by Ecommerce operator, You can ignore the same.
Sajitha Anna Daniel
CA Inter
★ 210
1
229
Doubt - which course should i pursue along with CA
Others
answered on 02-Apr-24 10:25
Dear sir/madam, I am completed B.com and doing CA inter I want to pursue additional course so should i do M.com or MBA or SAP courses along with CA So it is beneficial ,kindly guide me
latest answer
Thank you sir
Chandramouli A
CA Inter
★ 720
2
386
Ratio Analysis
Financial Management
answered on 03-Apr-24 18:20
Aditya sir , it is said that Equity includes ESC +PSC+R&S. But in the answer attached here which is in ICAI SM, It is shown as Equity as ESC +R&S and Preference share capital separately considered. Is there any assumptions taken in ICAI study material? Please clear the doubt sir
latest answer
Thank you sir. 👍
kalyan yuva
CA Inter
★ 5K+
4
378
Deferred Tax Video lecture No 4
Financial Reporting
answered on 02-Apr-24 09:53
When rent received in advance how to create DTA and DTL is explained. Assuming that I am receiving rent advance of Rs 500000 out of that 50000 is TDS now bank will be debited for Rs 450000 (500000 rent - TDS 50000) Entry is Bank A/c Debit 450000 TDS Debit 50000 To Rent received in Advance Credit 500000 Now we have to pass JV as DTA Debit 50000 P & L Credit 50000 The above entry is for tax portion Next year this entry will be reversed P & L Debit 50000 DTA Credit 50000 Am I correct?
latest answer
DTA is not necessarily equal to TDS. Otherwise the entry is correct.
swaminathan sundaram
CA Final
★ 110
3
532
Input tax Credit
Indirect Taxation
answered on 08-Apr-24 09:27
In this video under Section 17 (3)in the example of exempt supply include supply on which recipient is liable to pay tax on RCM ,the ITC is not allowed for lawyer or recipient and Sir u said that ITC is not allowed for sale of land and building but they didn't mention for other points ITC is not allowed under Sec 17(3) But generally for all the of Schedule 3 there is no ITC right as it is neither regarded as supply of goods not regarded as supply of service
latest answer
Specifically they have excluded the points in exempt supply which we have discussed.
Lavi Lavanya
CA Inter
★ 6K+
1
362
Performance Obligation
Financial Reporting
answered on 02-Apr-24 08:57
There is a scenario where the Software is providing with implementation charges. And implementation charges is special integration with the Software. Hence, one performance obligation. Whether revenue will be recognized for software - at a time of transfer of license and implementation charges - at a time implementation is over. Or Revenue will recognized once the implementation and license key is transferred. Both is satisified
latest answer
If implementation is integral then revenue will be recognised after installation
Nivethithaa S
CA Final
★ 2K+
1
153
.
Accountancy
answered on 03-Apr-24 10:21
I can't open some of the pdf of previous question papers. Is there any solution? 🙂
latest answer
Use web browser.
Safa Saleem
CA Inter
★ 4K+
1
315
SA 240 - general Doubt
Auditing
answered on 02-Apr-24 17:02
What is Financial statements level and assertion level ?
latest answer
FS- misstatement that affects the complete FS. has pervasive effect. like going concern assumption being inappropriate in preparing FS. Assertion level: only particular assertion like valuation, existence etc. is affected
M Naresh
CA Final
★ 3K+
1
387
Merger
AFM
answered on 01-Apr-24 13:15
Sir how the exchange ratio in part ii is 5:6 ? Also pre merger eps of B is 6 right?? So post merger should also be 6...why did we calculated 5?
latest answer
Shareholders of B have got 6 shares of A for 5 shares of B so they have got 1.2 shares of A for 1 share of B, implies that their effective EPS post-merger per share of B is 1.2 × 5 Have explained this in class - even though the EPS of combined entity is 5, Share holders of B got 1.2 shares in combined entity for every share of B s0 effectively their EPS is 5 X 1.2 = 6
nazriya nasar
CA Final
★ 7K+
1
304