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Exemption under GST
Indirect Taxation
answered on 22-Apr-24 10:20
Entry 77 :- Service by an unincorporated body or a non- profit entity to its own members by way of reimbursement of charges or share of contribution Here in this exemption , there is a limit of ₹7,500 If exceeded such limit, then my question is whether Entire amount taxable or Excess over 7500 is only taxable? Not only in this entry How to interpret in general to some entries with a limit but not provided sufficient details in the TB.
latest answer
Oh my gosh!!! I thought Excess over limit is taxable Thank you sir ✅
Sai Akash rockster
CA Final
★ 10
4
391
Activity based costing
Costing
answered on 22-Apr-24 09:30
Pls solve any one activity based costing
latest answer
yes!
Bhuvan Bhaskar
CMA Inter
★ 2K+
3
432
Forex
AFM
answered on 21-Apr-24 11:04
I didn't understood Why the rates are different??
latest answer
1.02 cents cent is 1/00th of a dollar so 1.02 cents in dollar terms = 1.02/100 = 0.0102
nazriya nasar
CA Final
★ 7K+
4
416
Free class till May 24 exam
AFM
answered on 20-Apr-24 17:15
Dear, please provide free classes for fr,AFM & IDT till May 24 exams in this app.please provide it is great help for may 24 students
latest answer
Regret we have no such plan - pls watch our free revision videos
Raja Saiteja
CA Final
★ 5
1
369
Beta of debt
AFM
answered on 20-Apr-24 17:21
Beta of debt for 290 crores is 0.45 . How it is arrived sir ?
latest answer
last line of question says Assume that the present Debt Beta (β_D1) is 0.45 and any further funds raised by way of Debt will have a Beta (β_D2) of 0.50.
Gogul kannan seshadri
CA Final
★ 12K+
1
225
Ind AS 37 disclosure requirement
Financial Reporting
answered on 21-Apr-24 19:17
In extremely rare cases, disclosure of some of the information required can be expected to prejudice seriously the position of the entity in a dispute with other parties on the subject matter of the provision. In such a case an entity need not disclose the information. Any example available for this scenario
latest answer
Say a company has made a provision for court case. Which means, they are likely to lose the case. If you give more details, the other party may take advantage.
swaminathan sundaram
CA Final
★ 110
1
391
Ind AS 37
Financial Reporting
answered on 21-Apr-24 19:21
A constructive obligation to restructure arises only when an entity has a detailed formal plan for the restructuring identifying atleast the business or part thereof concerned, the principal locations affected, number of employees who will be affected. Assuming that these conditions are fulfilled before reporting date but the entity has not identified a purchaser to sell its operation then no constructive obligation exists so no provision is required. Am I correct
latest answer
identification of buyer is not mandatory. In some cases of restructuring, there could be a simple shut down as well.
swaminathan sundaram
CA Final
★ 110
1
339
CA articleship
Others
answered on 21-Apr-24 10:05
Along with Ca articleship , I studied in M.com also & filled form 112 and now I completed course I have to intimate Institute , of completion of course?
latest answer
I think you should update the qualification details in the portal
A M K
CA Inter
★ 2K+
1
493
Professional Ethics Part 1 Clause -11 (Engaging in Business or occupation
Auditing
answered on 20-Apr-24 21:39
Ma'am in general permission Private tutorship is given and under Special permission part time or private tutorship is given ? So which has to follow ma'am ?
latest answer
Specific permission is required and also adherence to many guidelines which I have explained in the topic regarding name n all. Also information in detail should be provided to icai . No misrepresentation can be done
M Naresh
CA Final
★ 3K+
1
431
Ind AS 37
Financial Reporting
answered on 23-Apr-24 17:23
Video No 11 Illustration 15 X Beauty solutions is selling cosmetics product under its brand name B. In this problem I am passing the below mentioned journal entries. Reimbursement Receivable from Y 900000 To Other Income 900000 Expense (claim on damages) 3000000 To Provision for claim on damages 3000000 Kindly let me know above entries are correct
latest answer
yes
swaminathan sundaram
CA Final
★ 110
1
444