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Indirect Taxation
answered on 11-Mar-24 12:25
Sir, this 5% & 12% option to opt for forward or reversed charge by GTA is only for the specified recipient. plz clarify sir. Thanks.
latest answer
If it GTA choice to choose forward charge or not. If they choose forward charge, then RCM will not apply even in case of specified recipient. If they do not choose forward charge then RCM would apply at the rate of 5%.
Uma j
CA Inter
★ 1K+
1
225
Doubt
Indirect Taxation
answered on 11-Mar-24 12:25
Apart from these specified persons, if GTA is providing service to various other persons & if GTA opt for forward charge, they can simply issue tax invoice.
latest answer
Right.
Uma j
CA Inter
★ 1K+
1
205
Sensitivity
AFM
answered on 13-Mar-24 20:18
Could we assume that 20% acceptable risk means sensitivity percentage as adverse sensitivity is a type of risk only. Instead of assuming 10 % ! If not , then why shouldn't we assume like that!
latest answer
Yes you can. generally sensitivity either calculated for 1% or 5% or 10% as deem fit. Or in these cases what % change will make NPV zero
Hrishikesh Pradhan
CA Final
★ 18K+
1
297
Forex - margin
AFM
answered on 10-Mar-24 14:24
Sir in fate of forward contracts ,can u please tell iin what all cases margin is considered ? , in some cases inter bank , margin is considered, and in some cases it's not considered. And on back to back transaction margin is not considered.
latest answer
Thank you
Enuguru Sai Nithin
CA Final
★ 78K+
3
366
Ind as 36
Financial Reporting
answered on 09-Mar-24 17:26
One of the indicator for impairment is fair value change My doubt is if there is an asset we opt revalued model First we have to revaluation as per ind as 16 or impairment as ind as 36 if there is fair value change
latest answer
Always Ind AS 16 first and then Ind AS 36.
Ravi Teja
CA Final
★ 20
2
289
Premia Doubt
AFM
answered on 10-Mar-24 12:02
Dear sir, Premia for H1 was not reduced from the cap benefit only H2 to H4 was reduced why?. Anyway H1 will not have any benefit but premia we have paid so should we not reduce it
latest answer
Thank you premia will be paid per reset period not periodically oka got it
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
2
299
General Query - Indirect tax
Others
answered on 09-Mar-24 18:25
Is the Indirect Tax Videos updated with amendments for May 24 Exam inside the course or should we refer for amendments in any other place (like youtube)?
latest answer
Okay sir thank you
Susee Arunachalam
Qualified CA
★ 26K+
2
332
Capital gain
Direct Taxation
answered on 11-Mar-24 12:35
Non Resident unexhausted basic exemption limit is not available so other long term capital asset flat 20 percent and unlisted securities 10 percent flat on long term capital gain and for other income normal tax rates. Am i correct??
latest answer
Yes right.
Devisree
CMA Final
★ 0
1
311
AS 10 PPE
Accountancy
answered on 10-Mar-24 13:19
Dear sir, Interest charges paid to the supplier of the plant for the "deferred credit term" means sir? Why is it not included while calculating the cost of assets? It's also mentioned in study material that it is not a qualifying asset.
latest answer
Okay sir. Thank you so much for clarifying.
Harshavardini K B
CA Inter
★ 6K+
3
452
Capital gain
Direct Taxation
answered on 11-Mar-24 12:35
Can Anyone explain all the provisions regarding capital gain tax rates for non resident ??
latest answer
Generally 20%. In case of listed and unlisted shares they can pay @10% without indexation
Devisree
CMA Final
★ 0
1
287