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Warranty
Financial Reporting
answered on 16-Mar-24 10:38
In case of extended warranty say for 2 years - In year 1 cost for repair is not incurred but in Year 2 it is incurred. Whether provision for the same is required like in case of assurance warranty. What if no cost is incurred but only revenue from purchase of extended warranty is booked?
latest answer
Whenever there is a warranty obligation, the entity will apply Ind AS 37 and create liability for the same.
Nivethithaa S
CA Final
★ 2K+
1
208
Accounts from incomplete records.
Accountancy
answered on 25-Mar-24 17:48
Hello sir!I am Sangeetha .C .sir I didn't Indentify Book back sums from your lectures sir.There are so many differents between your lectures and book back sums .sums are totally different .so I kindly request to send the lectures of my Book back sums .
latest answer
You can practice them on your own and if you have any doubt you can ask here.
sangeetha mohan
CMA Inter
★ 3K+
1
247
Value of supply
Indirect Taxation
answered on 18-Mar-24 18:33
The answer given is option (c) But I couldn't arrive at the answer so I need to know whether it right answer or not
latest answer
It is right. Consider interest as inclusive of GST.
Sherli Njrs
CA Final
★ 5K+
1
409
Technical issue while playing video.
Others
answered on 14-Mar-24 10:56
The next video gets stuck after playing one video. This issue was found during last two days.
latest answer
can you record the issue using another mobile and share it to support@indigolearn.com
Sanoj C Sunny
CA Final
★ 0
1
346
Notes
Financial Reporting
answered on 13-Mar-24 19:00
1. How to follow notes while watching Video classes 2. There are point by point notes in each video 3. Inrigolearn Fr Book 4. So which Notes should we follow? Because in videos the notes are More than in the given book. 5. Should we pause after completing each video and Right the notes and examples for preparing notes?
latest answer
Book.
Vijay Ramesh
CA Final
★ 2K+
3
336
Calculation of 10AA
Direct Taxation
answered on 13-Mar-24 18:21
Hi sir, hope you're well. In the illustration regarding 10AA, Rudra is the one company paying tax. Its SEZ unit and non-SEZ unit are not separate legal entities. So for the purposes of considering the proportion of export turnover to total turnover, should we not consider total turnover as being Rs. 6,00,000 and profit as being Rs. 80,00,000? Because we are calculating tax for Rudra as a whole and thus take the turnover, SEZ-export and profit of Rudra as a whole to calculate. Please clarify if my understanding is correct or wrong. Thanks
latest answer
Section 10AA exemption is only based on profits related to SEZ.
Devaprasad Jothimani
CA Inter
★ 0
1
591
COST SHEET AND WORKING CAPITAL BUDGET
Financial Management
answered on 13-Mar-24 17:42
Can someone comment answer for this?
latest answer
Please post questions either from ICAI material or IL material only
Satha Sivam
CA Final
★ 7K+
1
367
Part 5 not understood
AFM
answered on 13-Mar-24 19:23
Will be grateful if you help me to understand as early as possible
latest answer
Beta is sensitivity of a stock or portfolio's return to market return. In this case we are computing 2 things 1. what is change in porfolio value considering change in market 2. what is new beta of porfolio since value and composition of portfolio has changed what is it that you have not understood
Mugilan Poonkundran
CA Final
★ 0
1
291
Change in portfolio value
AFM
answered on 13-Mar-24 20:18
Hi sir Nifty rises by 2℅, then change in portfolio should be Rs5000 *1.3* 2. Number 2 is multiplied to above because 1.3 is for 1℅ change in market (nifty), so for 2℅ change, multiply 5000*1.3 by 2. But solution Rs 5000*1.3*2%. Kindly clarify
latest answer
I was travelling - just came back today and am clearing all open queries. We always clear queries :)
Mugilan Poonkundran
CA Final
★ 0
9
353
Tax Rate for Domestic Companies
Direct Taxation
answered on 13-Mar-24 18:21
Hi sir, hope you're well. If the total turnover / gross receipts in PY 2021-22 is less than or equal to Rs. 400 crores, tax rate is 25%. My question is, would this condition be a permanent one for all subsequent PYs as well? For example a company's total turnover in PY 2021-22 is Rs. 200 crores, but its total turnover for PY 2023-24 is Rs. 600 crores, would the company's tax rate be 25% for AY 2024-25 also? Thanks
latest answer
Hope you got it.
Devaprasad Jothimani
CA Inter
★ 0
4
558