Forums
80JJAA
Direct Taxation
asked on 01-Oct-26 00:00
FY 2024-25 Scenario:- Opening employees = 20 New additions = 5 Exits = 2 Net increase in employment= 20+5-2= 23 - 20 = 3 employees All of the 5 new additions are employed for 239 days, so accordingly 80jjaa is not eligible FY 2025-26 Scenario :- Opening employees= 23 No additions and exits Closing employees= 23 There is no net increase in employment Now but the previously ineligible 5 employees of 239 days now exceeded 240 days So as per bare act , they are eligible for succeeding year, means 2025-26 in our example But for this year 23-23 = 0 net increase in employment So can I take deduction for those 5 deemed eligible employees by leaving the net increase in employment norm ? Or else I can only take if net increase is there, which is not there in our case
latest answer
No answers yet!!
Sai Akash rockster
CA Final
★ 10
0
42
Consolidated CFS
Financial Reporting
answered on 05-Oct-26 11:55
here why we show income from IA in consolidated CFS, when as a group the money is not going anywhere ? [Video Time Stamp: 01:04]
latest answer
The amount is paid to the shareholders of company B who are outside the group.
Niranjan Bhat
CA Final
★ 10K+
1
23
Consolidated CFS
Financial Reporting
answered on 05-Oct-26 11:55
We reduced the closing balance for adjustment here as the sub. is acquired during the period , if in case its alredy acquired 1 year back then none of this adjustment will come right ? [Video Time Stamp: 21:20]
latest answer
Yes. Then a simple opening and closing balance comparison is done.
Niranjan Bhat
CA Final
★ 10K+
1
22
Consolidated CFS
Financial Reporting
answered on 05-Oct-26 12:00
Here its noware mentioned that entity A purchased entity B from any oth. entity, so to consider like that shoudnt we give a note ? Because it can be treated either ways right... [Video Time Stamp: 03:20]
latest answer
If Entity A invested directly in Entity B, then they would have mentiond that Entity A has invested xxxx amount in Entity B.
Niranjan Bhat
CA Final
★ 10K+
2
20
Timing Option
AFM
answered on 30-Sep-26 19:42
Sir, In this question, they have asked us if we have to accept the project or wait and see So, should we not after finding the value of the option, compute the project value including option, as we had done in the previous illustration? [Video Time Stamp: 00:12]
latest answer
Not required - option has +ve value so option to wait is worth it In prev question we are trying to find out overall NPV and see if it is +ve or -Ve here project has +NPV on upside - question is if the option to wait has value or not
Gokul
CA Final
★ 4K+
1
22
question 66 forex interest amount lc calculated on Rs.1,83,69,825 for 250000 euro but export 500000 euro page no 58 in p600 volume 2
AFM
answered on 30-Sep-26 18:21
250000 going to eefc account but also post shipment credit was 500000 Euro [Video Time Stamp: 22:07]
latest answer
Post shipment credit is only for money that is converted to INR and usable to repay loan. if money is held in EEFC it cannot be used for such purposes
arun prasath
CA Final
★ 0
1
33
tax benefit
AFM
answered on 30-Sep-26 05:02
Sir, in case of tax benefit computed for B, already -2lacs is there, so when we less the tax benfit -60k.. it should become 2.6 right, because both are negative on losses no need to pay tax, so its benefit only and carry forward it, y r we taking 1.4lacs [Video Time Stamp: 08:30]
latest answer
3 x (1-30% ) =2.1 -2 x (1-30%) =-1.4 if we have a loss that loss can be set of against profit in some other business, same company. tax loss is basically a saving . So, on losses, whatever is the tax that is computed helps you to reduce tax payment in some other case 
Lavanya Ravi
CA Final
★ 180
1
24
E-DIARY
Others
answered on 08-Oct-26 09:59
Can anyone help me to fill details of current fortnight (sep f2). I'm unable to submit it as the portal is denying even I selected the fields in it
latest answer
Pls raise a helpdesk request with icai
Somaan Mohammed
CA Final
★ 5
1
27
Complying with Ind As
Financial Reporting
answered on 05-Oct-26 12:03
if an entity is preparing the qtrly report following ind as 34, then is it still required to show in notes that it comply with all ind as, i.e FS are prepared following IND AS ? [Video Time Stamp: 02:19]
latest answer
It will not state that it complies with all Ind AS
Niranjan Bhat
CA Final
★ 10K+
3
24
Group Distribution
Financial Reporting
answered on 08-Oct-26 10:02
Here how jio can credit the equity ? as its not issuing its own equity. why it is not -- jio treat it as distribution of dividend and relience industries pass entries for that and then reinvest the same in rel retail ? [Video Time Stamp: 04:24]
latest answer
Jio is not paying anything here. So the payment of dividend question does not arise. If Jio treats it as dividend, how will it debit Employee Expenses?
Niranjan Bhat
CA Final
★ 10K+
1
27