Forums
Ill 5
Financial Reporting
answered on 16-Jan-24 12:41
isn't this a scheme which applies to the sector as a whole for all entities engaging in capital goods that fulfil these conditions. In that case, why do we treat is as govt grant - isn't it an exclusion from Ind AS 20?
latest answer
Its not for all. EPCG is not applicable to all.
Dhvaritha Ravishankar
CA Final
★ 7K+
1
232
mistake
Costing
asked on 16-Jan-24 09:59
in the illustration 3 solution bit c the profit after we deduct oveabsorption the cost of goods sold adjusted is 156000 and then we reduce selling and distribution overhead of 64000 and 60000 total 124000 how come then 156000-124000 become 40000 it should be 32000
latest answer
No answers yet!!
Angry Toshniwal
CA Final
★ 505
0
258
Fema
Corporate & Other Laws
answered on 27-Jan-24 08:18
Could you plz provide pdf notes for FEMA
latest answer
We will provide them soon.
Jayamalini Baskaran
CA Inter
★ 520
1
277
Tax Calculation & Others
Indirect Taxation
answered on 17-Jan-24 16:47
In the cases where transactions are considered as “Supply” even when they are made without consideration. [Sec-7(1)(c)] On which amount GST is calculated ? Do they take market value ? And The example you have given, where you donate your cellphone (on which you have claimed ITC) to charitable institution - It is considered supply & you have to pay tax on that. How can GST department know you donated your cell phone to them? You can just not report & avoid paying OUTPUT tax, what is stopping you from doing that ?
latest answer
Thank you very much for the clarification, Sir.
Annapureddy Veera Mohan Reddy
CA Final
★ 6K+
3
527
Hillers model
AFM
answered on 16-Jan-24 05:36
Sir, a question is solved here using hillers model but that concept has been discussed in this chapter yet and in the previous two chapters as well.
latest answer
It is discussed at time of problems only
Himanshu Garg
CA Final
★ 0
1
384
Perquisite
Direct Taxation
answered on 17-Jan-24 17:10
For specified employee education facility will be taxable 1000 per month per child exemption, won’t apply for specified employee ? Cause in that context everyone is specified employee almost, cause salary don’t exceed 50000
latest answer
Generally, if the salary is more than 50K per annum then the person is specified employee. Practically almost everyone would be specified employee only.
Sushmita Chowdhury
CA Inter
★ 2K+
9
832
RFA
Direct Taxation
answered on 17-Jan-24 17:42
RFA is exempt / taxable under default tax regime ?
latest answer
Welcome.
Sushmita Chowdhury
CA Inter
★ 2K+
11
558
Dividends Yeild
AFM
answered on 16-Jan-24 05:41
Dear sir, When we have included to be paid dividend for borrowed security on shorting the security but we have not included similarly for an Index shorting
latest answer
We have considered it in futures price
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
1
436
Impairment of loss
Accountancy
answered on 16-Jan-24 13:07
Why can't you allocate goodwill to smaller CGU in illustration 2 in top down approach
latest answer
Because we cannot determine at smaller CGU>
Akshaya Devaraj
CA Final
★ 8K+
1
219
Resiential stautus
Direct Taxation
answered on 17-Jan-24 17:14
citizzenship is revelvant or irrevelant for residential status please explain video 14 illustation 7 because it confused
latest answer
Ok sir
Rajasekaran R D
CA Inter
★ 1K+
3
410