auditors

answered 1 day ago

can 1st auditor reappointed as subsequent auditor for 5 years without cooling period

latest answer

Only for companies who do not have to get their books of accounts audited by CAG.

Vidyakrishna vidyakrishna

CA Inter

★ 370

1

31

Bearer Plant

asked 2 days ago

Case 1: Company X is a casting entity. There are some coconut trees in its premises. Whether it should be treated as bearer plants under INDAS 16 and capitalize it in the books? Case 2: Company X is a casting entity. It owns a coconut grove. Whether it should be treated as bearer plants under INDAS 16 and capitalize it in the books ?

latest answer

No answers yet!!

Swathi S

CA Final

★ 0

0

31

Holding - subsidiary applicability criteria

asked 2 days ago

Company Y voluntarily adopts INDAS. Company X is a subsidiary of company Y . Whether it is mandatory for Company X to adopt INDAS , being a subsidiary of company Y ?

latest answer

No answers yet!!

Swathi S

CA Final

★ 0

0

17

Applicability of INDAS to NBFC

asked 2 days ago

Company X (corporate entity) covered under Phase I of Roadmap. Thus, INDAS is mandatorily applicable from 1st April 2016. Company Y (NBFC) is a subsidiary of Company X. For NBFC Applicability starts from financial 2018-2019. For the FY 2018-19, whether INDAS is mandatory for company Y, being a subsidiary of Company X (or) INDAS mandatory only if the respective NBFC satisfies the networth criteria?

latest answer

No answers yet!!

Swathi S

CA Final

★ 0

0

17

Treatment of Interest portion of decommissioning liability

asked 2 days ago

Whether Interest portion of decommissioning liability will be accounted in books? If so, how will be accounted ?

latest answer

No answers yet!!

Swathi S

CA Final

★ 0

0

16

Cap gains

answered 1 day ago

What would be the date of transfer of house property for which aggreement to sell is there amd part payment done on or before date of aggreement and so SDV as on date of aggreement shall be considered My doubt is what is the date of transfer? Is it the date of handing over the possession or registration date ?

latest answer

If advance is received on or before the date of agreement by account payee cheque then SDV on the date of agreement can be considered.

Sai Akash rockster

CA Inter

★ 5

2

37

Ind AS 102 Share based payment

asked 2 days ago

Video No 20 Illustration No 9 Ankita Holding Inc grants 100 shares to each of its 500 employees. (Non market condition). In this problem we do not reverse the entry at the end of first and second year for not satisfying the company earning. Video No 21 Illustration 11 ACC Limited granted 10,000 share options to one of its managers. In this problem we reverse the entry at the end of second year. I am trying to understand the difference between these two problems. Request your help please

latest answer

No answers yet!!

swaminathan sundaram

CA Final

★ 110

0

23

IND AS 33

asked on 25-Apr-24 20:43

What was the correct answer?

latest answer

No answers yet!!

Divya Sri Vemavarapu

CA Final

★ 15K+

0

26

OVERALL

answered on 25-Apr-24 21:07

Still there are no revision videos are uploaded, will it be uploaded or not cause its only few days left for the exams.

latest answer

https://www.youtube.com/live/z8bc_2iwhao?si=eTn5z2buGVd7ER43

Pranesh N

CA Inter

★ 4K+

2

29

Query Regarding Presumptive Taxation

answered 1 day ago

Respected Sir, If suppose, Mr.A purchased a land for Rs.40 lakh and develops it into 3 Plot layouts. Mr.A converted Land into Stock-in-trade. Mr.A sold plots for Rs. 1 Crore. Now, Can Mr.A opts for Presumptive Tax and show gain as 8% of Gross receipts of Rs. 1 Crore under Sec 44AD since his turnover is below 2 Crore ? Please kindly clarify this query sir. Thank you sir.

latest answer

First capital gain shall be taxable as per Section 45(2). However, business can be computed as per presumptive provisions.

Mamidi Vinisha

CA Inter

★ 970

2

55