Sir, for part 2 of my query-- Sir, agar common input hota hai , tabhi Rule 42 ke hisab se reversal hota hai. Here Inputs/Inputs services are Not used for Outward RCM supply (i.e. Direct selling agent services). Thus, the Inputs/Input services given in ques is exclusively for taxable supplies. So, RuRead more
Sir, for part 2 of my query–
Sir, agar common input hota hai , tabhi Rule 42 ke hisab se reversal hota hai. Here Inputs/Inputs services are Not used for Outward RCM supply (i.e. Direct selling agent services). Thus, the Inputs/Input services given in ques is exclusively for taxable supplies. So, Rule 42 wala ITC reversal nahi hona chahiye na ..
Here Sec 10(2A) will apply since it is for service providers (like courier company in this case ) and as per this sec , aggregate turnover should not exceed 50 lacs, only then assessee will be eligible for 10(2A). But since threshold limit is crossed , Composition scheme will not apply. So, ans cRead more
Here Sec 10(2A) will apply since it is for service providers (like courier company in this case ) and as per this sec , aggregate turnover should not exceed 50 lacs, only then assessee will be eligible for 10(2A). But since threshold limit is crossed , Composition scheme will not apply. So, ans c is correct .
But sir, Bank Balance of Rs4.80 cr has also not been considered by Institute in solution. Whether we need to take it ? Whether NAV of 14.42 (as per my solution) is correct or not ?? Thanks..
But sir, Bank Balance of Rs4.80 cr has also not been considered by Institute in solution. Whether we need to take it ?
Whether NAV of 14.42 (as per my solution) is correct or not ??
Rs 25 lacs has been considered in all the 3 options. It is written as 0.25 crores instead of 25 lacs. And as it is cash available with entity, so , while calculating loan amt in option 2 &3 , it has been deducted .. Pls check..
Rs 25 lacs has been considered in all the 3 options. It is written as 0.25 crores instead of 25 lacs. And as it is cash available with entity, so , while calculating loan amt in option 2 &3 , it has been deducted .. Pls check..
Sir, Thanks for your response .. With respect to above query- I have one more doubt-- If Expenditure on Asset is from say, 1/7/X1 (instead of 1/4/X1) - Rs 1.50 lacs and next Rs 2lacs on 1/9/X1 (instead of 1/8/X1) , other things remaining same, then how specific borrowing should be capitalised ?Read more
Sir, Thanks for your response .. With respect to above query- I have one more doubt–
If Expenditure on Asset is from say, 1/7/X1 (instead of 1/4/X1) – Rs 1.50 lacs and next Rs 2lacs on 1/9/X1 (instead of 1/8/X1) , other things remaining same, then how specific borrowing should be capitalised ??
Note- Consider Specific borrowing was taken on 1/4/X1 -Rs 2 lacs ..
Calculation of Total Turnover for ITC reversal
Sir, for part 2 of my query-- Sir, agar common input hota hai , tabhi Rule 42 ke hisab se reversal hota hai. Here Inputs/Inputs services are Not used for Outward RCM supply (i.e. Direct selling agent services). Thus, the Inputs/Input services given in ques is exclusively for taxable supplies. So, RuRead more
Sir, for part 2 of my query–
See lessSir, agar common input hota hai , tabhi Rule 42 ke hisab se reversal hota hai. Here Inputs/Inputs services are Not used for Outward RCM supply (i.e. Direct selling agent services). Thus, the Inputs/Input services given in ques is exclusively for taxable supplies. So, Rule 42 wala ITC reversal nahi hona chahiye na ..
Composite Scheme
Here Sec 10(2A) will apply since it is for service providers (like courier company in this case ) and as per this sec , aggregate turnover should not exceed 50 lacs, only then assessee will be eligible for 10(2A). But since threshold limit is crossed , Composition scheme will not apply. So, ans cRead more
Here Sec 10(2A) will apply since it is for service providers (like courier company in this case ) and as per this sec , aggregate turnover should not exceed 50 lacs, only then assessee will be eligible for 10(2A). But since threshold limit is crossed , Composition scheme will not apply. So, ans c is correct .
Independent director provision
Dear Sir, For 1 & 3 As per my query, MRS A holds shares (Relative of MR A ). So, pls reply considering it ...? Thanks..
Dear Sir,
For 1 & 3
As per my query, MRS A holds shares (Relative of MR A ). So, pls reply considering it …?
Thanks..
See lessEquity valuation
You can also refer answer to this ques from Old syllabus PM . This ques is there in M&A chapter of PM . This is the last ques of M&A chapter.
You can also refer answer to this ques from Old syllabus PM . This ques is there in M&A chapter of PM . This is the last ques of M&A chapter.
See lessMutual Fund
But sir, Bank Balance of Rs4.80 cr has also not been considered by Institute in solution. Whether we need to take it ? Whether NAV of 14.42 (as per my solution) is correct or not ?? Thanks..
But sir, Bank Balance of Rs4.80 cr has also not been considered by Institute in solution. Whether we need to take it ?
Whether NAV of 14.42 (as per my solution) is correct or not ??
Thanks..
See lessDoubt in treatment done by ICAI in MTP Nov 20 Question.
Rs 25 lacs has been considered in all the 3 options. It is written as 0.25 crores instead of 25 lacs. And as it is cash available with entity, so , while calculating loan amt in option 2 &3 , it has been deducted .. Pls check..
Rs 25 lacs has been considered in all the 3 options. It is written as 0.25 crores instead of 25 lacs. And as it is cash available with entity, so , while calculating loan amt in option 2 &3 , it has been deducted .. Pls check..
See lessFR AS-16 Borrowing cost
Sir, Thanks for your response .. With respect to above query- I have one more doubt-- If Expenditure on Asset is from say, 1/7/X1 (instead of 1/4/X1) - Rs 1.50 lacs and next Rs 2lacs on 1/9/X1 (instead of 1/8/X1) , other things remaining same, then how specific borrowing should be capitalised ?Read more
Sir, Thanks for your response .. With respect to above query- I have one more doubt–
If Expenditure on Asset is from say, 1/7/X1 (instead of 1/4/X1) – Rs 1.50 lacs and next Rs 2lacs on 1/9/X1 (instead of 1/8/X1) , other things remaining same, then how specific borrowing should be capitalised ??
Note- Consider Specific borrowing was taken on 1/4/X1 -Rs 2 lacs ..
Thanks …