Query resolved- Reserves & profits on DT of acquisition are merely being concerned for calculating NCI & FV of Identifiable net assets. Post acquisition profits only have been allocated to parent.
Query resolved-
Reserves & profits on DT of acquisition are merely being concerned for calculating NCI & FV of Identifiable net assets.
Post acquisition profits only have been allocated to parent.
But dividend paid is 6 lakhs + 7 lakhs= 13lakhs, though 6 lakhs ( dividend paid) pertains to prior year but it has been paid in the current year. And, even if we do not consider dividend taxable u/s 115BBD, then dividend received= 920000( 2 lakhs+ 4 lakhs+ 3.20 lakhs), being lower of the two, shouldRead more
But dividend paid is 6 lakhs + 7 lakhs= 13lakhs, though 6 lakhs ( dividend paid) pertains to prior year but it has been paid in the current year.
And, even if we do not consider dividend taxable u/s 115BBD, then dividend received= 920000( 2 lakhs+ 4 lakhs+ 3.20 lakhs), being lower of the two, should have been the answer.
Just checked Rule 26 which says Exchange rate for TDS deduction on income payable in foreign currency is the date when TDS is required to be deducted. And as per the above mentioned rule exchange rate is 72. Thank You!
Just checked Rule 26 which says Exchange rate for TDS deduction on income payable in foreign currency is the date when TDS is required to be deducted. And as per the above mentioned rule exchange rate is 72.
Thank You!
Section 45(3)& section 55 Cost of Acquisition
Got it. Thanks a lot!!
Got it. Thanks a lot!!
See lessSubsidiary Consolidation IND AS 110
Query resolved- Reserves & profits on DT of acquisition are merely being concerned for calculating NCI & FV of Identifiable net assets. Post acquisition profits only have been allocated to parent.
Query resolved-
Reserves & profits on DT of acquisition are merely being concerned for calculating NCI & FV of Identifiable net assets.
Post acquisition profits only have been allocated to parent.
See lessSection 45(3)& section 55 Cost of Acquisition
But this treatment is not in accordance with sec 45(3) & sec 55. Are there any other provisions which have been applied?
But this treatment is not in accordance with sec 45(3) & sec 55.
See lessAre there any other provisions which have been applied?
Sec 32 Depreciation & capitalisation of interest on loan availed for asset acquisition
But capitalisation of interest cost should commence from 15.05.2021( DT of purchase of asset) instead of 15.04.21.
But capitalisation of interest cost should commence from 15.05.2021( DT of purchase of asset) instead of 15.04.21.
See lessSection 80M
But dividend paid is 6 lakhs + 7 lakhs= 13lakhs, though 6 lakhs ( dividend paid) pertains to prior year but it has been paid in the current year. And, even if we do not consider dividend taxable u/s 115BBD, then dividend received= 920000( 2 lakhs+ 4 lakhs+ 3.20 lakhs), being lower of the two, shouldRead more
But dividend paid is 6 lakhs + 7 lakhs= 13lakhs, though 6 lakhs ( dividend paid) pertains to prior year but it has been paid in the current year.
See lessAnd, even if we do not consider dividend taxable u/s 115BBD, then dividend received= 920000( 2 lakhs+ 4 lakhs+ 3.20 lakhs), being lower of the two, should have been the answer.
LTCG 112A
Thanks!
Thanks!
See lessRule 28 of Valuation of supply between deemed distinct person
Thanks!
Thanks!
See lessSec 144C rw sec 246A rw sec 252 to 255
Got it. Thank You so much! In such case order passed by AO will be considered to have been passed under which section- 144C/ 143(3) or 147?
Got it. Thank You so much!
See lessIn such case order passed by AO will be considered to have been passed under which section- 144C/ 143(3) or 147?
Sec 44AD rw Sec 44AB
Applicability criteria didn’t strike me.🙈 Thank You!
Applicability criteria didn’t strike me.🙈
See lessThank You!
TDS on interest (on loan approved by CG )paid to foreign company
Just checked Rule 26 which says Exchange rate for TDS deduction on income payable in foreign currency is the date when TDS is required to be deducted. And as per the above mentioned rule exchange rate is 72. Thank You!
Just checked Rule 26 which says Exchange rate for TDS deduction on income payable in foreign currency is the date when TDS is required to be deducted. And as per the above mentioned rule exchange rate is 72.
See lessThank You!