Exactera’s Post

Revision u/s 263 - sale of preferential shares - PCIT noted a discrepancy between the value of shares sold as per the audited balance sheet and the value declared in the income computation sheet. - The tribunal noted that, the assessee had gone on to explain even this difference between sale consideration and cost of acquisition to have been duly considered and accounted for in the return of income. - Accordingly the ITAT held that, we completely agree with assessee that there was no error in the assessment order on account of non-inquiry/inadequate inquiry relating to the issue of preferential shares sold during the year. http://dlvr.it/T2WJb6 #IncomeTax #Highlights #TaxLaws #TaxTMI

Title: Detailed WACC Calculation My latest analysis on the Weighted Average Cost of Capital (WACC) for MRF Ltd. This detailed calculation marks the first step in our comprehensive Discounted Cash Flow (DCF) modeling. Stay tuned for the next steps, where we'll dive into Intrinsic Growth and Free Cash Flow to Firm (FCFF) calculations. #Finance #WACC #DCF #Valuation #MRFLtd #FinanceAnalysis #FinancialModelling

HDMCO TaxReg FAQs [398/2024-25] Q. What will be cost of acquisition in case of Bonus issue of shares? Ans. When any bonus shares are allotted to the shareholder based on the holding of original shares, the cost of such bonus shares will be NIL. But if such shares are allotted before 01.04.2001, although the cost of such shares is NIL, the assessee may opt for FMV as on 01.04.2001 as cost of acquisition. In case, Bonus shares allotted before 1.2.2018 on which STT has been paid at the time of transfer, the cost would be the *higher* of – (i) Actual cost of acquisition (ii) Lower of – (a) FMV as on 31.01.2018 and (b) actual sale consideration

Title: Intrinsic Growth Calculation Here is the next step in our Discounted Cash Flow (DCF) modeling for MRF Ltd. Following the comprehensive WACC analysis, we've now completed the intrinsic growth calculations. This is a critical component for accurate valuation. Stay tuned for the upcoming Free Cash Flow to Firm (FCFF) calculation! #Finance #WACC #DCF #IntrinsicGrowth #Valuation #MRFLtd #FinanceAnalysis #FinancialModelling

Does Section 56(2)(viib) of the Income Tax Act, 1961, apply to converting pre-existing unsecured loans into equity shares at a premium? Can the Assessing Officer substitute the Discounted Cash Flow (DCF) valuation method with the Net Asset Value (NAV) method?" #Caselaw #Incometax #Analysis #EquityShares #Consideration #ComplyX #CX

New Post: How to calculate LTCG with Grandfathering for equity shares that split – How to fill Schedule 112A - https://lnkd.in/gWEwu7VZ

Unexplained cash credit u/s 68 - bogus share capital/share premium - The tribunal noted that the appellant's company had witnessed significant growth over the years, leading to a substantial increase in the value of its shares. The ITAT also considered the financial status of the share subscribers, who demonstrated ample net worth to justify their investments. - Furthermore, the ITAT emphasized that the provisions of Section 56(2)(viib) of the Act, relating to the valuation of shares, were not applicable to the assessment year in question. It was concluded that the addition of the unexplained cash credit was unjustified. http://dlvr.it/T3VmDR #IncomeTax #Highlights #TaxLaws #TaxTMI

Some think requirements for a purchase price allocation are the same for tax and financial reporting. However, contingent consideration, transaction costs, and accrued liabilities generally result in a different purchase price for tax and financial reporting purposes. Elevate your understanding of PPAs with one of VRC (Valuation Research Corporation)'s most popular educational pieces on the topic. https://hubs.ly/Q02LVBJf0 #valuations #taxinsight #financialreporting #mergersacquisitonsdivestitures

Our CEO and founder, Lars Holst CFA, recently joined the discussion on what we expect to see on regulation for CFDs in the EU. Find out what industry leaders are saying in this article by Finance Magnates. Read the full article here --> https://lnkd.in/dKf92DKH #Regulation #CFDs #TradingTechnology #TradingStrategies #GCEX

What do you expect to see in 2024? Here is my latest contribution to Finance Magnates on the topic of CFDs. To discuss Virtual Assets, please join Mehtap Önder, Frank DESVIGNES and me this Thursday during True Global Ventures new Podcast as we discuss Demystifying Virtual Assets in 2024. Send me a message to request a link to join the conversation as we have limited availability. #CFDs #VirtualAssets #DigitalAssets #Trends2024 #GCEX