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Electives - Final
answered 1 day ago
Difference between Depository Participant and Custodian ? What are their respective roles in Financial Market?
latest answer
Refer page 6.03 & & 6.21 https://resource.cdn.icai.org/65589bos52876parta-cp6.pdf
Aswath Natarajan
CA Final
★ 2K+
1
26
Economic law
Electives - Final
answered on 17-Jul-23 15:45
Sir/madam, Please advise as to where we can buy case study digest. Or whether we are required to take its print out for carrying to exam hall,since its has more than 500 pages. Pls advisebis it acailable to purchase as it is not seen in cds portal
latest answer
You can check in CDS portal
Sajan Gangadharan
CA Final
★ 6K+
1
106
Economic law
Electives - Final
answered on 07-Jul-23 14:32
Sir, can u please guide as how to approach for open book exams. Economic law say for eg pmla act is much more wider as regards to the one covered in paper 3 law. So how to study both effectively
latest answer
With undersatnding of Paper 3, you will be able to read and understand.
Sajan Gangadharan
CA Final
★ 6K+
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147
Valution doubt
Electives - Final
answered on 13-May-23 20:48
Hi guys one of my frnd did a thing in exam that HE WROTE THE MCQ ANSWERS IN BOOKLET with explanation INSTEAD OF BUBLING IN OMR SHEET. Q: will he get the marks for mcq questions?
latest answer
No
Sai Kiran
CA Inter
★ 3K+
1
194
risk management
Electives - Final
asked on 21-Mar-23 22:21
any one preparing for risk management? can u plz share preparation strategies
latest answer
No answers yet!!
nazriya nasar
CA Final
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0
175
Competitive advantage
Electives - Final
answered on 11-Feb-23 11:24
1)Paper 6F is a mixture of all subjects. Can we get competitive advantage from 6F? 2)Paper 6A, Banking insurance industry most preferred this. Is it similar to FRM and Actuary? 3) Paper 6B Finance domain, market trends.To some extent similar to CFA.Can we get leverage? Please Guide
latest answer
Sure. All the best
Mansha Tutlani
CA Final
★ 540
8
203
SARFAESI ACT 2002
Electives - Final
answered on 29-Oct-22 11:14
S.31 - Non applicability of the provisions of the Act It is given in the ICAI material that Any case in which the amount dues is less than 25% of the principal amount and interest thereon the provisions of the Act aren't applicable. Is it not 20% instead of 25% ? Can please you confirm
latest answer
It is 20%, there was an error in the material.
Maha d
CA Final
★ 5K+
1
181
Economic laws - SARFAESI ACT 2002
Electives - Final
answered on 29-Oct-22 11:50
S.13(13)- Enforcement of secured assets Joint lenders of financial assets - is it 66% in value of the amount outstanding should be agreed upon by the secured creditors or 60% ??
latest answer
Thank you so much mam ð???
Maha d
CA Final
★ 5K+
5
208
Economic laws paper 6D
Electives - Final
answered on 28-Oct-22 18:05
Can anyone clarify whether we need to give reasons for MCQs in Economic laws elective?? Is it bubbling or do we need to give reasons?
latest answer
No need of reason, just tick mark
Maha d
CA Final
★ 5K+
1
230
International Taxation - Transfer Pricing
Electives - Final
answered on 26-May-22 13:37
A Ltd. filed its return of income for A.Y.2020-21 disclosing total income of â?¹.20 crore. During the course of assessment, the Assessing Officer made a primary adjustment of â?¹.2 crore and passed an order on 1.6.2021 in respect of an international transaction denominated in Indian rupees, consequent to which the total income of A.Y.2020-21 has increased to â?¹. 22 crore. The excess money of â?¹.2 crore has not been repatriated till date. What are the consequences of the primary adjustment made and non-repatriation of excess money in computation of total income of A.Y.2022-23, if it is assumed that A Ltd. has opted to pay additional income-tax@20.9664% on â?¹.1 crore on 1.12.2021? Assume that the one year marginal cost of fund lending of SBI as on 1.4.2021 is 8.5% and as on 1.4.2022 is 9%. (a) Interest of â?¹. 9.754 lakhs to be included in total income of A.Y.2022-23 (b) Interest of â?¹. 9.792 lakhs to be included in total income of A.Y.2022-23 (c) Interest of â?¹. 15.645 lakhs to be included in total income of A.Y.2022-23 (d) Interest of â?¹. 16.311 lakhs to be included in total income of A.Y.2022-23 In the Material Answer Given (C) Can anyone guide me the answer for this MCQ.
latest answer
Applying the provisions of Section 92CE and Rule 10CB, Where the excess money is not repatriated within the time limit of 90 days, interest shall be charged on the excess money or part thereof. The interest shall be computed at one year marginal cost of fund lending of SBI of relevant previous year (2021-22 in the given case) + 325 basis points. Also, in case of payment of additional tax, secondary adjustment is not required to be made and interest need not be computed from the date of payment of tax, which means interest has to be computed till the date of payment of tax (1.12.2021 in the given case) Interest computation will be done from the date of the order of the AO - 1.6.2021 In the given case, the rate at which interest has to be computed is 11.75% (8.5%+3.25%). In simple terms, interest on 1 crore on which additional tax is not paid shall be computed at the rate of 11.75% for the period of 1.6.2021 to 31.3.2021 and the interest on 1 crore on which additional tax has been paid shall be computed at the rate of 11.75% for the period of 1.6.2021 to 1.12.2021. The calculation comes to approximately Rs. 15.6 lakhs.
B S Suraj
CA Final
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1
282
