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Doubt in traded value notional amount and traded value
AFM
answered on 24-Nov-25 16:09
Sir, if we multiply the traded volume with a spot price of 14300, we are not getting the traded value notional amount and can you please explain computation of the same and computation of the traded value
latest answer
Understood sir
siva chaitanya
CA Final
★ 13K+
3
105
Reclassification from Asset held for sale
Financial Reporting
answered on 24-Nov-25 15:13
While we reclassify the asset held for sale into PPE and the carrying amount is below 460000, can we take it as an impairment by 26154? Or should we directly transfer to P&L? because if there is a need to reverse the impairment in the future, this amount will need to be considered. Kindly please clarify
latest answer
As per Ind AS 105 - it is treated as a loss. Its not treated as impairment loss.
Varshini Rao
CA Final
★ 35
1
97
Industrial Training query
Others
answered on 24-Nov-25 14:13
I am currently doing my Articleship. I have registered for Articleship..But haven't done CA final registration. Will it affect Industrial Training eligibility.
latest answer
Thank u so much
Ananya Bk
CA Final
★ 0
2
89
Donor's biz. ad without consent by the charitable institution?
Indirect Taxation
answered on 02-Dec-25 09:37
Sir, what if the advertisement of Rudraksh Kapoor's business done on the door of the room is done without his consent and the ad was a unilateral action by the charitable inst. out of respect? [Video Time Stamp: 00:07]
latest answer
Done.
Rahul Anand
CA Inter
★ 6K+
3
109
Benfits of Audit planning
Auditing
answered on 25-Nov-25 07:13
Mam i could not understand the last benifit. How planning helps an auditor in coordinating with experts? Is it in a way like: we plan at the very begining that how we will be working with the expert, and how we can utilize his expertisim in our audit purpose. [Video Time Stamp: 12:06]
latest answer
ok mam
Vinod Kumar
CA Inter
★ 11K+
2
120
Ind AS 116 1) Educational Material Query: Non-dealer lessor treatment of selling profit?
Financial Reporting
answered on 28-Nov-25 13:08
1) There is a question in the Educational Material (Q. 66 as shown in ss) which is similar to Illustration 38 in ICAI Study Mat (ss attached). In the educational material solution, the lessor is assumed to be a non-dealer lessor, and the initial profit of INR 11,000 (computed as fair value = 111,000 minus book value = 100,000) is not booked at commencement. Instead, a new IRR of 12.175% is calculated so that the net investment in the lease equals the book value of the asset (in place of its fair value). The solution says that the selling profit is to be deferred (ss of solution attached) over the lease term. Is this treatment to be followed in case of a non-dealer lessor in the exam as well? Also standard doesn't require explicit deferment of initial profit, right? 2) In Illustration 38 (ss attached), it is assumed that the lessor is a 'dealer' lessor, so the above problem is not addressed in the ICAI study mat. In the solution (ss attached), revenue is computed as equal to the present value of the lease receivable, excluding the present value of the unguaranteed portion of residual value. But the standard requires revenue to be measured at the fair value of the underlying asset (or lower if market/commercial rate of interest is used instead of the implicit rate of interest). Since fair value is the same as net investment in the lease and the latter includes the present value of both the lease payments and the unguaranteed residual value, shouldn't we recognise revenue as equal to the net investment in the lease? The COGS then comes out to the cost of the inventory/asset in the books, which also seems more appropriate. I also acknowledge that selling profit comes out the same in any case.
latest answer
As per Ind ASa 116. revenue is the fair value of the underlying asset, or, if lower, the present value of the lease payments accruing to the lessor, discounted using a market rate of interest;
Siddharth Kulkarni
CA Final
★ 28K+
4
109
In 3rd point
Auditing
answered on 24-Nov-25 18:55
Mam whether the same audit firm can do both assurance services and non assurance services to the same client but different team members should be? [Video Time Stamp: 09:32]
latest answer
No. Disqualification is for the firm as a whole always!
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
104
sec 129 penalties
Indirect Taxation
answered on 24-Nov-25 16:18
Penalties are different in theory and prbm solving Confused blw them as which has to be followed [Video Time Stamp: 08:49]
latest answer
If owner comes forward then penalty is 200% of tax and if owner does not come forward then penalty is 50% of value or 200% of tax whichever is higher. This is final.
Veena Avusula
CA Final
★ 1K+
1
127
Rule 32(5)
Indirect Taxation
answered on 24-Nov-25 16:18
Second hand gold sold is exempted from gst ah sir, Then Jewellery shop sell this second hand gold may opt margin scheme sir
latest answer
Second hand dealers can pay GST on margin.
Sudhanbrabu T
CA Final
★ 0
1
120
Need Guidance
Exams
answered on 27-Nov-25 20:08
Sir/Ma'am, I'm preparing for the may 2026 attempt of ca inter. I'm holding the July 2024 edition of all 6 study materials. What additional updates, amendments, notifications, RTP/MTP content or changes do I need to incorporate to ensure full coverage of syllabus and updates for May 2026? Also please let me know if anything more needs to be considered too.
latest answer
Ok sir
Poojasree Shakthiraam
CA Inter
★ 25
6
145