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Difference in Investment Amount
AFM
answered on 05-Sep-25 06:43
Sir this is a question 10 from May 25 RTP while calculating the present value of investment I got a difference of Rs.209 for bond X and Rs.139 for Bond Y with ICAI Answer. Are my workings wrong.?I attached my workings. However the required no.of bonds answer is the same as with ICAI. Will there be any marks deduction for this sir.? i.e for the difference amount.
latest answer
Okay Sir. Thank you.
K Vamshi
CA Final
★ 14K+
2
154
Risk free rate
AFM
answered on 05-Sep-25 06:21
In Illustration 20, Since the market price of the bond was higher than its face value. the current yield was calculated to determine the current market coupon rate, which was then taken as the risk-free rate, However, in the present illustration, the market price of the bond is also higher than its face value, but instead of calculating the current yield, the expected return of the bond is directly considered as the risk-free rate. Why is there a difference in treatment between these two cases? [Video Time Stamp: 08:00]
latest answer
In ill 26 we have more information and hence used it. We did not have cost details in Ill 20
Shinisha Rose R
CA Final
★ 5K+
1
143
SQC 1 and SA 220
Auditing
answered on 05-Sep-25 10:18
SA 220 is applicable for this case study but in the answer, they have given reference to SQC-1 Why? Also, this is audit engagement, so SA 220 will only be applicable as per my understanding. Can you please clarify
latest answer
SQC is applicable to all engagements including audit and non audit services. This is firm decision about accepting an audit. It’s at firm level. So SQC 1 is applicable. After acceptance, SA 220 comes into picture
Shankari C
CA Inter
★ 3K+
1
139
Is ICAI solution regarding Ind As 21 and 109 wrong?
Accountancy
answered on 04-Sep-25 13:49
Since the rate Implicit in the loan is different than the rate of Interest of loan, shouldn't this be recorded at Fair Value as per Ind As 109 and not Transaction Price? Even the amortization table won't match at the end in this solution of ICAI.
latest answer
https://www.youtube.com/live/8C4oB8jbURA?si=Owvz32uJ8baOci5_
OM Lunkad
CA Final
★ 0
2
184
ICAI module coverage
Auditing
answered on 05-Sep-25 10:19
Ma'am unlike chapter 1 i.e. Nature, Objective and scope of audit, certain portions are not covered. Also it is not sequential unlike Chapter 1. Is it according to new scheme of CA inter syllabus?
latest answer
Yes it is as per new scheme. The syllabus is lined with with icai material. Let me know which part are you exactly referring to
Rahul Anand
CA Inter
★ 6K+
1
158
Video No 52 - Immovable Property
Corporate & Other Laws
answered on 06-Sep-25 13:54
The Definition of Immovable property as per the GC Act 1897 says benefit arising out of Land so this timber is one of the benefit arising from land so why it cannot be considered as immovable property and if the answer is it is not an immovable property then what is considered as benefit arising out of land.
latest answer
It depends on whether its standing timber tree or cut out. as long as its standing, its immovable. If its all cut out (as in discussed examples)- its moveable. Many judgements vary in this regard. we have to look on case to case bases.
K K Subba
CA Inter
★ 3K+
2
138
Standard Deduction
Direct Taxation
answered on 05-Sep-25 13:37
Hello sir, May i know why you took standard deduction 50,000 under default tax regime , its 75,000 right? [Video Time Stamp: 04:56]
latest answer
Under default it should be 75,000 only
Anil Kumar.H
CA Inter
★ 2K+
1
158
Notice of Adjourned meeting
Corporate & Other Laws
answered on 10-Sep-25 23:08
In how many days should the notice be sent to the members in case of Adjourned meeting? Should we include any dispatching day or other days as we seen in Section 101? [Video Time Stamp: 01:55]
latest answer
Thank You Mam
Mohamed Kaiz
CA Inter
★ 2K+
4
139
Margin buy and sell rates in foreign exchange
AFM
answered on 04-Sep-25 20:45
One simple trick to understand and remember the logic behind using buy and sell margin rates, deduction and adding, in the cases of foreign exchange contract cancellation and extension 😞
latest answer
Could not understand your query properly If you are asking trick for remembering fate of forward contracts - i have covered in a revision video FOF - Hinglish https://youtu.be/4ybVW3MgxT8 FOF - English https://youtu.be/dt2-p_j-W6A?si=yNeYY0WbFzCoD_cx
PRASANNAKUMAR POTNURU
CA Final
★ 7K+
1
155
MCQ Booklet number
Financial Reporting
answered on 05-Jan-26 18:02
Sir, Kindly clarify this..I wrongly wrote my booklet serial number in answer sheet.. But shaded it correctly.. In that dotted box.. I wrote the number wrong..is that any problem?
latest answer
may i know did you get marks and paper evaluated
Tamil kaviya
CA Final
★ 80
2
144