Forums
Ca inter group 2
Exams
answered on 04-Jul-25 19:09
Hello sir! I am a ca ipcc student converted to intermediate. I have cleared my group1 in may 2012 but haven’t cleared group 2. I’m thinking of appearing for inter group 2 exams after a long gap. Since I have cleared Accounting, law, costing & fm, taxation in group 1 of ipcc, what subjects i will have to prepare for now & what I am exempt from? .what is the unit under which i can fill the exam form? Kindly help..
latest answer
Unit 2D Audit FM SM
SUNAYANA PATIL
CA Inter
★ 0
1
226
ICAI answer key mistake
Economics
answered on 04-Jul-25 20:05
Unlimited ends and unlimited means together present the problem of ______? A. Scarcity of resources B. choice C. Distribution D. None The answer must be A but in key it's B In exam which way do they allocate marks as per ICAI or actual answer 🤔
latest answer
choice
Bhavagna reddy Puli
CA Foundation
★ 730
4
694
Volume discount for services
Financial Reporting
answered on 05-Jul-25 20:53
HI Sir, How treat the volume discounts for services. Eg: If couster reaches the target 50 corore discoint is 5%. [Video Time Stamp: 08:49]
latest answer
thank you sir.
Raja Gopinath
CA Final
★ 3K+
2
162
Capital gain - sec 47- Exemptions
Direct Taxation
answered on 06-Jul-25 21:30
Capital asset transferred from holding company to subsidiary company is exempted from CG. However, when capital asset is transferred as stock in trade, this provision is not applicable right? So in that case, will the capital asset transferred as stock in trade be taxable under CG or PGBP
latest answer
It amounts to conversion of capital asset into stock in trade
krishnamala gk
CA Final
★ 0
1
188
Concept behind taking libor change every year
Financial Reporting
answered on 09-Jul-25 16:46
Sir, in this Q25, the libor rate of 2% is considered for all the subseqent years, whereas in the previous q24, the index rate of 108 is only considered for o ne year and the same is taken for all the years,, sir could u tell the reason for choosing different ways [Video Time Stamp: 03:42]
latest answer
When it is based on index - we take current index / index of base year x lease payment. We do not know subsequent changes in index rate. In case of Libor or benchmark rate, its like the payment is increasing by 2% each year. So we know every year its increasing by 2%.
Abhinav K A
CA Final
★ 2K+
1
158
New amendment
Exams
answered on 03-Jul-25 21:49
I purchased course for May 27 exam in IDT ..if there is any amendment whether the updates be notified?
latest answer
Yes. On app and YouTube.
Mathumetra Arulraj
CA Final
★ 70
1
208
Eligibility for exam
Others
answered on 03-Jul-25 21:54
I am cleared my inter in May 2024 under new scheme.. whether i am eligible for Jan 27 attempt or may 2027 attempt
latest answer
I assumed Jan 26 since most are now getting ready for Jan/May 26. 😅
Mathumetra Arulraj
CA Final
★ 70
6
179
Cfa L2
CFA
answered on 04-Jul-25 10:52
How vast is CFA L2 syllabus compared to L1 I've seen people saying L2 is much deep and volume compared to L1.. but actually when I see the recordings available in indigo for L2 it's around 139hrs which is less then What is there for L1
latest answer
It is almost same size. A few concepts are deeper that's all. Ethics is actually same except for few small changes.
Dhakshana Dhakshana
CFA L2
★ 18K+
1
187
Order of performance
Corporate & Other Laws
answered on 05-Jul-25 12:34
A person is ready to buy a house worth ₹2 crore In contract order of performance is mentioned but the purchaser is ready to pay the 50% before registration and remaining 50% at time of registration Order of performance( condition registration will be done when 40% or more is received) 25% at base creation 25% when walls are made 25% at time of interior design 25% at time of handover In this case there will be a breach of contract or not as purchaser is not following the order of performance
latest answer
If the developer agrees to the purchaser's revised payment plan then it will not be considered as a breach of contract, however if the seller insists on the original schedule, the purchaser’s failure to follow it gives the seller the right to terminate or delay obligations.
Gurukanta Singh
CA Foundation
★ 19K+
1
186
Financial Instruments - CFI
Financial Reporting
answered on 09-Jul-25 17:19
When CFI is redeemed early, for the FL portion, whether P&L is calculated as the 1. Difference between Carrying amount on Repurchase date and PV of remaining future cash flows @ new discount rate or 2. Difference between PV of remaining future cash flows @ Initial Discount Rate and PV of remaining future cash flows @ new discount rate a)
latest answer
Thankyou sir
Durai Murugan
CA Final
★ 470
3
189