Sec 12 (5)

answered on 27-May-25 15:30

In case, where periodical return need not be filed, i.e he is unregistered then why will he even pay tax, so logically there will be no time of supply na?

latest answer

He is liable to pay tax but he is unregistered then this concept will apply.

Hrishikesh Pradhan

Qualified CA

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296

Printing mistake

answered on 25-May-25 07:08

Sir, Printing mistake in variance value in year 2 answer.

latest answer

Thanks for highlighting. Will get it corrected

Sugathan P.R

CA Final

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258

SA 240, Fraud committed by Third Parties

answered on 27-May-25 11:54

Could you please give me an example relating to fraud committed by Third Parties as per SA 240

latest answer

Simplest example - A third party (stranger) posed as a new supplier and sent a fake invoice to a company. The company, without proper verification, paid ₹50,000 to the bank account. Here, a fraud is committed by an outsider whom we call as third party If you need more industry based example, please let me know

Poluru Penchalaiah

CA Final

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206

Misc provisions-nidhi company

answered on 29-May-25 12:38

The answer to the below question is b. But as per the provision it is one of the restrictions of nidhi company, so confirm which one is correct?

latest answer

Thank you mam

DIVYA S

CA Final

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249

Brogden vs Metropolitan railway company

answered on 27-May-25 16:58

In this case law it says when acceptance is not communicated it does not form an agreement. But as per implied contract an act done by the offeree ( NOTE:::: intention to acceptance) represents the offer to be accepted if the answer is not given. If this case law Brogden vs Metropolitan railway company comes in exam what should be the answer as per acceptance or as per implied contract If the question asks give your view on basis of Indian Contract Act 1872

latest answer

The acceptance is not happening by conduct here the agreement is just signed but not communicated.

Gurukanta Singh

CA Inter

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871

Investment decision

answered on 25-May-25 11:17

Give elaborate calculation for calculating MIRR..that fraction and root part

latest answer

Mirr

Interest rate used for FV

answered on 24-May-25 17:50

I've understood why we used the borrowing rate to compute the future value of option premium paid on Day 0. But why shouldn't we see it from the POV that interest is lost on the premium paid out of pocket and use the deposit rate instead to compute FV?

latest answer

Good question Because borrowing rate is higher than Deposit rate Large Companies rarely have too much surplus lying around in low cost deposits They have long term deposits at higher rates and then in parallel have borrowings by OD / CC for short term requirements So for them opportunity cost is not deposit rate but borrowing rate

Ruthvik Reddy Adala

CA Final

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291

Syllabus completion

answered on 24-May-25 20:49

Currently, I am in class 12th. I supposed to give my CA foundation exam in May 2026. So, tell me by what time by syllabus should to be completed?? And when should I apply for one month mentorship program?? Basically, in which month. Near my CA foundation exam or now only in this 2 to 3 months?

latest answer

You should try to complete syllabus by January. And then focus on revision. You should do mentorship upfront as the mentor would guide you on how to prepare.

kalyani Mante

CA Inter

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280

Mathematics study sequence

answered on 24-May-25 17:47

Should I start all Business mathematics, logical reasoning and statistics together or one by one, like first business mathematics then logical reasoning and last statistics?

latest answer

No specific order is required Anything is fine

kalyani Mante

CA Inter

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262

Part B

answered on 24-May-25 18:59

Why have we used exchange rates after 6 months in the final computation and spot rates in other cases to compute profit/loss?

latest answer

Spot rates

Ruthvik Reddy Adala

CA Final

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251