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ICAI suggested answer still considers the futures outflow 25K as as the real outflow
AFM
answered on 20-Mar-25 16:00
ICAI suggested answer still considers the futures outflow 25K as as the real outflow
latest answer
No
Hemachandra D
CA Final
★ 9K+
3
252
ICAI suggested answer
AFM
answered on 20-Mar-25 15:25
Sir ICAI suggested answer is different for part, that is wrong right, i have atached image
latest answer
I updated the video. I had initially solved incorrectly - Video is right. P600 will be updated in some time The wording was intentionally confusing - I read the text " investor was sold 4 contracts" as Investor sold 4 contracts "
Hemachandra D
CA Final
★ 9K+
5
237
Final - course registration
Exams
answered on 20-Mar-25 09:59
My articleship registration is done and I got the confirmation from ICAI. Is there any last date for final registration and if I register now what will be the expiry period of the CDS coupon. Would it be better to start studying now and register for the final in my second year of articleship so that I'll get new books? Kindly assist. Thanks
latest answer
Ok sir
Aswin Chandar
CA Final
★ 40K+
3
232
Clubbing
Direct Taxation
answered on 20-Mar-25 10:35
Can anyone give some examples of sec 64(1)(vii) clubbing provisions
latest answer
Thanks brother !!! Got a perfect example
Jashvanth.K
CA Inter
★ 11K+
2
222
Financial Instruments
Financial Reporting
answered on 20-Mar-25 12:21
Good evening sir! Usually,FL are subsequently measured at AMC and measured at FVTPL only when HFT,or, CC payable as per Ind as 103 or FG or FL created inplace of derecognition of FA right sir? But in the given question, it doesn't fall under any of the categories that attracts FVTPL accounting for subsequent measurement,then why it is given that it subsequently measured at FVTPL sir? Can you please clarify
latest answer
If you have time you can include.
Priya Bhimani
CA Final
★ 8K+
3
188
Deduction U/s 91
Direct Taxation
answered on 21-Mar-25 12:17
In this question, the assessee has foreign country income of Rs. 12,75,000/- (25,000 - 8000 * 75) which is taxable in India as Rs. 13,12,500/-. It seems to be doubly taxed on the amount of Rs. 12,75,000/-, but the question considers Rs. 13,12,500/-. Is it right?
latest answer
Answer is right. Doubly taxed income is 13,12,500 only.
kathiresh V
CA Final
★ 15K+
1
247
Non Market Related Performance Condition
Financial Reporting
answered on 20-Mar-25 10:41
In the previous video it is said that, Recognition shall be made if Service and Non Market Related PC are met. In Illustration 9, even though Non Market Related Performance Condition is not met, we have recognised the expense. Can you please explain?
latest answer
The condition is for three years. At the end of first year, it was not met. However there is a chance that it could be met in 2nd year or 3rd year. Standing at end of first year, we would take the most prudent scenario of booking expense. i.e. assumption that the condition might be met in 2nd year. Hence expensed over 2 year period. Further the condition was not met at the end of 2nd year and hence it was spread over three years.
Mergu Nikhil
CA Final
★ 2K+
1
174
SA 510
Auditing
answered on 19-Mar-25 19:14
Hi Madam, What is the meaning of TCWG?
latest answer
Those Charged With Governance
Venkat L
CA Inter
★ 2K+
1
218
IBS
Others
answered on 11-Apr-25 16:54
Hi sir, is the detailed index for AFM (Sriram Sir) and GST (Shiva Teja Sir) available? If yes, please provide, so that it will be helpful for the IBS exam.
latest answer
Okay sir
Raviteja Kusumanchi
Qualified CA
★ 42K+
4
253
Working Capital Management
Financial Management
answered on 19-Mar-25 16:59
Any one please explain this in brief
latest answer
Double shift
Eswar Aakash
CMA Final
★ 57K+
1
185