Forums
illustation 2
Direct Taxation
answered on 21-Mar-25 09:44
Can you please clarify why the standard deduction is not deducted from salary ?
latest answer
As question does not provide any thing. We assume that income from salaries is after deduction
Merlin Mathew
CA Inter
★ 11K+
1
204
SPOM - Career impact
Others
answered on 23-Mar-25 16:56
From a career perspective, would the topic i select for SPOM matter much if I'm applying for a role covered by that topic? Eg forensic accounting Just want to know if its fine to study with the idea of getting it done with least effort
latest answer
Thank you sir
Vishnu Muraleedharan
CA Final
★ 32K+
2
240
Liquidated damages and penalty
Corporate & Other Laws
answered on 21-Mar-25 00:08
These two examples are not understandable and confusing and how 1st example becomes penalty and why not 2nd ? Can u please help me out??
latest answer
Thankyou mam
M Pavan
CA Foundation
★ 290
2
211
Margin rate
AFM
answered on 21-Mar-25 10:29
Why are we adding 0.2% margin, we are buying na ? and buy rate is 0.45% and not 0.2%
latest answer
Q says Margin money from bank’s point of view for buying and selling rate is 0.45% and 0.20% respectively. A - When bank buys currency it is 0.45% (it is subtracted from USDINR exchange rate) & Bank will buy currency - means customer is selling it - a normal exporter entering into a forward or importer cancelling a forward they already entered into B - When bank sells currency margin is 0.2% is added to USDINR exchange rate i.e customer is buying it - an importer entering into a forward or exporter cancelling a forward they already entered into In given situation 0.2% is added as customer who is an exporter is cancelling a forward he originally entered into - situation B
Hrishikesh Pradhan
CA Final
★ 18K+
1
226
Partner being an agent to the first
Corporate & Other Laws
answered on 21-Mar-25 00:04
In this the marked paragraph is not understandable can u please clarify my doubt mam ?
latest answer
Thankyou mam
M Pavan
CA Foundation
★ 290
3
200
Gst related to gifts and incentives
Indirect Taxation
answered on 21-Mar-25 12:04
Should gst be levied on gifts recieved on fulfilling a certain target set by vendor.eg if a purchase exeed a certain limit the vendor would give either credit note or a gift.Do such action attract gst?? It's taxable under income tax .my doubt is on gst
latest answer
If it is gift then there is no GST but ITC cannot be claimed.
Abhishek Purohit
CA Inter
★ 10K+
1
220
Purpose of MIRR
Financial Management
answered on 20-Mar-25 21:20
Sir, what is the benefit of MIRR ? Why are we using MIRR instead of IRR ? If in the sum 9.45% rate of PV is arrived from FV why are we doing reverse calculations here like we are calculating FV for all CF and the FV of all CF are bought back to PV ?
latest answer
Woww... Now I understand the purpose of using the IRR & MIRR Thank you so much sir !!!
Jashvanth.K
CA Inter
★ 11K+
2
186
IND AS 116
Financial Reporting
answered on 21-Mar-25 09:37
Sir at the end of year in in below example does lease rental is remeasured or variable payment is charged to p&l till end of lease term,
latest answer
2% which is in susbtance fixed is considered in computation of lease liability If any amount is paid in excess of 2%, that is charged to P&L. It is not used to measure the liability.
R Yashwanth Kumar
CA Final
★ 87K+
1
212
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
238