Forums
Repayment
AFM
answered on 09-Mar-25 19:32
Here, we say repaid amount is 5L *56, but 3 month forward is 56.97, then ideally we will repay 5L *56.97 na ?
latest answer
Pls think calmly If not understood will explain again
Hrishikesh Pradhan
CA Final
★ 18K+
4
224
Bid/Ask
AFM
answered on 09-Mar-25 12:01
Sir, base currency is Rs . so, i want to convert GBP to inr means buy INR means sell INR for Bank, so use ask price, why can't we use that.
latest answer
Okk Sir, Understood
Hrishikesh Pradhan
CA Final
★ 18K+
2
196
Computation of interest rate
AFM
answered on 09-Mar-25 11:04
Sir, I computed by myself and got interest rare for 6 months franc int rate as 19.1443% while our answer is 19.153%, will this variation be ok
latest answer
Sure no worries
Hrishikesh Pradhan
CA Final
★ 18K+
1
177
Return of medicine
Indirect Taxation
answered on 15-Mar-25 11:46
Return of medicine by composition supplier to manufacturer. Composition supplier will have to pay tax again twice while returning ?
latest answer
It is right. He will show it as sale and issue bill of supply.
Sushmita Chowdhury
CA Inter
★ 2K+
6
263
Capital gain amendment
Direct Taxation
answered on 09-Mar-25 08:32
How can i get the amendment of capital gain..from which website ..without reading the whole chapter again
latest answer
Video is available on. YouTube
Sushmita Chowdhury
CA Inter
★ 2K+
2
217
setoff
Exams
answered on 09-Mar-25 08:32
sir i have appeared for exam in nov 24 (ca final ) group 1,i failed in the exam but i got exemption in AFM (67marks) now i am giving both groups in may 25 can i get setoff for both group
latest answer
Yes.
Suman Hs
CA Final
★ 2K+
1
219
Input tax credit
Indirect Taxation
answered on 13-Mar-25 10:25
Sir If sale of asset by registered person where ITC Has been claimed on such asset and if he sold which Rule will apply Rule 40(2) or Rule 44(6). Both are telling the same method but method of reversal bof ITC is different. Which should we follow
latest answer
Both are correct. For exam purpose, we will follow Rule 40.
M Naresh
CA Final
★ 3K+
2
232
What category of illustration is this ?
Financial Reporting
answered on 03-Apr-25 12:08
Sir is this same as earlier problems, what category this illustration belongs to ?, as in this case less than 50% is what acquired, and the reason we called as acquistioon of business as there is input and the substative process, i earlier presumeed that you need to have a control as well which should be more than 50% to consider it has business commbination and in the consolidated we used to consider the NCI as well so this problem is just a question about 33% stake acquired, but why not consider it has investment kind ? I understood how this illustration solved, just confused of why we incorporated all the assets to the extent of only 33% considering it has acquistion of business as earlier we used to consider 100% of assets with NCI and we didnt considered NCI in this case
latest answer
We acquired 33.33% of the business and the other entity acquired 66.67% of the business. It is not that we have acquired % share in a company. It is like we have acquired an interest in the block. This is a different question as compared to previous questions.
Hemachandra D
CA Final
★ 9K+
1
178
Classified as Held for sale illustration -12
Financial Reporting
answered on 11-Mar-25 15:23
Sir, As you mentioned in situation 2 and the company is aware of land contamination and it's not available for sale in its present condition. Same in situation 3 the company is aware of land contamination and you said it's not available for sale in its present condition and not classified as held for sale as per ind as 105. Can you explain why it is not .??
latest answer
Okay Sir. Thank you
K Vamshi
CA Final
★ 14K+
2
170
What is real and nominal
AFM
answered on 08-Mar-25 17:57
nominal" refers to the current price of something, while "real" refers to that same value adjusted for inflation, In answer after adjusting inflation getting nominal cash flow? How Confusing What is real and nominal
latest answer
Nominal refers to current which has inflation Real is without inflation
Ramamoorthy Kaliyaperumal
CA Inter
★ 3K+
1
370