Forums
Fixed income
CFA
answered on 11-Feb-25 07:31
In comparing the price volatility of putable bonds to that of option-free bonds, a putable bond will have: A) less price volatility at higher yields. Correct Answer B) less price volatility at low yields. Incorrect Answer C) more price volatility at higher yields. why A is not right putable bond is a benifit for the holder so it usuallyhave higher price and lower yield ?pls explain
latest answer
Put table bonds
Dhakshana Dhakshana
CFA L2
★ 18K+
1
231
Event organized outside India
Indirect Taxation
answered on 11-Feb-25 17:27
When the event is organized outside India, the place of supply is location of recipient if the recipient is an unregistered person. What is the place of supply if the recipient is a registered person sir?
latest answer
If recipient is RP then POS would be the place where he is registered.
Viveka R
CA Inter
★ 3K+
1
224
Basic concepts- Rebate 87A
Direct Taxation
answered on 11-Feb-25 17:29
In the example (Mr.A, resident individual with total income 7,15,000) of rebate under 87A for default tax regime(115BAC) , it is said, tax of 21,500 need not be paid for the mere crossing of total income of 7 lakh. Is this applicable to optional tax regime rebate also? (i.e, is tax to be paid for mere crossing of total income of 5 lakh)
latest answer
No. In optional this concept is not there.
Basil V Abraham
CA Inter
★ 3K+
2
280
Goods sent through transporter
Indirect Taxation
answered on 11-Feb-25 17:30
Sec 10(1)(a) states that, when there is movement of goods, the place of supply will be the place where the movement of goods terminates for delivery to recipient. Here, the place of supply will be, when the goods are *supplied by supplier to the recipient's place - location of recipient *Collected by recipient at the supplier's place - location of supplier What is the place of supply when the goods are sent via transporter (third person)?
latest answer
We will see where the risk and reward is transferred to recipient and the understanding between them.
Viveka R
CA Inter
★ 3K+
1
224
What if the recipient is registered?
Indirect Taxation
answered on 11-Feb-25 17:31
In case where the goods are purchased over the counter in another state and they are transported by the buyer to his own state, in that case, if the recipient is UNREGISTERED PERSON, *address mentioned in invoice, the place of supply will be location of recipient. *address not mentioned in invoice, the place of supply will be location of supplier. What if the recipient is REGISTERED in this scenario sir?
latest answer
If recipient is registered then we have to apply Section 10(1)(a) or 10(1)(b) or 10(1)(c) but not Section 10(1)(ca)
Viveka R
CA Inter
★ 3K+
1
209
Interest Cost
Financial Reporting
answered on 10-Feb-25 16:54
Sir the interest cost in this regard in Financials will be included in Employee Benefit Expenses or Finance Cost ?
latest answer
Finance cost
Hemachandra D
CA Final
★ 9K+
1
207
Illus 11 according to textbook
Financial Management
answered on 10-Feb-25 10:00
in illus 11 acc to textbook,they have given div for each year and price of share at its beginning and we are required to find cost according to realised yield approach....could you please explain the logic behind the working of that problem
latest answer
They have found out Geometric mean of returns. It is compounded return. If some thing from 100 to 110 in Y1 - return 10% 110 - 112 .1in year 2 - return 1% 112.1 to 133.1 in year 3 - return 18.7% Then computing average return of (18.7+ 1+ 10)/3 = 9.9% is incorrect Average return = (133.1/110)^(1/3)-1 = 10% - this is correct - that is what they have done too
Rania D'souza
CA Inter
★ 650
1
228
Present value method
Financial Management
answered on 10-Feb-25 07:20
while solving in ytm method ,how do we ascertain the higher and lower rate for calculation?
latest answer
There is no specific rule Start with 10% or 12% and then adjust it
Rania D'souza
CA Inter
★ 650
1
222
Past service Cost
Financial Reporting
answered on 10-Feb-25 20:12
Sir whether the significant decrease in number of employees(they resigned voluntaritly), is also considered as curtailment(plan amedment) or change in acturail assumptions is it anything like only in cases if company layoffs the employees is called Curtailement ?
latest answer
If employees voluntarily resign, it is considered a change in actuarial assumptions. If the company actively reduces its workforce (e.g., layoffs, VRS), it qualifies as a curtailment. So it has to be company initiated. Curtailment generally means reduction of benefits and employees on their own would not want reduction
Hemachandra D
CA Final
★ 9K+
1
208
Illustration 11
Financial Reporting
answered on 10-Feb-25 20:19
Sir in illutration 11, as on 31st march ideally entry needed only for 3.2 crores right as 2.8 crores already paid for which it will be accounted in Nov itself,
latest answer
In november they would make a contribution entry not expense entry In some cases company may accrue monthly expenses.
Hemachandra D
CA Final
★ 9K+
1
234