Forums
Sec 447
Corporate & Other Laws
answered on 03-Feb-25 14:42
Mr A involved in Fraud Rs 2 lakhs During 23-24 and Turnover of Company in 22-23 is 50lakhs and fraud involves public interest is 447 is applicable ? If yes What Is the Amount Fine and Improisnemt? If Not What are the Consequences?
latest answer
This falls in the second half of the provision of Section 447. The fraud involves an amount less than ten lakh rupees or one per cent. of the turnover of the company, whichever is lower. Any person guilty of such fraud shall be punishable with imprisonment for a term which may extend to five years or with fine which may extend to fifty lakh rupees or with both. However where the fraud in question involves public interest, the term of imprisonment shall not be less than three years.
Chan Dra
CA Final
★ 0
3
416
Tax rate regime
Direct Taxation
answered on 05-Feb-25 05:07
For May 2025 exam, should we need to study new tax rate regime amendment on February 1 2025 or not?
latest answer
No
Mugesh Annadurai
CA Inter
★ 0
5
306
Change in the middle of the year
Financial Reporting
answered on 18-Feb-25 14:06
Sir in the question it is given the change of ROU(space), happenned in the end of 1st quarter of year 6 (end of 3 monnths in the year 6) so for 3 months 12500 (50000/4) rent + for 9 months 22,500 (30000/4*3), Total of Rs 35,000 Rent for the year 6 is this not the case mentioned in the question ? as they have mentioned change from "end of 1st quarter of year 6,"
latest answer
You are right. But The question is not clearly drafted by ICAI. They have mentioned that the lease payments from Year 6 onwards is 30,000
Hemachandra D
CA Final
★ 9K+
1
190
Types of debentures
Financial Management
answered on 02-Feb-25 17:31
While you're explaining types of debentures, mortagaged debentures haven't been explained, what are mortagaged debentures??
latest answer
Mortgaged debentures
Nandini Narreddy
CA Inter
★ 925
1
187
Levy of an exemption from custom duty
Indirect Taxation
answered on 02-Feb-25 15:17
Below mentioned topics not covered in videos.. Sec-20 : Reimportation of goods Customs ( import of goods at concessional rate of duty or for specified end use ) rules 2022 _ total 11 rules Sec 15: Date for determining the rate of duty and tariff valuation of imported goods Sec 25A: Exemption from custom duty on imported goods used for inward processing of goods Sec 25B : Exemption from custom duty on re imported goods used for outward processing
latest answer
If you have any further specific queries on topics etc pls let us know. we are happy to assist
pravalika karanati
CMA Inter
★ 3K+
2
262
Why "e^(r-d)*t" was used ?
AFM
answered on 02-Feb-25 12:24
Why "e^(r-d)*t" was used rather simiply we can add "cost to carry" deduct the "dividend".
latest answer
Derivatives are priced using Continuous compounding method - that is the original formula PA compounding and simple interest are used only for explanation purposes so that the concepts are understood. In case ICAI asks questions without continuous compounding then you may use normal compounding - otherwise continuous compounding is preferred
Chakri simhadri
CA Final
★ 6K+
1
222
Impact cost
CFA
answered on 02-Feb-25 06:35
Pls explain what is impact cost in stock market I tried but didn't understand
latest answer
Impact cost
Dhakshana Dhakshana
CFA L2
★ 18K+
1
155
ROU - Reducing Lease Incetives
Financial Reporting
answered on 03-Feb-25 19:55
sir incase of ROU, the lease incetives which need to be reduced are those lease incentives which are received at/before lease commencement right ?
latest answer
It could be post-commencement as well.
Hemachandra D
CA Final
★ 9K+
1
191
Lessor point off view
Financial Reporting
answered on 03-Feb-25 19:57
sir how would lessor know whether the lesse will excerice the purchase option or not, should the lessor make any assumptions in this cases ?
latest answer
Under Ind AS 116, the lessor determines whether the lessee is reasonably certain to exercise a purchase option based on available contractual terms, economic incentives, and market conditions at the lease commencement date. E.g If the purchase price of the asset at the end of the lease is significantly lower than its expected fair value, the lessee is more likely to exercise the option. The lessee is more likely to exercise the purchase option if the asset is specialized for its operations.
Hemachandra D
CA Final
★ 9K+
1
195
How to prepare for paper 6 - Integrated Business Solutions
AFM
answered on 01-Feb-25 20:49
Dear Sir, I am a student who has taken up classes from Indigo learn. I wanted to know how can I prepare for my paper 6 exams. It would be really helpful if you could share some insights or pointers on how to approach this paper. (I did not not know where else to post this query so I have posted on the last video.) Thank you
latest answer
Thank you so much sir !
Manu Jacob
CA Final
★ 6K+
2
515