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Opportunity cost

AFM

answered on 31-Oct-24 08:45

Can we calculate additional professional income as 40L*(10/90) = 4.44 L i.e 90% of time leads to exisiting professional income of 40L instead of 40L*10% = 4L?

latest answer

U can pls state that as an assumption

Durai Murugan

Durai Murugan

CA Final

470

1

503

Regarding Exemptions

Exams

answered on 30-Oct-24 22:38

Is the ‘set off’ option in the CA final exam available even if I got exemption in one paper in the first group on May 24 and appeared for both groups on Nov 24?

latest answer

Thank you sir

Kanishkaa Kanagasabapathy

Kanishkaa Kanagasabapathy

CA Final

2K+

2

502

exemptions

Direct Taxation

answered on 07-Nov-24 15:22

Sec 54, in the video, it is said that one residential house in India is exempt but in the study material, it is mentioned that two houses are exempt what must be considered ?

latest answer

Welcome.

rushmitha ev

CA Inter

1K+

3

221

Growth factor

AFM

answered on 30-Oct-24 20:28

Sir we adjusted growth in p2 calc But why we didn't made for d1 and d2 i.e, ke-g in denominator of g=20% for initial 2 yrs.

latest answer

ke-g is formula for perpetuity i.e till infinity & not formula for explicit period explained it in the videos in screenshot below

Bhanu VishnuMolakala

Bhanu VishnuMolakala

CA Final

90

1

221

quoting of section

Indirect Taxation

answered on 04-Nov-24 16:37

is it mandatory to quote section number ?

latest answer

For CA Final students it is mandatory and for Inter students it is recommendatory.

Sravani Tutta

Sravani Tutta

CA Inter

2K+

1

200

foreign Currency

Financial Reporting

answered on 29-Sep-25 10:23

There has been a restatement of Trade Receivables (foreign Currency TR) as on 31st March. Assuming it as Unrealized gain. Being a non-cash item, it should be minused from Net profit to arrive cash from Operating activities and the same to be adjusted against changes in TR(as it is not the actual movement ) . Am I right, sir?

latest answer

In the case of loan it is related to financing activity. So it would be adjusted. In other cases either you can adjust the unrealised gains or directly consider opening - closing.

Swathi S

Swathi S

CA Final

975

3

233

Article ship

Others

answered on 30-Oct-24 17:01

. I just finished my Intermediate and have already completed ITT and Orientation. I’m aiming for the May 2027 attempt, but the ICAI SSP portal hasn’t updated my result yet, so I’m worried it might delay my registration. Is there any way to speed things up, or something you’d suggest I do to get registered in time? Really appreciate any advice you can give! Thanks a lot! Shahin

latest answer

PLs check the link below where we discussed this https://1fin.link/forum/5c23117a927a41eb8190c5e480a35f71

Shahin

Shahin

CA Inter

250

1

432

DTL-Accounting

Financial Reporting

answered on 02-Nov-24 10:30

Sir, but as per accounting Rs 4 Cr liability was created na? So, won't we consider it

latest answer

Its equity and not liability.

Hrishikesh Pradhan

Hrishikesh Pradhan

CA Final

18K+

1

372

Saving 6 months

Others

answered on 30-Oct-24 17:01

How to register for articleship in before 31 October

latest answer

PLs check link below where we discussed this https://1fin.link/forum/5c23117a927a41eb8190c5e480a35f71

Shahin

Shahin

CA Inter

250

2

382

last date of final registration for may 2025 attempt

Others

answered on 30-Oct-24 16:04

last date of final registration for may 2025 attempt

latest answer

Jan 1st, 2025

nikhil g

nikhil g

CA Final

0

1

459