Forums
Forward Exchange rate contract
Financial Management
answered on 21-Nov-24 19:23
In the given example: If Per dollar reduced below INR 70, then Forward rate of INR 68 will be taken to cover the same. What happens if the Per Dollar increased above INR 70, Assume, it is INR 75/$, then it will be considered as INR 75 Lakhs?
latest answer
No whatever be the market rate on maturity date, the forward cover rate will prevail as far as teh contract between the bank the exporter is concerned
Soundar Rajan
CA Inter
★ 560
1
772
Ideal forward rate
AFM
answered on 17-May-25 20:43
If we calculate ideal forward rate using formula =Spot * (1+Int rate of domestic country)/(1+ Int rate of foreign country), then answer will be 0.665*1.0225/1.075, i.e., 0.6325. But you got the ideal rate as 0.6681. Can this approach be used?
latest answer
You can do that way also but answer will not change as we are not trying to find out the ideal rate but actually make a decision on borrowing or lending. The diff is because i divided the Annualized differential by 4 whereas you divided respective annual interest rates by four and computed the differential
Raviteja Kusumanchi
Qualified CA
★ 42K+
7
775
B2B or B2C
Indirect Taxation
answered on 22-Nov-24 21:28
When the supplier of service provide service to Government department, for which Government department deducts TDS since the amount exceeds Rs.2.5 lakhs , is it covered under B2B or B2C supplies ?
latest answer
Thank you Sir
Prethivi Rajan
CA Final
★ 9K+
2
781
Callable vs Puttable
Financial Management
answered on 21-Nov-24 19:40
If callable bonds are brought back at premium.. Then Puttable bonds are sold by the public (Before Maturity) at Discounted price or at Par or can be at Premium? Or Company imposes any fine or penalty for premature? If yes, what is the percentage for the same.. Thanks in advance
latest answer
Thanks a lot sir.. 🙂
Soundar Rajan
CA Inter
★ 560
2
906
Regarding surrender of permenant exemption
Others
answered on 06-Nov-25 11:14
Sir ,How to surrender permanent exemption and reappear for the examination of ca inter
latest answer
Not sure how ICAI handles this. Send it by speed post. will reach in 2-3 days.
Rami Reddy
CA Inter
★ 180
4
2K+
Depreciation Calculation
Financial Reporting
answered on 22-Nov-24 14:04
Sir, we calculated Depreciation for 6 months (from 1st oct to 31st March)= 444600+179400= 624000 * 10% for 6 months= 31200. Why did we deducted 23400, what is the logic? As Rs 23400 was calculated for first 6 months (1st Apr to 1st Oct)
latest answer
The question gave us information as on 31-Mar-18 We need as on 1-Oct So first we computed balance as on 1-Apr-17 and the computed value on 1-Oct. For consolidation purpose, we can directly take 624,000 FV and reduce 10% for 6 months.
Hrishikesh Pradhan
Qualified CA
★ 18K+
1
681
Salary
Direct Taxation
answered on 26-Nov-24 14:47
Solution of 4.....................................
latest answer
Right.
Sushmita Chowdhury
CA Inter
★ 2K+
3
719
Regarding ITC
Indirect Taxation
answered on 28-Nov-24 13:05
Sir, when we opt in for composition scheme, should we need to reverse all the inputs that we have used in the previous year to set off against outward supplies? And when we opt out of composition scheme, can we claim all the inputs that we have missed in the previous years?
latest answer
It has been covered in TCS & Registration chapters - Same thing is duplicated in ICIA material both in Reg & TCS chapter as well as a a separate e commerce chapter - If you have any doubts pls get back
S Shriram
CA Final
★ 0
9
275
Buyback of shares 1st test
Accountancy
answered on 22-Nov-24 14:00
Hi sir , Sir ; in the first test what does the word outstanding shares actually mean ?
latest answer
the term "outstanding shares" refers to the shares that have been issued by the company and are currently held by the shareholders, excluding any treasury shares or shares that have been repurchased but not yet canceled. Basically shares in issue.
Nagachaitanya Nomula
CA Final
★ 8K+
1
440
EXPANSION
Direct Taxation
answered on 22-Nov-24 19:44
ROI FULL FORM? IN DEDUCTIONS 43B
latest answer
Return of Income.
Saniya Balekai
CA Inter
★ 285
2
673