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Calculation on PF and ESI
Costing
answered on 18-Sep-25 02:40
In illustration one the PF is added to the total cost. But in this sum it is deducted.
latest answer
I understood sir. Thank you
Nivya jasmine
CA Inter
★ 320
2
145
rate of TCS and TDS
Indirect Taxation
answered on 06-Sep-25 18:52
Could you please clarify the applicable rates of TCS and TDS? There seems to be a discrepancy between what is mentioned in the books and what is explained in the video.
latest answer
TDS is 1 + 1 and TCS is 0.25 + 0.25 presently
Ritu Kotian
CA Inter
★ 15K+
1
117
Query
AFM
answered on 05-Sep-25 18:21
Sir, should we provide a note regarding whether 360 days or 365 days are considered in a year for the calculation of interest? And can we used covered position instead of back to back position ? [Video Time Stamp: 13:49]
latest answer
Nope unless they say always use 365 And back to back only has to be considered
Akash Nanda
CA Final
★ 25K+
1
94
Financial instruments 109
Financial Reporting
answered on 05-Sep-25 12:37
In question it is given as put option then 20000 x 68 will be received why did they multiply with 66 on 31 st december 20x1 entry
latest answer
.
santosh durgapu
CA Final
★ 2K+
2
89
Promissory note
Corporate & Other Laws
answered on 06-Sep-25 13:38
Is this promissory note valid I XYZ promise to a sum of ₹XXXX to _____ on XX/XX/XXXX [Video Time Stamp: 12:18]
latest answer
The name of receiver is blank. Its a bearer instrument. which is not allowed to issue (except RBI). Hence not valid
Gurukanta Singh
CA Foundation
★ 19K+
1
155
Illstration 14 - Scenario 2 when project is undertaken
AFM
answered on 05-Sep-25 06:27
In Scenario 2, the question states that the project’s results will start from the 4th year, with a dividend of ₹2.5 per share, growing thereafter at 7% p.a. My doubt is: since the dividend for Year 4 is already given (₹2.5), the perpetual growth should technically begin from Year 5 onwards. If that is the case, shouldn’t we compute the price at the end of Year 4 (based on Year 5 dividend) rather than at the end of Year 3? Could you please clarify why the solution computes the price at the end of Year 3? [Video Time Stamp: 04:06]
latest answer
Even if you compute a price at end of year 4 and discount it to P0 you will get same value. Pls try and see. Aso share your working if you do not get it
Seema Jain
CA Final
★ 3K+
1
99
Difference in Investment Amount
AFM
answered on 05-Sep-25 06:43
Sir this is a question 10 from May 25 RTP while calculating the present value of investment I got a difference of Rs.209 for bond X and Rs.139 for Bond Y with ICAI Answer. Are my workings wrong.?I attached my workings. However the required no.of bonds answer is the same as with ICAI. Will there be any marks deduction for this sir.? i.e for the difference amount.
latest answer
Okay Sir. Thank you.
K Vamshi
CA Final
★ 14K+
2
96
Risk free rate
AFM
answered on 05-Sep-25 06:21
In Illustration 20, Since the market price of the bond was higher than its face value. the current yield was calculated to determine the current market coupon rate, which was then taken as the risk-free rate, However, in the present illustration, the market price of the bond is also higher than its face value, but instead of calculating the current yield, the expected return of the bond is directly considered as the risk-free rate. Why is there a difference in treatment between these two cases? [Video Time Stamp: 08:00]
latest answer
In ill 26 we have more information and hence used it. We did not have cost details in Ill 20
Shinisha Rose R
CA Final
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1
91
SQC 1 and SA 220
Auditing
answered on 05-Sep-25 10:18
SA 220 is applicable for this case study but in the answer, they have given reference to SQC-1 Why? Also, this is audit engagement, so SA 220 will only be applicable as per my understanding. Can you please clarify
latest answer
SQC is applicable to all engagements including audit and non audit services. This is firm decision about accepting an audit. It’s at firm level. So SQC 1 is applicable. After acceptance, SA 220 comes into picture
Shankari C
CA Inter
★ 3K+
1
97
Is ICAI solution regarding Ind As 21 and 109 wrong?
Accountancy
answered on 04-Sep-25 13:49
Since the rate Implicit in the loan is different than the rate of Interest of loan, shouldn't this be recorded at Fair Value as per Ind As 109 and not Transaction Price? Even the amortization table won't match at the end in this solution of ICAI.
latest answer
https://www.youtube.com/live/8C4oB8jbURA?si=Owvz32uJ8baOci5_
OM Lunkad
CA Final
★ 0
2
109