Forums
Fema
Corporate & Other Laws
answered on 14-Jul-26 13:08
If It is schedule 3 below 250000$ no permission required or If It is schedule 2 100000$ above so hrd permission required I think schedule 2 is incorrect because it is sponsorship or prize money only here it is money spending for organising an cricket event ?not for sponsorship or prizemoney ? What ur answer if it is a football match ?
latest answer
Rohan Sharma Cricket Academy can draw the foreign exchange of USD 200,000, but only after obtaining prior approval of the Central Government — specifically, the Ministry of Youth Affairs and Sports — as required under Schedule II of the FEMA (Current Account Transactions) Rules, 2000. Without such approval, the remittance cannot be made. This conclusion would remain the same even if it were a football match instead of cricket — Schedule II refers to "sports activity" generically, so the same threshold and approval requirement apply.
Sri ram Pothineni
CA Inter
★ 11K+
1
191
Stores and spares
Costing
answered on 11-Jul-26 15:35
why is stores and spares considered to works OH? why not direct exp?? [Video Time Stamp: 19:15]
latest answer
Stores and spares are generally treated as Factory Overheads (Works Overheads) because they support the production process as a whole rather than being directly traceable to a specific unit of output.
Rithu V
CA Inter
★ 7K+
1
91
IND AS 16
Financial Reporting
answered on 13-Jul-26 16:59
Required ment 1 cost of plant and how to calculate major components treatment
latest answer
FV of old plant + cash paid.
Rana Darshan
CA Final
★ 810
3
72
Illustration # 76
AFM
answered on 11-Jul-26 20:55
Sir, in this question the forward discount is 1.037%, whereas the interest rate differential is only 0.4854% (1.035/1.03 − 1). Based on this, I thought it would be better to borrow USD from the market, since the interest cost appears lower, and then invest or convert it into GBP. However, in the solution we are borrowing GBP instead. Why are we borrowing GBP in this question? Is my understanding correct? If not, could you please explain the logic behind borrowing GBP instead of USD?
latest answer
Got it, sir. Thank you
Vaikundaraja A
CA Final
★ 18K+
2
71
IND AS 24
Financial Reporting
answered on 13-Jul-26 16:58
Requiredment 3 how to disclosure
latest answer
MNO Ltd. needs to disclose the following: (i) Sale of Goods: The total amount of sales made after they became related parties (Amount: Rs. 1,08,00,000). (ii) Outstanding Trade Receivables: The exact amount RST Ltd. still owes MNO Ltd. at the end of the year (Amount: Rs. 30,00,000). (iii) ECL Allowance: The provision created for potential bad debts specifically regarding RST Ltd.'s balance (Amount: Rs. 90,000). (iv) Pricing and Credit Terms: The special treatment RST Ltd. received because they are related—specifically, the 12% discount and the extended 150-day credit period.
Rana Darshan
CA Final
★ 810
3
82
Related Entity - Condition 6 and 7
Financial Reporting
answered on 17-Jul-26 12:10
Hi sir, in conditions 6 and 7, does the person who is the related party includes the close member of such a person? i.e. if I am having control of X Ltd, then my brother is also a related person. Then would an entity in which my brother has significant influence (say AB Ltd), be related entity for X Ltd? [Video Time Stamp: 00:42]
latest answer
Yes.
Vishnu Muraleedharan
CA Final
★ 32K+
1
100
Exam Form CA Final
Others
answered on 13-Jul-26 16:59
Sir. I made exemption permenant. When I fill the exam form Do you have valid exemption yes or no question when I fill yes i cannot select may 2025 as the clicking button will not work. If I select No then only I can fill the form. Please reply In exam if I am not writing the permenant exemption paper will it considered as absent or whether it automatically reflect in admit card or whether it will come 50 marks in Result
latest answer
You need to select No. Since its not a normal exemption but permanent exemption
Sobha Geevarghese
CA Inter
★ 0
1
150
Ind As 40 investment property
Accountancy
answered on 10-Jul-26 20:16
Ans of the requirement 2 and 3
latest answer
This is not ICAI standard question
Rana Darshan
CA Final
★ 810
2
108
Doubt
AFM
answered on 10-Jul-26 17:04
In wordings we are taking required rate of return as ke sometimes and the same is used as ROE.please tell us where to use both. [Video Time Stamp: 00:01]
latest answer
When they talk abt investor expected return or return of equity holder it is Ke when they specifically use ROE you have to consider it as ROE
pavan kumar
CA Final
★ 4K+
1
62
Doubt
AFM
answered on 10-Jul-26 17:12
Here they mentioned the dividend is 20%. Actually we are taking dividends based on earnings available to equity.which one should be considered.please tell me the situation where we use d/p ratio and percentage of face value.
latest answer
Yes
pavan kumar
CA Final
★ 4K+
3
80