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Mutual Funds illustration -14 ( AFM compiler )
AFM
answered on 13-Mar-24 19:28
Sir , Here for short term gain calculation we need to deduct cost know sir from matured Value . But you have deducted Reinvested net annual value . It means we are Evading tax on dividends know ?
latest answer
In this question as per prevailing IT act LT is units held for greater than 1 year which are exempt from tax. ST is applicble on dividend received in last 1 year re invested in units. hence tax is computed only on those units
M Naresh
CA Final
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1
349
Some chapters missing
Auditing
answered on 12-Mar-24 18:42
1) Special features of audit of different entities 2) Audit of banks 3) Ethics These chapters classes are not yet uploaded
latest answer
These will be uploaded in the next two weeks
Akshaya Devaraj
CA Final
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1
183
Financial Instruments
Financial Reporting
answered on 13-Mar-24 14:37
In Financial Instruments there is topic Derivatives and Embeded Derivatives as of now i didn't completed AFM Derivatives chapter can i listen that topic now or listen after AFM
latest answer
Yes you can start.
Surya Prakash
CA Final
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4
330
IRR
Financial Management
answered on 15-Mar-24 14:50
IRR for project B I taken 30% For me IRR 22.637 % In our video sir u taken 25% IRR was 21.2148% sir I can't understand this
latest answer
Okay sir
Eswar Aakash
CMA Final
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2
169
Non Cash Assets
Financial Reporting
answered on 13-Mar-24 05:14
If IND AS-10 Applicable in non Cash dividend? Then it is Adjusted or Non Adjusted Event?
latest answer
Bro if it was approved before reporting date then we account for . if After reporting date means we dont consider
Surya Prakash
CA Final
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1
296
Po
Financial Management
answered on 12-Mar-24 15:12
Chapter 4( topic cost of equity share capital)in this topic in divided price approach and earning price approach Po is issue price or market price . Means if in question issue price and Market price given then which one used as Po.
latest answer
Market Price
Jiya T
CA Inter
★ 10
1
330
Capital gain
Direct Taxation
answered on 13-Mar-24 18:23
If house purchased in 31.3.2025 after transferring asset in 31.12.2023 then can claim exemption in A.Y 2024-25 or in A.Y 2025-26 ??
latest answer
AY 24-25 since the PY is 23-24 for sale of asset.
Devisree
CMA Final
★ 0
2
295
Form 112 for articleship
Exams
answered on 15-Mar-24 18:06
I have completed my cma practical training before starting my ca articleship ,I want to write dec 24 cma final, should I disclose the facts about cma in my ca articleship form 112
latest answer
Yes. If and only, u have got permission from your principal to prepare for CMA as well.
mani charan
CA Final
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1
430
Investment valuations as per IND AS
Financial Reporting
answered on 13-Mar-24 09:06
From 1st April 2023 the Ind AS applicability for mutual funds came into force so for the mutual fund companies. Usually mutual fund companies value their investments at a fair value but as per Ind AS 40 investment properties cannot be valued using a revaluation model. So it is contradicting with each other so is there anything else I am missing here ?
latest answer
Hey Chirag, My bad! missed this basic note. Thanks Mate!!😁
Chandu vadla
CA Final
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2
356
Sec-47
Direct Taxation
answered on 18-Mar-24 18:46
Under the section 47 transfer of work is art, scientific archaeological, manuscripts, Books to govt, University, national museum is not considered as transfer Even if it transfer for consideration to govt is it exempted?
latest answer
Yes right.
Surya Prakash
CA Final
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1
335