hello,
iknow that the difference of contract value are to be taken as the future and options turnover add the negatives difference also.

my query is:

1.what if the future contract is not expired or squared off on 31/3/2013. what should be done in such case.

2. in option the premium received is only considered for turnover. so what is the treatment of premium paid to buy a call.


i hope some can clear my query

thank you

I am CA Finalist student preparing for my coming exam and I am referring to SD Bala and Makkar sir notes. However there are not all questions answered in makkar sir notes. I searched for the answer in suggested and other books available. It would be very kind if you would help me. I have also written my answer but I don't think it is correct.
Question no. 71 Page G19 of Makkar An Indian Company obtains the following quotes ( Rs. / $) Spot 35.90 / 36.10 3 month forward 36.00 / 36.25 6 month forward 36.10 / 36.40 3 months interest rates - Rs - 12 % / $ - 6 % 6 months interest rates - Rs. 11.5 % . $ - 5.5 % Determine what should be 3-months interest rates after 3 months to make the compant indifferent between three-month borrowing and six-month borrowing in the case of (a) Rupee Borrowing (b) Dollor Borrowing
Answer:
Forward rate of 3 months - 36.10 x (1+0.12x3/12) / ( 1 + 0.06 x 3/12 ) = 36.64 To be indifferent , forward rate of 3 months and 6 months should be equal so 36.64 = 36.10 x (1 + Rs. interest rate /2 ) / (1 + 0.055 /2 ) Therefore, Rs. interest rate = 8.63 %

sir ,i have written ipcc exam in may 2013 but i havnt registered for ATC . will i be able to register for that now?

hi,
I have cleared my CPT exam in june 2013 attempt and i want join for IPCC so what's procedure for registration for may 2014 exam and when is the last date for registration

(Teacher) who's Income is below 10 lacs is require to maintain books of A/c

if i got debit note after 2 month of issuing date of debit note.

how should i take in account of sale.

b/c i have already file my cst rerurn before 22nd of next month.

kindly suggest to resolve.

I AM AN INDIAN CITIZEN. I AM WORKING IN LTD. COMPANY AND GET REMUNERATION. MY DESIGNATION IS DIRECTOR. IN THE SAME TIME I AM DIRECTOR IN THE NEPALI COMPANY FROM WHERE ALSO I GET REMUNERAION AFTER TDS DEDUCTION BY NEPALI AUTHORITY. I WANT TO KNOW MY NEPALI INCOME IS WHETHER TAXABLE IN INDIA AND HOW I CAN CLAIM THE CREDIT OF TDS AND UNDER WHICH SECTION.

Dear All,
i have completed the inaugural speech of unit 1 but still it is showing incomplete and i m not able to move to unit 2.please help.

what is 27a when to file 27a and how to file it online or physicaly

Sir,i want to transfer from present auditor.but it required identity card.i did not get identity card from icai.how to do transfer