🪤 CA Final Trap · AFM · Forward premium

Spot rate: ₹80.00/$. 3-month forward: ₹82.00/$.

A student says, "The dollar is at a 10% premium, so the rupee is at a 10% discount."

📌 CA Final · Rule: forward premium/discount (Study Material, AFM Ch. 10)

🪤 CA Final Trap · Audit · Auditor's eligibility

CA Nidhi is proposed as statutory auditor of Kaveri Cements Ltd. Her brother holds Kaveri Cements shares with a face value of ₹80,000 and a market value of ₹6,40,000.

📌 CA Final level · Rule: Section 141(3) read with Rule 10 (Study Material, Audit)

A quick reckoner on TDS thresholds:
https://youtube.com/shorts/BXHEt9hpwzc?feature=share

🪤 CA Final Trap · IDT · ITC vs depreciation

Brahmani Steels, Rourkela, buys a machine for ₹50 lakh plus GST of ₹9 lakh. In its income-tax depreciation schedule, it capitalises the full ₹59 lakh and claims depreciation on it. It now wants to take the ₹9 lakh as ITC.

🧠 CA Final MCQ · FR · Ind AS 16 major inspection

On 1 April 2023, Konkan Airways Ltd. bought an aircraft for ₹500 crore. Of this, ₹20 crore was identified as the cost of the next major inspection, due in 4 years; the balance of ₹480 crore is depreciated over 20 years. A new regulation forced the inspection to be carried out early, on 1 April 2025, at a cost of ₹30 crore. The next inspection is due 4 years later.

🧠 CA Final MCQ · AFM · Options strategy

Deccan Motors' shares trade at ₹1,000. Expecting a big move but unsure of its direction, Mr. Harish buys a 3-month call with a strike of ₹1,050 at a premium of ₹28, and a 3-month put with a strike of ₹950 at a premium of ₹22. The lot size is 500 shares.

🧠 CA Final MCQ · Audit · Services an auditor can't render

M/s Pillai & Co. are the statutory auditors of Malabar Spices Ltd., a listed company. The management asks the firm to take on four more assignments for the company, all with the audit committee's approval:

🧠 CA Final MCQ · DT · Section 54

On 10 June 2025, Mrs. Lalitha of Mysuru sells a residential house she has held for 9 years. Her long-term capital gain is ₹1.80 crore. She buys two residential flats: one in Chennai for ₹95 lakh (August 2025) and one in Mysuru for ₹70 lakh (December 2025). She has never claimed the two-house option before.

❗️Students preparing for FR: Make sure you read and practise these three important topics. We highly anticipate these topics will appear in FR based on Previous Paper and MTP & RTP Analysis

https://youtube.com/shorts/Uq0gj1p_EZA?feature=share

🧠 CA Final MCQ · IDT · Place of supply of goods

Saurashtra Machines, registered in Rajkot (Gujarat), contracts with Coastal Beverages Ltd., registered in Bengaluru (Karnataka), to supply a bottling line and install it at Coastal's plant in Hosur (Tamil Nadu).