In CA Final SFM, international finance, if the spot rate is given as euro 1.196-1.197/ sterling and 6month forward premium is shown as .60-.55cents, is the amount supposed to be added to arrive at the forward rate or as the premium is shown in descending order, the premium amount be deducted from the spot rate to arrive at the forward rate? please help
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Doubt sfm
Replies (8)
In such a case deduct the forward premium to arrive at forward rate.
If Premium amount is in ascending order then add
if it is decesending order then reduce
in your case deduct the premium
the amount is shown as an addition in the pm. hence the doubt. thank you
pm may be wrong. there is a notification in the icai site regarding changes/corrections in the old pm, if you are following that.
not a notification, it is the introductory part of the new sfm pm, available in bos section
sure. i wil lcheck. thank you
how can save my tax..my total salary is rs760000 nd tds is 70000 I don't have any investment except 150000 80c please advise
can claim hra, tuition, exam fees if any...
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