ca final new solutions

howz u r accounts papers and what answer u guys think

start with last indirct tax :-

i dnt know its what i m telling is right its what i fell :- indirect tax ca final new

qus:-1.a.1.  assessable value :- 100

1.a.2.    assessable value:-107.69

1.a.3     assesable value :-  92.3

1.b.      5555*45.5=252752.5

1.c.  rs.9000

question . 2  .a.     department is not correct

q.2.b.    yes coconut oil pack in large pack is treated as edilble oil

q.2.c.   value of machine  1600000

      9 quaters

     9 for 50 %

     6 for 50%

q.2.d.  assable valuse is 5000*30= 150000

q.3.a.  yes its available

q.3.b.   no unit is not eligible

   850-100-75-125=550  more than 400 so not eligible

q.3.c. all the forms and sealed letter issued at the time of export

q.3.d.   yes its can be reduce to 25 %  if deposited tax , intrest and penalty within 30 days

if any one dnt agree plz tell me

Originally posted by : ramsinghania
	start with last indirct tax :- i dnt know its what i m telling is right its what i fell :- indirect tax ca final new qus:-1.a.1.  assessable value :- 100 1.a.2.    assessable value:-107.69 1.a.3     assesable value :-  92.3 1.b.      5555*45.5=252752.5 1.c.  rs.9000

i hv doubt on 1 b.. how you calculated 5555

Originally posted by : ramsinghania
	question . 2  .a.     department is not correct q.2.b.    yes coconut oil pack in large pack is treated as edilble oil q.2.c.   value of machine  1600000       9 quaters      9 for 50 %      6 for 50% q.2.d.  assable valuse is 5000*30= 150000

 Q2 d

it will be 30-30% = 21

No. of pieces 5000

AV = 105000

this is what i done

yes u r right on 2 d sorry for that i did the same

but i made a mistake in calulating 16 lks as value the same as given and then calculated the tax on it and rest i did the right ...do i think i get some mark for that

for  1. b.  its cif value  u need to deduct cost of transporting and insurance u get fob value

then calculate the tansporting cost add new transporting value then add insurance same as if not given we will take 1.125%   then u get cif price by adding the value

fob price + new transporting cost + insurance = cif then 1%  of landing charges is the value for custom purpose

whether any one have answers for Q7 of accounts paper final new 

q.7 of account :-

answers are ::-

a. its a put option , yes its a financial instument , accounting standard 30

b. no the treatment of company is not correct

as:-4 company should record the assest as sale on 30-9-2009 itself , as the possesion are even given so the assest is transfer , just a fomality of registration is not completed

d.  i had solved properly just refer valuation

intrest should be taken from 30-9-2008  to 30-12-2008   and the balance should be written off in profit and loss account

e. 625+125 

625*(0.8696+.7561+.6575+.5718)+125*.5718

should be bifurgated between intrest and assest .

please attached a solution of accounts paper Nov 2010