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ca final new solutions

(Guest)

hey now the reevalutaion starts lets put it differently does u guys want to get along - post u r thought abt question ask and even the answers

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13 Replies

(Guest)

howz u r accounts papers and what answer u guys think

(Guest)

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

(Guest)

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

(Guest)

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

(Guest)

q.4.b. 1. not chargable

q.4.b.2. get refund

q.4.c. advance at the time of advance received and in the month of march when assess is unable to get the detail from all the branchs

q. 4. c 2. 5 years

q. 4 d. 150000*2/100*15/31=14516

(Guest)

if any one dnt agree plz tell me

CA Harish Suwalka (Chartered Accountant ( Bhilwara )) (4125 Points)
Replied 24 November 2010

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

CA Harish Suwalka (Chartered Accountant ( Bhilwara )) (4125 Points)
Replied 24 November 2010

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

(Guest)

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

jitu (Chartered Accoutnant) (32 Points)
Replied 27 November 2010

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

(Guest)

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 .