the appraoch of the paper was too practical .... paper was easy n manageble to cover in 3 hours with good presentation,,,,,,
Sanjay Inani
(CA FINAL)
(132 Points)
Replied 07 May 2012
the appraoch of the paper was too practical .... paper was easy n manageble to cover in 3 hours with good presentation,,,,,,
CA Nidhi Goel
(Student)
(177 Points)
Replied 08 May 2012
bt last tym to usi din answers upload ho gye the.....
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 08 May 2012
Question 3B says T "LTD" didnot report in 3CD..
doesnt it bear a conceptual error...??
how can T LTD prepare form 3cd? it is prepareed by the auditor.
I had written that T LTD was a mistake in question paper while it shall be T "and Co." ( assumed) and then gave my answer as that it has to report in 3cd at any cost since 3cd states a true and CORRECT view..
Is my view correct...?? the question reconstructed was clearly shown at the beginning of the answer.
Sanjay Inani
(CA FINAL)
(132 Points)
Replied 08 May 2012
@ KARAN TELI no question arises on the name of the compant being T Ltd. the question was right
as the question stated that you have to comment on the step/aacct taken by the company and it is also the duty of the company to state the fact in the 3CD and as being auditor t was auditors duty to see that the company had stated the relevant facts in the Form 3 CD and have to comment accordingly..
Sanjay Inani
(CA FINAL)
(132 Points)
Replied 08 May 2012
@ Nidhi Goel : audit k answer k jarurat b nai h ...as the paper was so practical... but the one thing Institute had not mentioned th e SA to be presented and written upon but the each answer contain the hiden SA's..and AS too.
CA Nidhi Goel
(Student)
(177 Points)
Replied 08 May 2012
CA Bhargav
(Chartered Accountant)
(698 Points)
Replied 08 May 2012
CA Nidhi Goel
(Student)
(177 Points)
Replied 08 May 2012
here it is @ bhargav
Gajendra choudhary
(article & CA finalist)
(47 Points)
Replied 08 May 2012
Best of luck for next exam.
GOKUL
Siddharth Kadakia
(Academics)
(336 Points)
Replied 10 May 2012
SFM MAY 12 - SUGGESTED ANSWERS BY PROF. ARCHAN KHETAN
Pankaj Saraogi
(Faculty - Tax Laws)
(611 Points)
Replied 10 May 2012
Solutions - IPCC Tax paper May 2012......for detailed solutions, visit www.saraogi.co.in (downloads section)
|
Q. No. |
|
Answer |
|
1(a) |
|
Total income = 9,83,820, Tax = 1,50,530 |
|
1(b) |
|
Tax payable = 88,065 |
|
1(c) |
|
Net VAT payable = 80,000 |
|
2(a) |
(i) |
Yes he is reuired to file ROI |
|
|
(ii) |
15,000 |
|
2(b) |
|
Value of taxable services = 8,45,330, Tax = 87,069 |
|
3(a) |
|
24,531 |
|
3(b) |
|
False, False, False, False, False, True, False, False |
|
3(c) |
|
False, False, False, True, False, False, False, True |
|
4(a) |
|
Total income = 10,64,000 |
|
4(b) |
|
Service tax = 91,052 |
|
4(c) |
|
Tax payable = 5,15,350 |
|
5(a) |
|
Mr. A = 2,60,500, Mrs. A = 2,40,000, Minor child = 20,000 |
|
6(a) |
|
20 lacs |
|
6(b) |
|
6,25,567 |
|
6(c) |
|
10,488 |
|
7(a) |
|
2,65,300 |
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 10 May 2012
@ Sanjay -
First tell me a basic question that " Is a company requrired to prepare form 3CD...??"
Its not a company who prepares it but its the auditors who reports it after properly examing the records and states that it is true and CORRECT..
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