Discuss and download May exams here !!

Page no : 6

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,,,,,,

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CA Nidhi Goel (Student) (177 Points)
Replied 08 May 2012

bt last tym to usi din answers upload ho gye the.....

Gajendra choudhary (article & CA finalist) (47 Points)
Replied 08 May 2012

i think it is manageable

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.

Kalpana (CA Final) (72 Points)
Replied 08 May 2012

Thamks for uploading paper

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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..

1 Like

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

@ sanjay.. that i know.. i just wants to know k mere answers sahi h ya nhi.. mene sahi as n sa quote kiy e h ya nhi... thats all....

CA Bhargav (Chartered Accountant) (698 Points)
Replied 08 May 2012

I am going to appear in this May 2012 for 2nd group. Please help me out. If any one has the Solved DT paper of November 2011 attempt then please share. I just need to know the proper presentation of DT paper, as I found that most of the marks have been deducted just because of poor presentation. Please share the solved paper if any one has .....

SHIJI SAM (MANAGER IN FINANCE & ACCOUNTS) (52 Points)
Replied 08 May 2012

I don't think so ?

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CA Nidhi Goel (Student) (177 Points)
Replied 08 May 2012

here it is @ bhargav

Attached File : 525266 976946 25485suggans finalnov11gp2 7.pdf downloaded: 262 times

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

/forum/sfm-may-12-suggested-answers-201468.asp

1 Like

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