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Q22-ICAI module-ITC

Indirect Taxation

answered on 17-Jun-25 17:58

Sir, Could you please solve Q22 of icai module of itc chapter, it has lots of adjustments

latest answer

Sure. Will do that.

Hrishikesh Pradhan

Hrishikesh Pradhan

CA Final

18K+

1

159

Total Mistake

Financial Reporting

answered on 16-Jun-25 11:10

The Total of NRV 1900+5100+4450+2990=14440 In this video it is mentioned as 14,540. [Video Time Stamp: 08:08]

latest answer

Thanks for highlighting. We will correct it..

Selva Priya

Selva Priya

CA Final

4K+

1

151

Credit on personal use

Indirect Taxation

answered on 17-Jun-25 19:21

Sir, This is question 18 from module, the solution don't have 5% calculated for items on personal use, why ?

latest answer

Okk sir

Hrishikesh Pradhan

Hrishikesh Pradhan

CA Final

18K+

2

188

Interest rate risk management

AFM

answered on 16-Jun-25 08:15

Sir in this illustration no.22 there is gain only as what they wants is swap only and cost is less than the other alternative in which they are paying rates which are actually there.

latest answer

Ok sir thanks my mistake

Akshat Sharma

Akshat Sharma

CA Final

510

2

167

Question 2

Auditing

answered on 19-Jun-25 18:29

Here in the case CA Keshav if aggrees to Pay Rs.100000 every month till the loan is repaid ? Then it comes under usual Transaction. Am I right Mam ?

latest answer

If 100000 is an instalment towards repayment of amount.

Harini Desu

Harini Desu

CA Final

2K+

1

174

Adjustment logic

AFM

answered on 15-Jun-25 10:10

Sir, Could u please explain the logic why the income distributed is added as an adjustment in the return formula, for mutual fund, this is an outgoing fund right

latest answer

Return

Abhinav K A

Abhinav K A

CA Final

2K+

1

180

Specific offer (Case law Boulton Vs Jones)

Corporate & Other Laws

answered on 15-Jun-25 13:32

If Mr Jones was aware of the fact that the ownership had been transferred to Boulton and still accepted the goods sent by Boulton, would he be liable to pay or not?

latest answer

Yes, he is liable to pay Boulton if he knowingly accepted the goods after learning of the ownership transfer.

Albert P

Albert P

CA Foundation

840

1

472

Sunday as well as holiday.. So it should be 1000*2*Days ?!

Costing

answered on 17-Jun-25 15:05

here in this question he said double of per day basic rate ...and he is working for two days ryt Sunday as well as holiday.. So it should be 1000*2*2days ryt!?

latest answer

yes

Badal Kumar

Badal Kumar

CA Inter

0

1

151

Consolidation

Accountancy

answered on 16-Jun-25 11:34

Normally, while calculating the Consolidated P&L balance, we include: Holding company's own P&L balance, and Holding company’s share of post-acquisition P&L of the subsidiary But in illustration 9, Holding company’s share of post-acquisition reserves of the subsidiary ------ is also included. why?

latest answer

Thank you so much sir

Girinath A

Girinath A

CA Inter

765

2

236

Clarification on Adjusting Dividend Yield for Futures Pricing

AFM

answered on 13-Jun-25 21:22

"Sir, kindly a doubt — in the futures price, why we took full 4.8% p.a. dividend, when duration is only 6 months and only 50% of stocks pay dividend? Shouldn’t we take 1.2% (half year and 50%) as effective yield?" [Video Time Stamp: 04:24]

latest answer

4.8% p.a is dividend it can be paid any time, Some will pay in jan and some in June The Q says 50% of these stocks pay dividend Nowhere it says 50% of stick will pay half dividend in next 6 month. It only says of teh total dividend payable 50% of stocks will do so in next 6 months

Athmaja S

Athmaja S

CMA Final

230

1

170