118 Total Income Adjustments | 14 Marks | CA Final DT | Nov 2026 | By CA Aarish Khan

Page 1 1. 00:45 – Creditors waiving off amount on Settlement 2. 00:55 – Employer Contribution to PF etc 3. 00:55 – Employees Contribution to PF etc 4. 01:23 – Check all payments TDS implications 5. 02:14 – Provision for fair estimate of wages 6. 02:24 – Check if loan taken for fixed asset not put to use 7. 03:10 – Check implication of Sec 80JJAA 8. 04:41 – One time license fees paid/know how etc purchased 9. 05:03 – Cash paid to Road Transporter up to Rs.35,000 10. 05:13 – Municipal Tax paid on HP Let Out 11. 05:43 – Donation to Scientific Research Association 12. 06:20 – If Old FA discarded but money is not payable 13. 06:35 – Conversion of Firm etc into Company 14. 07:31 – Capital Expense done on landlord premises 15. 08:09 – Non Compete Fees paid Page 2 19. 08:34 – FMV of 31.01.2018 is given in question 20. 09:20 – Dividend Received from Domestic or Foreign Company 22. 10:07 – Profit on sale of asset to 100% Indian Subsidiary 25. 11:43 – Co. sold Rs 22 lacs goods. Then write off Rs. 12 lacs as Bad debts 27-28. 13:14 – O/s Interest converted into New Loan or Equity Shares 31. 14:10 – Exp on foreign travel of directors for opening new branch 33. 14:47 – ER contribution to Approved Pension Fund Page 3 36. 15:21 – Loss due to hedging contract against future price fluctuation 41-42. 16:47 – Opening Stock & Closing Stock overvalued or undervalued 45. 17:39 – If TDS not deducted or paid by Assessee but tax is paid by payee 46. 18:14 – If Assessee has received loan from a closely held company 47. 18:43 – If a motor vehicle is purchased & put to use between 23/08/2019 to 31/03/2020 52. 20:18 – Payment of Retirement benefits to employee in cash 56. 21:27 – Amt paid for inauguration of new branch 57-58. 21:46 – Compensatory Penalty & Penal Penalty 63. 22:28 – GST Interest 65. 23:06 – Loss on destruction of P&M Page 4 67. 24:10 – If TDS not deducted or paid in Last Year but deducted & paid in CY 71. 25:38 – Expense on Issue of Bonus Shares 73. 25:56 – Freebees to Medical practitioners by Pharma Co 76-77. 26:33 – Brokerage paid by Trader in securities & commodities 79. 27:32 – Industrial tariff concession received from Govt 81. 28:19 – GST Refunded by GST Dept but not paid to customer back 87-88. 30:29 – Retrenchment Compensation paid (Unit closed vs Company closed) 91. 31:36 – M-M Loss in respect of Unsettled derivative 93. 32:09 – Interest received on margin money deposited with bank 95. 33:12 – In case of Construction Company (Retention Money) 98. 34:33 – Payment to Road Transporter who does not have more than 10 trucks Page 5 104. 36:18 – Check MSME Implication for Micro & Small Enterprise 116. 42:12 – In case of Domestic Co: Normal, 115BAA & 115BAB tax rates 🎉 Welcome to CA Aarish Khan’s Official YouTube Channel ! Dive into the world of Direct Tax (DT) with expert-guided lectures, revision strategies, and the latest exam-oriented updates — designed to help you score big with clarity and confidence. --- 🔔 Subscribe & Stay Updated Hit the Subscribe button and tap the Notification Bell to never miss: 📘 Direct Tax Revision Marathons 💡 Income Tax Updates 📚 Quick Revision Techniques 🎓 Practical Tips for DT Appeals 📝 Exam-oriented strategies simplified for you --- 🌐 Join Our Learning Community Stay connected and get access to doubts, updates, notes, and professional guidance: 🌐 Official Website: 📌 Telegram Doubt-Solving Group: 📌 Telegram Updates & Notes Channel: 📌 Instagram (Reels, Updates & Clips): 📌 Twitter (X) – ICAI Q&A & Updates: 📌 LinkedIn – Professional Insights: --- 🚀 Why This Channel? Your one-stop destination for mastering Direct Tax with ease. Learn smarter, revise faster, and stay ahead with structured, exam-oriented content designed for CA aspirants at all levels. ---