Today's dt paper

Page no : 3

Navin Upadhyay (Article) (22 Points)
Replied 14 May 2016

specified business n 80 I deductions n rather Dan calculation 30%. Exempted 100% profit in deduction. :(
silly ones. Hoping for step marking

Vicky Shah (Student) (126 Points)
Replied 14 May 2016

I didn't took 35AD as business commenced on 1.4.09... I took additional dep on 50L @ 20 % and didn't gave 80I effect, I added provision for doubtful debts 20L ,

For AMT - sez profit , dep on revaluation , uti income , share of aop to be excluded..

For slump sale I considered revalued stock.

Atharva Joshi (pursuing) (119 Points)
Replied 14 May 2016

I didnt take addnl depreciation...i stated that it is inclusive..i tot the information of the asset given was for calculating 32AC...most ppr was ipcc based...the questions based on japan airlines n wizcraft ent were not case study ques as we nly had to give the section and the rate of tds...the core case laws were not from the case law book...the pgbp ques had a minimum of 4 icds pts...one subsidy...one provision (wages)...overvaluation based on inventories and one more

Kamlesh Kumar (Student CA Final ) (27 Points)
Replied 14 May 2016

No tds is required on agricultural land

1 Like

Atharva Joshi (pursuing) (119 Points)
Replied 14 May 2016

Also for MAT u should only subtract invst inc from UTI and share of AOP from income part

AakashKapadia (Chartered Accountant ) (123 Points)
Replied 14 May 2016

Logically the point in Additional information was only for the purpose of calculating addl depre!

How can you assume it to be for S. 32AC?

Labdhi (Article Assistant) (85 Points)
Replied 14 May 2016

Except 1st,2nd & 3rd question , all theory questions almost & of which 80% is case studies... so really unexpected paper...

Labdhi (Article Assistant) (85 Points)
Replied 15 May 2016

Except 1st,2nd & 3rd question , all theory questions almost & of which 80% is case studies... so really unexpected paper...

CA Raj Doshi (Practising CA) (8795 Points)
Replied 15 May 2016

Very very tough paper. Turning point for group 2.

Atharva Joshi (pursuing) (119 Points)
Replied 15 May 2016

I didnt assume...in the pressure of exam..i got confused and thought of limit as 25 lacs instead of crores

Karan Kothari (CA Job) (64 Points)
Replied 15 May 2016

would we get marks in mat if two adjustments are

Karan Kothari (CA Job) (64 Points)
Replied 15 May 2016

would we get marks in mat if two adjustments are wrong

CA Saurabh (PRACTICE) (1019 Points)
Replied 15 May 2016

at karan yes.. step wise marking is there..
mine was OK..
got all wrong in slump sale.. took land at 1200 instead of its book value.. so messed up.. deduct income from units and cap gains in mat problem..
btw in Q2 that concessional rate and next adj probable estimation wala adjustment.. was it from icds.. at least I have applied so..