CA DT paper

Paper was conceptual not from practice mannual

Q1a is on amt newly framed based on providing exemtion of 10 A will not be added back for determining adjusted total income. Land is not eligible for 35 AD

Really paper was tuff....my attempt surely in may 2016..for second group....by d way..suggest me which material useful for ..d.t.??

Question 1b is also easy only language twist being a newly formed question no liability arising in the hand of company only long term capital gains arise in the hand of share holder as usual calculation of Lt tax can be shaved by the share holder by investing in 54ec bond and residencial house

In transfer prise no any deduction or exemtion allowed from enhenced pofit other part is easy CUP method applicable

shareholder cant invest its kind of deemed trf and nt d actual one..

how many of u provided depreciation while calculating adjusted total income for AMT in case of 35AD... i didnt.. actully forgot

Payment to Mr Raja is allowed being payment for agricultural product directly but pament to middileman no allowed being cash payment more than 20000 thousand Contribution more than 10 percent not allowed under section 80Ccd Transportation expenses allowed no TDs req Profit on sale of land not taxable being 100% subsidiary co Compensation due to to interim order not taxable it is taxable only on final order Other points are simple in question no 2 In question no 3 DRP will send the draft order to AO in case of foreign co Charitable trust claiming exemption is no entitled for deduction under section 10 Penalty For not maintain records specified in section 92 Proceedings can be initiated under section 263 if material detrimental to revenue on records. Assessment under section 143 or 147 not make any difference Over all paper is conceptual I could not say easy because not from practice mannual as usual

No capital gain in hand of NK at the time of receiving share but when he sold transfer arise and cost will be 6 lacs

Remaining tomorrow

Indexedtayion allowed for mr. Nk?? And suresh no exemption except 10(1) and 10(23c)

Badiya papet hard he bane chayer bahut ca ho gaue haiarket mai..naukri ni hai kiya karoge banke

What are the conditions for demerger

indexetion allowed.. cost 150000

transport exp wthout deducting tds disallowd..