CA DT paper

Page no : 2

suresh Agarwal (CA) (34 Points)
Replied 15 November 2015

Paper was conceptual not from practice mannual

suresh Agarwal (CA) (34 Points)
Replied 15 November 2015

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

vishal rana (20 Points)
Replied 15 November 2015

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

suresh Agarwal (CA) (34 Points)
Replied 15 November 2015

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

suresh Agarwal (CA) (34 Points)
Replied 15 November 2015

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

CA Saurabh (PRACTICE) (1019 Points)
Replied 15 November 2015

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

CA Saurabh (PRACTICE) (1019 Points)
Replied 15 November 2015

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

suresh Agarwal (CA) (34 Points)
Replied 15 November 2015

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