Discussion on dt

i answered spontaneously i have not gone through any book. that is my spontaneous answer

Right Now tell me if I recieve Enhanced compensation & Interest the what would be my calculation procedure & treatment for such compensation & Interest

Very happy to read that you are coming with spot answers, Hmmmm good compitition coming for me. Lets fight it

for enhanced compensation the cost of acquisition is nil and interest on enhanced compensation we wil take it as other incomes and charged fully

What happened Held up with this question ? then tell me I will answer it for you

No Mam Interest on enhanced compensation will be eligible for 50% deduction & only 50% to be taxed under Income from other sources. Check sec 57

i closed books so one new point is that interest on enchanced compensation is allowed for 50% deduction and rest of the 50% is taxable under income from other sources

Hmmm You can keep the book if you want but keeping books closed I think will make you happy when you read this same things tomoro & you will feel that you know some very fine points

ya thats what i am telling that i won't check now. what u say is right and a new point if i don't know

Mam What is 54ec. Mam i am surfing sections so you get switched to diff provisions at same time  else you sy i will stick to single topic. but switching to diff topics gives a better feel of confidence

Be sure I will not tell anything which is wrong or where I have my own doubts or diff or opinion on interpretations of the sections

i dont remember may be selling of AGRICULTURAL LAND

I hope you are really happy & find interesting discussing studies with a Robot ?( Me )

Y ROBOT ?  i am happy that i started my studies and confident of attempting in nov12

Hey 54 EC is the Investment scheme sec where investments to be made in RECL & NHAI bonds for the LTCG tax exemptions. Selling of agriculture land is 54B Mammmmm... What is this such simple thing & you forget it Hmmm..... not good mam not good