DT Paper

q.6.b..   yes  for  both  racetify  an  ao  with  conditions 

and  sp  court  jusdment  yes  warrant  rectification 

c.   ao  is  write  194 a   to disallow   all the  intrest  credited  over 10000

as  time  deposit  account  never  ask for the  payment  only  credit  to account is  possible and  tds  should be  deducted 

q.7.a.  already  ansered  

b.  cross  transactions  ...so  clubbing  u/s  64  with  mayur and  his  brother of  rs. 5 lks is  required  as  if they  them selves  paid  to  minor  son and wife 

c.  1.   aduit  required  , return  required  and  date is  30  sept  2011  with any extention  provided  by  dept  if  any 

2.  no  return  required 

3.  no  return  required  u/s  sec  10 (23 c)

Raam

I differ in my view on 6.C the assessing officer is not correct. Please refer Circular 3/2010 dt 2.3.2010. It was indicated in the question that the interest credit was for macro monitoring only .., therefore tax is to be deducted only on accrual of interest !!

hey  on that  i might be  wrong  but  as  i read  the  sec  194  a  any  intrest  credited  above  10000  to  the  time  depostite  account  the  tds  should  be deducted  

and  as  question  goes  ao  disallow  the  entire intrest  where  interest  due  ton  t.d c.  limit  rs. 10000  an d also  levied  penalty  bank  had  not  deducted  any  tax  in respect  of  deposits  exceeds  the  limits  of  rs. 10000

A good paper , but required thourogh knowledge

hey can anyone give ans of  7A & 7C

Paper was easy..its from last year amendment, last RTP ,circulars from CBDT and question is from practice manual also ........so i feel its easy paper n hope to score well.......................

anyone can plz tel me about amalgamation answer, was it capital asset n den stock in trade

yes sri.. is right it is from CBDT circular for SBI

i already writen  yaar 

its  should be  taken  as  the  cost  for  the  previous  company 

can any one plz upload the paper

Q 1c valuation office has the power of the court i.e to enforce attandance and examin on oath section 37

he cant  do so ...he  is  not  having  a  power  plz  justfy  u r  answer 

7 a & 7c answers