How was INCOME TAX today

Originally posted by : neha.
	4(a) (i) 194 -D 10% (ii) 194 - C 1% Assumed that the firm is subject to tax audit (iii)  TDS not Applicable. As it is only a cash discount (iv) 194- B 30% Circular: No. 264 [F. No. 275/58/79-IT(B)], dated 11-2-1980.

194 C its 2 % ... 1% is applicable to Individual or Huf others 2%

3(b)

hey, aayush..revised sol by ashfaq....
same as of ans givn by gunmaster

Particulars     Amount      Amount
Income from HP        
        
House 1     36,000.00     
House 2      (20,000.00)    
House 3     60,000.00      76,000.00
        
Income from Business        
        
Textile Business     200,000.00     
Automobile     (300,000.00)    
     (100,000.00)    
Speculation u/s 71     200,000.00      100,000.00
        
Capital Gains        
LTCG - Shares - Exempt 10(38)        
LTCG - Building     200,000.00     
STCL - Building     (100,000.00)     100,000.00
        
OS:        
        
Gift - Friend     60,000.00     
Gift -Grand Father's Brother     100,000.00      160,000.00
        
Total Income         436,000.00
 

Originally posted by : kritesh tiwari
	Originally posted by : neha. 4(a) (i) 194 -D 10% (ii) 194 - C 1% Assumed that the firm is subject to tax audit (iii)  TDS not Applicable. As it is only a cash discount (iv) 194- B 30% Circular: No. 264 [F. No. 275/58/79-IT(B)], dated 11-2-1980.   194 C its 2 % ... 1% is applicable to Individual or Huf others 2%

IT depends on the payee and not not the payer. As Mr.Ravi is an Individiual only 1% has to be deducted and not 2%

mera toh doobgaya... saarae answers wrong hai... muje hi kyun sab kuch wrong aaaya ? and what is the answer for 2nd quesn ?

Originally posted by : ashfaq
	Originally posted by : kritesh tiwari Originally posted by : neha. 4(a) (i) 194 -D 10% (ii) 194 - C 1% Assumed that the firm is subject to tax audit (iii)  TDS not Applicable. As it is only a cash discount (iv) 194- B 30% Circular: No. 264 [F. No. 275/58/79-IT(B)], dated 11-2-1980. 194 C its 2 % ... 1% is applicable to Individual or Huf others 2% IT depends on the payee and not not the payer. As Mr.Ravi is an Individiual only 1% has to be deducted and not 2%

ohhhhhh sh*t crap... here tooooooo i made mistake.......................     Now m gonna hit maself.....

pl 3(a) n 2nd ques ka ans bta do??????????????

@ kritesh don't worry yaar, tumne sahi kiya h... capital gain bhi nikalega bt ye nai pata ki capital gain kaise nikalega coz  no cost of acquisiton of plant Y is given...!!!

the acquisition cost of both da plant X n Y is given...??? not individually given..!!!

any body plz tell ki...ques 2 mein partial integration lagega kyaa...maine nahi lagaya...as non agricultural taxable income was less than exemption limit...n poultry farming agricultural income haina..??

I have to blame myself for the mistakes i've done...!! 

 yr 2nd "huf" wale ques mai to baj gayi yaar...!!! mistakes which i hav done r as follows-

1.sabse pahle to slab rate 240000 wali laga di...

2. phir poultry income ko buisness income mai nai liyaa...

3. story doesn't end here, at last equity shares income mai stt add karna tha aur last mai less karna tha jo maine nai kiya...!!

boss 20 mai se 7 mrks bhi de de to shukar hoga...!!!

any ipcc here....

i have some doubts guys....

koi advance tax ki installment batayega....!!

for individual, will it start frm (15% of tax liability) or frm

 (30% of tax liability)..????

@ aravind tum to ques bolo yahan ans dene wale khoob mil jayenge....

even pcc wale ipcc ka paper dekhe bina hi comment karna strt kar denge...!!!