How was INCOME TAX today

Originally posted by : chetan jain
	kuch bhi kaho tax paper was nt dat much easy as i was thinking after discussing wid u ppl...!!!

very much agreed

that was damm tricky and most amazing thing is no direct question relating to five heads

this has been trend in '''''''''''''pcc may 2010'''''''''  and might be known for most unexpected papers.

IPCC easy paper

yar can anyone upload the paper of income tax IPCC ??????

Originally posted by : GuNmAsTeR-G9!
	Originally posted by : abdul haseeb gunmaster everything is correct.. except for the advance income tax instalments.... ltcg is on 20-12-09.... it has a separate provision mujhe aata nai tha .. maine to aise hi try kiya :P   contribution to notified pension fund setup by mutual fund is allowed u/s 80C

But LIC is not a mutual fund company. 80- ccc is not available to HUF

It was easy bt rquir strng conceptual base instead of ratana

Today's paper demanded indepth knowledge...

yaa.... whas de ans of depn sum.3(b)..and ans of 3(a). .??

hey divya..ppl have posted the answers...go thru the posts on this thread..u'l get it..

Originally posted by : chetan jain
	@ prachi if u haven't taken poultry income as business income den ur income will not xceed rs240000 n den also dere is no need 4 integration of agricultural income....!!!

yes...bilkul...aisa hi hua...i dint take it as non agri income n income wasn't exceeding rs 240000 n maine aply nahi kiya...!! well...i dont know hua kya tha....maine 160000 lekar solve kiya n then fir pura ques kaat diya...uff...!! 

^ awww...

Is it possible to set off loss incurred from self occupied HP against income from let out property??

Originally posted by : Divya
	yaa.... whas de ans of depn sum.3(b)..and ans of 3(a). .??

answer of 3(b) = Short Term Capital Gain = 67175

Originally posted by : Rashid VA
	Is it possible to set off loss incurred from self occupied HP against income from let out property??

yes .. loss of one head can be set-off against income of same head 

paper is easy...not so tough to handle...but could not write due to lack of preparation...