cn we have the today's tax paper in files section
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How was the Tax paper???
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cn we have the today's tax paper in files section
safety salary nahi hai woh, dat must be staff salary!
capital gain problem seemed confusing! 50,00,000 cost and 35,00,000 sale?????
yeah.... even i think it must be staff salary........... never heard of this term before....
it is safet salary, its not mistake........... i have read it in some past exam paper............... m sure its safety salary.
nthin called as sfety salary
was there any trick in Q 7b service tax?? it looked tooo simple to be true....
Safety salary is an allowable deduction.
well paper was kinda mix some questions were vey easy and some were a bit tricky.there was also some mistake if im not in wrong in that cap gains question.man i think ill clear ist grp i hope i get 40 in this paper then ill clear both
d paper was good.....some of the theory ws unexpectd though....dat regular assessmnt nd all...
dint knw safety salary was to be disallowed :( dat quesn we had2 do lotsss naa...
vat and service tax were okay ...
Service Tax & Vat was good. Overall an unexpected paper bcoz of inclusion of Relief , Questions based on Section 143.
| Originally posted by :Rahul Arora | ||
| " | overall gud paper as compare to cost & FM. hey but what abt question 3 , the capital gain one.....?? wasn't there printing mistake. it would have been 5,00,000 instead of 50,00,000 - COA | " |
yes...think its their mistake....coz nobody would sell a property they bought years back at a rate much lower than purchase price, right.....they would hav meant 5,00,000....
anyways i hav taken values as per they gave....so there was a capital loss nd so exemptions of sec 54 nd 54EC need not be claimed....i jus jotted down dat....
| Originally posted by :Sneha | ||
| " | 4me it was bad.. what abt 750000/- income of geeta was it taxable or nt? | " |
ya it will be treated as business income as it was not his own salary...it was from firm..even i did mistake their....
overall i would say, it was far more better than costing - fm !!!
At the beggining when i saw the paper , i was like sure failed . but then decided to keep my cool and take 1 question at a time .. hopefully will get about 45 but no use .. Costing expectin 35 .. Even if they pull me to 40 i should get 60 in Info tech to pass cuz group 1 was jus fine .. wont get more than 150 there ...
| Originally posted by :deepti | ||
| " | was there any trick in Q 7b service tax?? it looked tooo simple to be true.... | " |
yup me too thought the same....but they hav given naa, dat money ws received in all cases...so no special adjustmnts i hope....jus to see the value of service tax....
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