banner_ad

it's shame yaar no one is there who knows solution in 3lacs

CMA (Inter / Final) 2630 views 32 replies

resident women can only avail exemption of 180000....and if non agricultural income exceeds basic exemption limit then only u can aggregate the income...

Originally posted by : charu
normal income(i.e. income other than LTCG, STCG u/s 111A, Casual income) = 200000-30000-10000-20000 = 140000
exemptiom= 180000
relief= 40000
relief of 40000 shall be adjusted first from LTCG i.e. Rs. 30000 and then from STGC u/s 111A i.e. Rs. 10000
relief cannot be adjusted from casual income
so taxable portion of income comprises of only casual income of Rs. 20000
as far as agricultural income is concerned,
LTCG, STCG u/s 111A n casual income are not considered for the purpose of partial integration and if non agricultural income excluding these items is < exemption limit, then partial integration is not applicable.
so, tax liability is 6180((20000*30%)*103%)

 

This is only the right answer Mr. RAVI...

my answer was final wat i had gvn in my 1st msg..

do check ur knowledge bank..

read the provisions again..

 

Adarsh

if all of you want correct solution please see in singhania book PE2 MAY 2006.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details