Need solution for dt final nov14.

Q.NO.5 (A)

1.INCOME FROM HOUSE PROPERTY

GAV                                  3,00,000.00

LESS Municipal Taxes        1,85,000.00

                                         1,15,000.00

Less:Deduction U/S 24

30% Of NAV-115000*30%      34,500.00

Int on Loan                         1,50,000.00

Loss from H.Property            (69,500.00)

Add:Arrears Rent 30000*70%  21,000.00

                                           (48,500.00)

II.Income From Capital Gain

Sale consideration                30,00,000.00

(390000/13*100) which is higher

than sale cnsideration ie-2500000

Less Indexed cost of acquisition

25000/223*939                       1,05,269.00

                                           28,94,731.00

Less:Exptn-54                      15,00,000.00

"      54EC                            10,00,000.00

                                             3,94,731.00

Total Income                          3,46,231.00

(394731-48500)

Q.NO.4 a-44AD

Book Profit                               3,00,000.00

44AD 8% OF rS.35,00,000

280000 which is less than the 

book profit hence B.Profit taken

Less:partners Interest

600000*12%                               72,000.00

Less Remuneration

40(b) least 3000*3*12                1,08,000.00

Taxable Income of the firm         1,20,000.00  

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maine dono galat kr dia:(

plz upadte more solutions.

friend iam in madurai 

the given answer may correct or not 

friend iam in madurai 

the given answer may correct or not 

its seems u did it correct,, u too has givn exm??

Yes,except the two sums others i have done more mistakes i think i wl get 45 marks in this subject

2nd case law question i hve not done properly

As per my answer

4(b)

1.Mr.X purchased residential house for a consideration of Rs.90,00,000 on 20.06.2013 TDS is 1% (90,00,000*1%=90000)is to deducted by x since the value exceed Rs.50,00,000 from 01.06.2013 and no tds for Plot acquired for Rs.49,50,000 bcoz value not excced Rs.50,00,000,No TDS for rural agriland and house property acquired purchased on 30.04.2013 the provisions not applicable since it is applicable from 01.06.2013.

2.10% to be deducted 50000*10%=5000 by XYZ LTD.

3. P gave the car without collecting TDS ,Hence P marketing to be paid @ 30% on car value           400000*30%=120000.

4.AB LTD is liable to deduct TDS on individual Tax rate

   45000*12=    540000.00

   Int on H.L=     80000.00

                       460000.00

Tax-                   26000.00

Less:87A              2000.00

 TDS                   24000.00

 TDS 24000/12=Rs.2000PM

As per my answer

4(b)

1.Mr.X purchased residential house for a consideration of Rs.90,00,000 on 20.06.2013 TDS is 1% (90,00,000*1%=90000)is to deducted by x since the value exceed Rs.50,00,000 from 01.06.2013 and no tds for Plot acquired for Rs.49,50,000 bcoz value not excced Rs.50,00,000,No TDS for rural agriland and house property acquired purchased on 30.04.2013 the provisions not applicable since it is applicable from 01.06.2013.

2.10% to be deducted 50000*10%=5000 by XYZ LTD.

3. P gave the car without collecting TDS ,Hence P marketing to be paid @ 30% on car value           400000*30%=120000.

4.AB LTD is liable to deduct TDS on individual Tax rate

   45000*12=    540000.00

   Int on H.L=     80000.00

                       460000.00

Tax-                   26000.00

Less:87A             2000.00

 TDS                   24000.00

 TDS 24000/12=Rs.2000PM