PCC exam : Income Tax Paper Quite easy oneee

CA Harish Suwalka

Chartered Accountant ( Bhilwar

4125 Points Posted on 19 November 2009

neeraj are you you kidding.....just compare both again

Joyal

Article assistant

30 Points Posted on 18 December 2009

Mr mithre..... The question looked to be very easy ya it was easy for students who studied well and those who have not studied!! Just take the case of that house rent..check the saravana, you will get flat deduction,did you taken that while computing????

Mithreshan

Articled Trainee

60 Points Posted on 19 December 2009

"easy for students who studied well and those who have not studied!!" - iam just a little above d 2nd category ie not 'not at all' studied. & i dont get ur 'flat dedn.' question..? if its d municipal taxes paid abroad dat u r askin about, then i hav it deducted it in full.

EASY1 OR TUFF1 every1 will REALLY get to know wen d results r out. Hopin 4 d best, all d best 2 u toooo 4 d results.

Joyal

Article assistant

30 Points Posted on 19 December 2009

Thanks man and same to you..about flat deduction, i mean about the standard deduction sec 24 a. And fools like me didnt deduct that for the rent received from usa thinking that it is not applicable to residence situated out side india....

Mithreshan

Articled Trainee

60 Points Posted on 20 December 2009

i took d 30% dedn. but did another conceptually wrong mistake of taking income under 80C deduction (i had a confusion of whether d incom is exempt or not in d business income prob- spent a lot of time on dat Q & then suddenly realised dat time wasn't enuf - took it under 80 c without ny logic watsoever) in d xam hall u make a lot of idiotic mistakes due to xam pressue nd all dat stuff but 1 gud thing bout those mistakes is that u wud remember it for ur lifetime & wud never make dat mistake again. hoping that it does not affect our results so badly , hopefully we'd hav answered many other Qs correctly in the xam.