PCC Solved Taxation Paper Nov 09 - now corrected

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all wrong answers wad the helllllllllllllllllllllll

hi manish there r a lot of wrong solved answered by u , after all thank for attampt

mistake like, pension received are totally exempted from tax.

          baiju

All  the answer   are not written by   me

They are     source   from  Taxpoint.com

Written   by   Taxpoint.com

Que no. 4(b)'s solution is not correct

kya correct.......yaar

kuch bhi sahi nahi hai.

Hi Manoj,

In the recent paper you posted, i.e., solved taxation paper of PCC Nov 2009 for Assessment year, i found lot of mistakes in the entire paper, espicially the following are unbearable..,

In Question No.2, you have missed the Surcharge while calculating the Tax and

In Question no.4(b), you have computed tax @ 20% on the entire income, with providing the limit of Basic exemption (Ex: For an Individual, for the assessment year 2009-10 it is 1,50,000/-)

My Freindly advise to you is that, thanks for your attempt for solving those answers. But you have to take care while posting those answers on your name in the CA Club India Forum. Hope you will receive it Positively and will not repeat the same mistakes.

@ Prudhvi...

I have nt gone through the answers bt as i gone through first question, i got that the anser is wrng...

bt this 20% thing which you are saying....it is ok..bcoz in case u have LTCG and dont have other incomes which exceed the basic exemption limit of Rs.150000(for AY 09-10)...then the left over basic exemption can be used by the LTCG and balance being taxed @ 20%....this is a additional provison for our capital gains...

Manish is trying to copy the solution provided at

www.taxpointindia.com/pccnov2009.html

The aforesaid site provide solution as per A.Y. 2010-11 and that are very much correct but while converting the same in A.Y. 2009-10, dear manish has done lots of mistake..... If u need correct solution visit the aforesaid site.

Manishji, copy karna nahi aata to ca kaisi banoge...... and logo ko confuse n badnaam kyon karte ho...

further its not taxpoint.com it is taxpointindia.com

For taxpointindia.com book refer this link

www.taxpointindia.com/income-tax-ca-book.html

Thank u,

Hey guy!!

thanks 4 ur co-operation.

n ya,why didnt u apply Marginal Relief while calculating the Tax Liabilty of Ques no.2?

Since there is no surcharge in A.Y. 2010-11, hence no question of marginal relief .....

can anyone provide c.a pcc 2011 nov solutions of tax