PCC tax Nov 2011

hey guys dont write to icai these question are from pcc itself..

It was not a bit lengthy.......rather it was a very leghthy one.....out of that 4 marks questions are out of syllabus for PCC. Seing the reasonability of length and the portion not covered under the syllabus, institute must grant some grace or lineancy in checking must be given so that discrepancy can be balanced.

Yes!! paper was bit difficult means a bit conceptual ... one need to be good at tax rules ... paper is not that much lengthy if one writes fast ...

baki paper dekh ke to mai bhi ek baar daar gaya thaa ... lets hope for good ... :) 

can anyone shares the answers?

how that vat Q.1.d is to be solved in exemption?

how that resident or non resident question is solved?

Thanks in advance

@ sarthak for vat question you have to reverse 25% vat credit as the output is 25 % exempt and for resident question he is nor resident becuase he is covered in special category, all allowance to govt employees of gvot posted abroad are exempt and income accruing outside india and received outside india is not taxable

THE PAPER WAS EASY BUT LENTHY COULDN,T COMPLETE IT,

IT & SM  IS THE ONLY HOPE

NEED ABOVE 65 MARK TO CLEAR THE GROUP

OTHERWISE..........

PCC Tax Paper was too lengthy. I agree wit Kartik Khetarpal.. Me and many such friends are in the same condition..

ya it was too much lengthy 

The qustion setter has mixed TAXATION with DT IDT of CA FINALS ... am I right ?

its really conceptual nd bit a lengthy... Q2(a) is a bit time consuming!

overall its the good level of  examination for PCC.