How was the exam???????????????
Shilpi Mitra (CA FINAL STUDENT) (38 Points)
09 May 2011How was the exam???????????????
Raunak
(CA Final)
(227 Points)
Replied 09 May 2011
@ Raunak
In my opinion LIP for married daughter is allowed u/s 80C..nthng specifically has been mentioned for any treatment otherwise...nd w.r.t. the investment in tax saver deposit, dnt think that such investment in nationalised bank is eligible for deduction..
All in all the paper was decent...harder than what i had expected...made a couple of mistakes of my own bt with decent checking hoping to secure a good total..lost out on some of the ammendment related questions tho...
Senty
(CA Final )
(133 Points)
Replied 09 May 2011
the paper was too lengthy..............................................
Raunak
(CA Final)
(227 Points)
Replied 09 May 2011
paper was kinda lenghty...bt jst fine
@ ankit married daughter u can claim..got to kno...u can surely claim tax saver in nationlised bank..checked online..
Sk. Abdul Aziz
(CA - Final)
(811 Points)
Replied 09 May 2011
Premium paid on a policy on the life of a married daughter is deductible u/s 80C
Circular : No. 574, dated 22-8-1990.
D******
(Article)
(27 Points)
Replied 09 May 2011
I also do agree with Abdul... i also claim deduction....
sur..
(Business )
(29 Points)
Replied 09 May 2011
Deduction for married daughter can be taken as it is applicable for any child as mentioned in d act which wud also include married child.
and for the investment in d name of major son accrdng 2 me nt allowd.. as far as i have checked losses can b set off from 44ae income..
paper wsnt tough actly bt dis tym ICAI is focussing on small neglected chapters dat students mostly leave and den obvsly find d paper tough..
xpectin d same for d rest of d papers as wl..
nwz if any1 has d solution of dis paper plz upload it.
Mohit Agrawal
(Practicing Chartered Accountant )
(55 Points)
Replied 09 May 2011
no buddy...........LIP payment of married daughter not allowable as deduction under section 80C
preethi
(student)
(253 Points)
Replied 09 May 2011
Paper was very tough.. i omit 20 marks... and made very careless mistake in servicetax. Hopin for the best... Tax and costing itself this much tough.. i'm so scared abt Info and sm...
Raunak
(CA Final)
(227 Points)
Replied 09 May 2011
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