Tax Exam May 2011(PCC)

how will be the correction yaar

i wrote all theory in own as i didnt get much time to study bt i attempted 100 marks paper and i didnt take lip of married daughter

wher can i get the solved paper of may 2011 pcc tax and costing paper

by middle of july in icai.org as suggested answers

nt dat bad,,,,bt was lengthy....!!

Married daughter Insurance premium is allowed as deduction u/s 80 C.Major son TSP is also allowed as deduction...brought forward losses are allowed to be set off from presumptive taxed income...That i m sure about it...but frenz cud u plz tell...

what about donation to government ecognised SR institution..i think it wont be allowed as deduction cuz the deduction can be claimed out of bussiness income u/s 35 n Mr Chaturvedi does't have a ny PGBP income..??

Can LLp set off loss of Rs 200000...i wrote NO..am I right..??

and No rate of depreciation has been given in Ques 2 (a) i have taken assumption for same...n if possible toh plz upload solution for ques no 2 m bit curious...!!

20 lakhs will not be allowed in national highway...only 50 lakhs should be allowed na..??...m asking this coz my frenz got me confused.....but i gave deduction for 50 lakhs only...!!

I dnt think that the investment in tax saver deposit will be allowed in the name of a major son u/s 80C...nd as for the donation to govt app scientific research insti., i think the same will be allowed u/s 80GGA - Deduction for non-businessmen as it had been specifically mentioned that he does not have any income from profession..

@ prachi thank god someone agreed..!!

for 2a so wat if dep rate nt given ur suppose to remember n write it..it will mostly carry 2 marks coz 2 assets have been purchased, the block of assets concept comes into place..

for tat donation..its given tat he has no business so he can claim 175% deduction same as 35 but U/S 80GGA

n tat NHAI Bonds thing..only 50 lakh is allowed U/S 54EC..u shud mention al tat..the ceiling limit is 50 lakhs only...nt more than tat..

for LLP Question..which one ur talkin abt?? mandatory filing of return of income or tat conversion of pvt ltd to llp? coz tat conversion only 5lakh can be set off..

more or less qu.were good.................one problem was that less mark of qu. asked from 5 head of income

Paper was easy, but quite lengthy.

What the income from HP and Profession in Q2

hi friends,

my i.t paper was goinig average,

service tax is very fantastic question,

now hoping for a positive result,

best of luck,

PCC Tax Paper-

Question 1-(4)

Service taxable = 178000

Right?

Dosto please dont  take tension

and

get cool after examination...

Faith on your Efforts that will produce xtraordinary result in your  CA career.

Regards,

Ronak Darji

it was easy...maximum ques r correct of mine...may b i got exemption in tax... :)

Originally posted by : Raunak
	@ prachi thank god someone agreed..!! for 2a so wat if dep rate nt given ur suppose to remember n write it..it will mostly carry 2 marks coz 2 assets have been purchased, the block of assets concept comes into place.. for tat donation..its given tat he has no business so he can claim 175% deduction same as 35 but U/S 80GGA n tat NHAI Bonds thing..only 50 lakh is allowed U/S 54EC..u shud mention al tat..the ceiling limit is 50 lakhs only...nt more than tat..   for LLP Question..which one ur talkin abt?? mandatory filing of return of income or tat conversion of pvt ltd to llp? coz tat conversion only 5lakh can be set off..

@ Raunak...i ws talking abt that conversion...ya i did right only 5 lakhs will be allowed....as 2 lakhs not eligible to be carried forward by pvt ltd.

80GGA i dint gave ne deduction there...gaye marks...!! hey cud u plz tell me the ans for ques 1 (d)....I wrote 158000..???