Taxation confusion ????????????????

IPCC 1601 views 21 replies
User Avatar

IPCC - Nov 2011 BCOM
188 Points Joined July 2009

Hey, i am an ipcc student of may2010 attempt. As i failed to clear my ipcc in nov2009 , during may in taxation we had exemption limit for individuals as 160000 and now as the budget has been passed in the parliament will the new rates of exemption of income up to  300000 is implemented from first of april2010. Then for may2010 exams may be the same new rates may be applicable as it is the financial year and the assessment year starts from march of 2011..........................please let me know which exemption rates for income tax are applicable for may2010 and nov2010 exams.                 YOUR  REPLIES WILL BE WHOLE HEARTEDLY ACCEPTED AND APPRECIATED................... THANKS FOR REPLIES IN ADVANCE..................

1 Reply Share Follow
On 04 March 2010 at 23:37 Report
Replies (21)
Guest

finance act 2009 will be applicable for may 2010

Reply
On 05 March 2010 at 03:02
User Avatar

IPCC - Nov 2011 BCOM
188 Points Joined July 2009

Thanks for the reply subham sir, but which rate will be applicable for nov 2010????????????

Reply
On 05 March 2010 at 08:06
User Avatar

CA CS
72 Points Joined September 2007

finance act 2009 will be applicable for may 2010 as well as for nov 2010. Budget 2010 will be applicable for May 2011 exams.


 

Reply
On 05 March 2010 at 09:11
User Avatar

Student
364 Points Joined October 2009

i.e. Rs 160000

Reply
On 05 March 2010 at 11:05
User Avatar

Looking for job
38 Points Joined March 2010

Hey , just find attached the file for your solution containing the income tax rates applicable for May & Nov. 2010 exams.

Reply
On 05 March 2010 at 12:18
User Avatar

CA FINAL
740 Points Joined July 2009
Originally posted by : Mangesh

finance act 2009 will be applicable for may 2010 as well as for nov 2010. Budget 2010 will be applicable for May 2011 exams.


 

AGREE...

Reply
On 05 March 2010 at 12:20
User Avatar

CMA*CA*CMDM*ast FUND MANAGER*LEGAL ADVIS
14938 Points Joined January 2009

i.e. Rs 160000

Reply
On 05 March 2010 at 12:45
User Avatar

Newly minted CA
1733 Points Joined July 2009

and what abt other amendments??

Reply
On 05 March 2010 at 13:37
User Avatar

Search on.... for knowledge
129 Points Joined February 2010

Ammendments passed only  prior to 6 month of exam are applicable..

Reply
On 05 March 2010 at 13:57
User Avatar

agarwal
1521 Points Joined December 2009

thanx............

Reply
On 05 March 2010 at 14:32
User Avatar

IPCC - Nov 2011 BCOM
188 Points Joined July 2009

Thanks for all of you who had replied to my query and helped me setting aside my confusion                                     once again thanksssssssssssssssssssssssssssss

Reply
On 05 March 2010 at 15:23
Guest
Originally posted by : on a way to ca

Thanks for the reply subham sir, but which rate will be applicable for nov 2010????????????

DON`T CALL ME SIR,YAAR

Reply
On 05 March 2010 at 15:38
User Avatar

Chartered Accountant
81 Points Joined September 2007

For the AY 2010-11 The Finance Bill 2009 will be applicable and The Finance Bill 2010 passed will be applicable for the AY 2011-12. Finally for May 2010 Exams Finance Act 2010 will be applicable.

Reply
On 05 March 2010 at 16:42
User Avatar

Learner
1867 Points Joined October 2008

Yes......It is Finance Act 2009.....A.Y. 2010 - 11 for May 2010 exam..........

Reply
On 05 March 2010 at 16:50


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading