Today's dt paper

Final 9195 views 55 replies
specified business n 80 I deductions n rather Dan calculation 30%. Exempted 100% profit in deduction. :(
silly ones. Hoping for step marking
Replies (55)
specified business n 80 I deductions n rather Dan calculation 30%. Exempted 100% profit in deduction. :(
silly ones. Hoping for step marking

I didn't took 35AD as business commenced on 1.4.09... I took additional dep on 50L @ 20 % and didn't gave 80I effect, I added provision for doubtful debts 20L , 

For AMT - sez profit , dep on revaluation , uti income , share of aop to be excluded..

For slump sale I considered revalued stock.

 

 

 

I didnt take addnl depreciation...i stated that it is inclusive..i tot the information of the asset given was for calculating 32AC...most ppr was ipcc based...the questions based on japan airlines n wizcraft ent were not case study ques as we nly had to give the section and the rate of tds...the core case laws were not from the case law book...the pgbp ques had a minimum of 4 icds pts...one subsidy...one provision (wages)...overvaluation based on inventories and one more

No tds is required on agricultural land

Also for MAT u should only subtract invst inc from UTI and share of AOP from income part

Logically the point in Additional information was only for the purpose of calculating addl depre!

How can you assume it to be for S. 32AC?

Except 1st,2nd & 3rd question , all theory questions almost & of which 80% is case studies... so really unexpected paper...
Except 1st,2nd & 3rd question , all theory questions almost & of which 80% is case studies... so really unexpected paper...
Very very tough paper. Turning point for group 2.

I didnt assume...in the pressure of exam..i got confused and thought of limit as 25 lacs instead of crores

would we get marks in mat if two adjustments are
would we get marks in mat if two adjustments are wrong
at karan yes.. step wise marking is there..
mine was OK..
got all wrong in slump sale.. took land at 1200 instead of its book value.. so messed up.. deduct income from units and cap gains in mat problem..
btw in Q2 that concessional rate and next adj probable estimation wala adjustment.. was it from icds.. at least I have applied so..
at sourabh yup i think so... whether in question 6a sec 154 is maintainable
yes I think so


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register