Discussion on dt

Page no : 2

Madhavi (CA - FINAL) (1342 Points)
Replied 25 September 2012

i answered spontaneously i have not gone through any book. that is my spontaneous answer

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Yogita (Partner) (434 Points)
Replied 25 September 2012

Right Now tell me if I recieve Enhanced compensation & Interest the what would be my calculation procedure & treatment for such compensation & Interest

Yogita (Partner) (434 Points)
Replied 25 September 2012

Very happy to read that you are coming with spot answers, Hmmmm good compitition coming for me. Lets fight it

Madhavi (CA - FINAL) (1342 Points)
Replied 25 September 2012

for enhanced compensation the cost of acquisition is nil and interest on enhanced compensation we wil take it as other incomes and charged fully

Yogita (Partner) (434 Points)
Replied 25 September 2012

What happened Held up with this question ? then tell me I will answer it for you

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Yogita (Partner) (434 Points)
Replied 25 September 2012

No Mam Interest on enhanced compensation will be eligible for 50% deduction & only 50% to be taxed under Income from other sources. Check sec 57

Madhavi (CA - FINAL) (1342 Points)
Replied 25 September 2012

i closed books so one new point is that interest on enchanced compensation is allowed for 50% deduction and rest of the 50% is taxable under income from other sources

Yogita (Partner) (434 Points)
Replied 25 September 2012

Hmmm You can keep the book if you want but keeping books closed I think will make you happy when you read this same things tomoro & you will feel that you know some very fine points

Madhavi (CA - FINAL) (1342 Points)
Replied 25 September 2012

ya thats what i am telling that i won't check now. what u say is right and a new point if i don't know

Yogita (Partner) (434 Points)
Replied 25 September 2012

Mam What is 54ec. Mam i am surfing sections so you get switched to diff provisions at same time else you sy i will stick to single topic. but switching to diff topics gives a better feel of confidence

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Yogita (Partner) (434 Points)
Replied 25 September 2012

Be sure I will not tell anything which is wrong or where I have my own doubts or diff or opinion on interpretations of the sections

Madhavi (CA - FINAL) (1342 Points)
Replied 25 September 2012

i dont remember may be selling of AGRICULTURAL LAND

Yogita (Partner) (434 Points)
Replied 25 September 2012

I hope you are really happy & find interesting discussing studies with a Robot ?( Me )

Madhavi (CA - FINAL) (1342 Points)
Replied 25 September 2012

Y ROBOT ? i am happy that i started my studies and confident of attempting in nov12

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Yogita (Partner) (434 Points)
Replied 25 September 2012

Hey 54 EC is the Investment scheme sec where investments to be made in RECL & NHAI bonds for the LTCG tax exemptions. Selling of agriculture land is 54B Mammmmm... What is this such simple thing & you forget it Hmmm..... not good mam not good