Discussion on service tax ca final - can anyone join now? - Students

Discussion on service tax ca final - can anyone join now?

Page no : 23

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

Which book for DT R U refering mam ? I am sure you must be doing it from Vinod Gupta or V K Singhania.

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

Hmmm..... I hope really clear & satisfied with the way of explanation & your understanding it

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

i have take one of the best sir's material and not purchased any book for this in pcc i followed singhania

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

OK Now tell me what should be the value to be adopted in the given case.

Property Purchased ion 25.09.1975 for Rs 150000/- FMV as on 1.4.1981 is 125000/- & Cost Improvements btwn 1975 & 1980 is Rs 50000/-

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

i am feeling that u r feeling diffcult to explain me ? what you say ? i have not studied this sec in this depth manner and to be frank i am not clearly remembering capital gains pcc syllabus. as u said i kept hte book aside

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

Ok Keep the Book with you if you feel it will help you in understanding. but i dont have any difficulty in explainig anything to you

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

150000 and 50000 = 200000

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

Mam you been a science student V K Singhania book is too high for you to understand. rather even to an average commerce CA stu VKS is diffclt to understand, You can Take T N Manoharan, its just in a very easy language & just enpugh & easy for passing your exams with 60 marks

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

No Mam, Value which can & should be adopted is which ever is higher but any Improvement cost before 1.4.1981 is not allowed to be taken. only the value of actual aquisition will be considered s it is higher.

Suppose 1.4.1975 Pur price wud hv been 125 & Improvement again 50 & FMV on 1.4.1981 at 150 the you would consider 150 as this will be benifit the assessee

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

No mam value to take is 150. Cost of Improvement before 1.4.1981 is not allowed. & this idiotic foru is very slow & showing forum flooding every time. I think we should find some other forum for discussion