final nov new direct tax solution

even when ever called by ao or any above officer

q. 7.d.  yes tpo can use multi[;e year data

any question u can ask me if any dought or if i m wrong let me know

hope it will help in evaluation process

its what i had written and i fell

plz tell if i m wrong anywhere

plz put u r comments if u find it little bit help ful so that it get encouage to write answers for another papers even thanks

Originally posted by : ramsinghania
	q.1.b.   sale price  3500000    cost of actuition 1000000*632/406   less  25000*632/463 is the capital gain reduce 1300000  if tds has been deducted on purchase form nri balance is capital gain

this solution is wrong..

mr

 ram you are supposed to be wrong on concepts

cost of aq will be 975000*632/406

Originally posted by : ramsinghania
	1.d intrest to be added not profit praportnate intrest for 11 months on balance amout and 12 month for rs. 2 lks to be added intest get add on not profit

this again a wrong solutions

interest will be clubbed on the balance of cap employed on 01.04.2009.

but in exam i also done it wrong just like you

Originally posted by : ramsinghania
	q.3.a.   rs.150000             rs.46000 tax  rs. 30000+600+300=30900

this is again wrong..

basic examption limit is supposed to be utilized because it is a resident women and so tax will be on balance 6000 rs only

Originally posted by : ramsinghania
	q.7.b.90 lks  -30  lks  =  60 lks  wealth tax 60 ths

my answer

self house - exempt

property for business - exempt

guest house -30 lakh

and units of residential  complex - 5 exempt as stock in trade and 3 as let out

so rest 2 are taxable - 100 lakh

total welth  = 130 lakh

net wealth =100 lakh

Originally posted by : ramsinghania
	even when ever called by ao or any above officer q. 7.d.  yes tpo can use multi[;e year data any question u can ask me if any dought or if i m wrong let me know hope it will help in evaluation process its what i had written and i fell plz tell if i m wrong anywhere

tpo can not use multiple year data but if he thinks that previous year data may be helpfull to arrive at Arms lanth price than he can only use data of previous 2 years

Originally posted by : ramsinghania
	even when ever called by ao or any above officer q. 7.d.  yes tpo can use multi[;e year data any question u can ask me if any dought or if i m wrong let me know hope it will help in evaluation process its what i had written and i fell plz tell if i m wrong anywhere

tpo can not use multiple year data but if he thinks that previous year data may be helpfull to arrive at Arms lanth price than he can only use data of previous 2 years

as u provided  for 7.b any one assest he can claim deduction a dwelling house with 4 dwelling unit is treated as one so he can treat is as his one property so he can claim for that house even so 90 lks is right check it out  and provide me the answer even , tpo  can use it as i fell just reconfirm it i will even do the same

Q1c Q1d  Q3a  Q4a and many more of ur solutions are wrong.............. 

Hai friend

Your answer to question 6(a) is wrong.Exemption under section 54EC is availabe only upto a maximum of Rs.50 lakhs.The answer will be different in such a case

i had not solved 6 .a  i think u r talking abtout residential women 50 lks is avaliable in financial year she had put in two different financial year

so i think sandeep its right

be specific ankit

q.1.c  mumbai flat :- 30 lks  or 12 lks  :- pegging down   right  so 12 lks

chennai flat  schedule  3   :-  5-3  so it comes 5 but less than cost of actuition so cost of cquition so 6 lks

sec 5  one flat is exempt   so  mumbai flat  so the new wealth is 6 lks

check out by yourself i think its right

q.1. d   contribution by husband :-  2 lks  and  furture 2 lks

profit is not to be club, now balance is intrest  only 

total intrest 80000  for  7 lks

5 lks for 12 months

2 lks for 11 months

i think thats even right