well y will it be deemed to be let out.. mere splitting of house in 3 units for theire own purpose will not effect from IHP.. i took it as 2 portions one let out and the rest i took as let out property
How was INCOME TAX today
Page no : 5
jatin kapoor
(CA FINAL)
(1586 Points)
Replied 12 May 2010
| Originally posted by : ashfaq | ||
 |
ques 2. Please bear with presentation |
 |
i think ur calculation in hp is wrong and also business income
CA Abdul Haseeb
(Employed)
(147 Points)
Replied 12 May 2010
i dont think the paper was really easy... questions like 2, 3(a), 4 and 5 too needed conceptual clarity.. and 4*4 tho wat laga di.. one question out of portions.. the oly thing easy was vat and st
CA Ruben Balooni
(Professionalism ™)
(1324 Points)
Replied 12 May 2010
what about TDS on company deposit?
contribution to pension fund lic?
chetan jain
(cj)
(203 Points)
Replied 12 May 2010
@ kritesh yr kaunse unit 2 ki baat kar rahe ho...??? huf wale ques ki baat kar rahe ho kya???
Kritesh Tiwari
(CFP)
(109 Points)
Replied 12 May 2010
| Originally posted by : chetan jain | ||
|
|
@ kritesh yr kaunse unit 2 ki baat kar rahe ho...??? huf wale ques ki baat kar rahe ho kya??? |
|
Yup!!!!!!!!!!!!!.............
@ gunmaster....
comp deposit mai tds kaha se aaya......
ded milega.... Chapter VI a mai..
chetan jain
(cj)
(203 Points)
Replied 12 May 2010
@ gunmaster maine to intt frm co deposit ko income frm other source mai add kiya h coz it is nt dividend...
aur ek galati kar di pension fund contribution is not deducted u/s 80 c aur wo maine add kar di...!!!
Kritesh Tiwari
(CFP)
(109 Points)
Replied 12 May 2010
whole paper was based on Conceptual...................
I did so many conceptual error.......................
please someone slap.. meeeeeeeeee..
I need it..
chetan jain
(cj)
(203 Points)
Replied 12 May 2010
yr koi bol raha h pension ka deductio milega aur koi bol raha h nai milega....!!! wat da hell is dis???
CA Ruben Balooni
(Professionalism ™)
(1324 Points)
Replied 12 May 2010
| Originally posted by : abdul haseeb | ||
|
|
wat do u people think abt 3 a |
|
income to be clubbed = 440000*(200000/1100000) = 80000
income :-
business = 440000-80000 = 360000
ltcg = 500000
Tax will be
on ltcg = 500000*20% = 100000
on balance income = 360000 = 26000
total tax = 126000
edu. cess + shec = 3780
net tax payable = 126000+3780 = 129780
advance tax intallment =
1st = 30% * 129780 = 38934
2nd = 60%*129780-38934 = 38934
3rd = 100%*129780-38934-38934 = 51912
chetan jain
(cj)
(203 Points)
Replied 12 May 2010
@ abdul agar aisa h to cadbury to u frm my side kyunki mai deduct karke aaya hu...!!!
Kushal
(Article)
(77 Points)
Replied 12 May 2010
| Originally posted by : GuNmAsTeR-G9! | ||
|
|
Originally posted by : abdul haseeb wat do u people think abt 3 a income to be clubbed = 440000*(200000/1100000) = 80000 income :- business = 440000-80000 = 360000 ltcg = 500000 Tax will be on ltcg = 500000*20% = 100000 on balance income = 360000 = 26000 total tax = 126000 edu. cess + shec = 3780 net tax payable = 126000+3780 = 129780 advance tax intallment = 1st = 30% * 129780 = 38934 2nd = 60%*129780-38934 = 38934 3rd = 100%*129780-38934-38934 = 51912 |
|
Nope . wrong. . Advance tax need not be deducted for CG until last chapter.. Assesee is not liable to deduct tax for deducting casual income/capital gains
Recent Topics
- Handling of NRO TDS
- Asset Declaration in ITR2
- CGST/SGST Input tax Classification in Tally Prime
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
Related Threads
CAclubindia
