resident women can only avail exemption of 180000....and if non agricultural income exceeds basic exemption limit then only u can aggregate the income...
MAYURI
(ICWAI-FINAL)
(38 Points)
Replied 24 December 2009
resident women can only avail exemption of 180000....and if non agricultural income exceeds basic exemption limit then only u can aggregate the income...
CourseCart.in
(Mentor at SHAYVIDZ Academy)
(3756 Points)
Replied 29 December 2009
| Originally posted by : charu | ||
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exemptiom= 180000 relief= 40000 relief of 40000 shall be adjusted first from LTCG i.e. Rs. 30000 and then from STGC u/s 111A i.e. Rs. 10000 relief cannot be adjusted from casual income so taxable portion of income comprises of only casual income of Rs. 20000 as far as agricultural income is concerned, LTCG, STCG u/s 111A n casual income are not considered for the purpose of partial integration and if non agricultural income excluding these items is < exemption limit, then partial integration is not applicable. so, tax liability is 6180((20000*30%)*103%) |
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This is only the right answer Mr. RAVI...
my answer was final wat i had gvn in my 1st msg..
do check ur knowledge bank..
read the provisions again..
Adarsh
Vivek
(CA FINAL)
(75 Points)
Replied 29 December 2009
if all of you want correct solution please see in singhania book PE2 MAY 2006.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
