CA Kanveer Singh Dhingra
(Merchant Banker)
(193 Points)
Replied 11 December 2009
Hareesh H Sharma
(Cleared IPCC..now article)
(894 Points)
Replied 11 December 2009
oki friend..But don 4gt to study serv tax and VAT from stdy material ok..esp if any specific services are mentioned..cos last time exam evrything was directly from stdy material..and its for 50 marks for IPCC ...so it does make a diff
CA Kanveer Singh Dhingra
(Merchant Banker)
(193 Points)
Replied 11 December 2009
Hareesh H Sharma
(Cleared IPCC..now article)
(894 Points)
Replied 11 December 2009
welcome friend..study well..
BIJAY KUMAR RUNGTA
(CA FINAL STUDENT)
(85 Points)
Replied 15 December 2009
YA,i support But in the book supplied by institue itself says that it will be allowed even if the income earned was exempt.. Case law-cit v. Rajindra prasad moody(page no-4.235 of taxation ipcc)
Hareesh H Sharma
(Cleared IPCC..now article)
(894 Points)
Replied 15 December 2009
check out the disc..it was about the case law only..it was quoted by kanveer
JAY DESAI C.A.,C.S.
(Audit Senior)
(45 Points)
Replied 15 December 2009
No expenses incurred to earn exempt income will never be allowed as deduction refer sec.14
NARENDER PAWAR
(CA final Student)
(337 Points)
Replied 17 December 2009
expenses in case of earned exempt income shall not be allowed u/s 57 of income under the head other source
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