November 22 Final DT Paper Solution and Step Marking Scheme | Durgesh Singh

In this session, Educator CA Durgesh Singh will be discussing November 22 Final DT Paper Solution and Step Marking Scheme from Direct Tax for CA Final.

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➤ About the Educator: Chartered Accountant. Teaching CA Final Direct Tax & International Taxation for the Last 18 years. Students undergoing tuitions under CA Durgesh

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#directtax #cafinal #dtpapersolution

[zamirnizar]

Sir, as per ICAI's solution in an MTP, bf losses are not reduced from pgbp for caluclating deduction u/s 10AA. ( For Q. 2a)

[capiyushjain]

As per last attempt checked copies q's of dtaa have no step marking
Any calculation wrong straight away zero is alloted

[hatimbohraca]

with due respect,
There is wrong solution of 2(a) and it may harm the concept of students as I also got confused because I did the right solution at home. While calculating PGBP entitled for deduction under sec 10AA, brought forward loss will not be deducted from business income. Only profit on import entitlement will be deducted . Please clarify sir If I am wrong.

[moinmaniyar]

In DTAA can we assume interest from saving account and take 31st mar 22 exchange rate + 80TTA Deduction???

[amanshivhare]

Sir 10aa ke question Mein m/s PRK LLP hai not company islia deduction u/s 80GGB (political party contribution) NOT allowed hona chaiye but apne allowed kyo kiya hai???

[LovelySingh-brdw]

Q(6) (i) GAAR will not be applicable as this specific case wud be dealt with sections contained in Amalgamation/Merger Provisions. ICAI STUDY MAT k questions Mr diya hai.

[rajatgupta]

How TDS for royalty is covered by case law when no reference of DTAA is given?

[durgeshsingh]

Hello Students there is corrigendum on this :
1) Q.5(iii) was erroneously read as assessee outstanding interest converted into the loan by the Financial Institutions(FI), but it's the case where the assessee to repay it's outstanding interest has issued its own debentures. So it's not a case of FI providing rehabilitation program of conversion of outstanding interest into the Principal loan but it's a case of payment of Outstanding interest by the assessee in non-monetary consideration by issuing it's own debentures and thereby the outstanding interest stand extinguished in this case . Therefore the interest amount shall be deductible .
2) Q.1 NO TDS to be deducted on the Securities brokerage and hence no disallowance, but brokerage paid for commodities transaction TDS will be required to be deducted and hence disallowance attracted.

3) Q.6a)(iii) There is a grandfathering Rule for securities investment held before 1/4/2017 including the bonus issue in which GAAR provision cannot be invoked.
(Don't know why ICAI wants the students to remember these old dates of grandfathering rules. Should have been avoided).

[CharteredNesh]

In Q2 why disallowed 5 lacs? In question it’s written that 16% pa on partner capital rs 20 lacs. So why we can’t assume that 20 lacs is partners capital and we have to consider 16% on 20 lacs?
Why not in this way sir?

[bhuvanchandra]

Sir will they provide marks for the wrong mcq ?

[Be_happy_]

Sir may 2018 m bhi 6 marks ka tha ..aap dekhlo