Taxation
dadibattini
(Querist) 16 May 2013
This query is : Resolved
Appeal4all to give ans. as my colleague is appearing for exam on 20.5.13.Regards
Answer any two :-
(a) Please discuss appeals to the High Court and the Supreme Court under Sections 260A and 261 of the Income Tax Act, 1961.
(b) (i) What are the conditions for availing of exemption from capital gains tax on transfers arising from a demerger of a domestic company?
(ii) What is a reverse merger?
(c) (i) What is meant by discretionary trust? How is the income of such a trust assessed to income tax?
(ii) Discuss whether a beneficiary of a discretionary trust can be assessed directly on income received by him from the trust during the previous year.
R.K Nanda
(Expert) 16 May 2013
academic query.
RAJU O.F.,
(Expert) 17 May 2013
Don't expect the experts to take coaching classes, for appearing in exams.
ajay sethi
(Expert) 17 May 2013
we dont reply to academic queries
Raj Kumar Makkad
(Expert) 21 May 2013
Better to post real problem here and get the replies from the experts.
