Forums

Motor Car

Direct Taxation

answered 2 days ago

Sir in this question, Car is owned and maintained by employer, so it is taxable if employee is specified employee, so Mr.Balaji is a specified employee?

latest answer

Yes he is specified employee since salary is more than 50K per annum.

Priya Ravi

Priya Ravi

CA Inter

55K+

1

10

Set off

Direct Taxation

answered 2 days ago

Opted 115 BAC Loss from one specified business 1lakh Income from another type specified business 50k Income from same specified business 50k What is treatment ? In case of not setoff under 115 BAC Is it carry forwarded ?

latest answer

We cannot set off the loss.

Sri ram Pothineni

Sri ram Pothineni

CA Inter

11K+

1

16

SECTION 139A

Direct Taxation

answered 1 day ago

Sir should we study all these for exam or is it given just for knowledge purpose? [Video Time Stamp: 13:13]

latest answer

Thank you Sir

Mohamed Kaiz

Mohamed Kaiz

CA Inter

2K+

2

14

Allowance for employees working in transport

Direct Taxation

answered 2 days ago

If employee is already in receipt of daily allowance, then how much amount is taxable for transport allowance? [Video Time Stamp: 06:15]

latest answer

Entire.

Priya Ravi

Priya Ravi

CA Inter

55K+

1

12

Doubt regarding date of departure and arrival while calculating number of stay in India

Direct Taxation

answered 2 days ago

1: Why in Q9 Mr raghu's date of departure and arrival is not considered while calculating number of stay in India? 2: In Q 10 why miss Bhanushali's date of arrival and departure is included while calculating number of stay in India?

latest answer

For calculating number of days in India, the date of departure and arrival both are considered.

Roopam Pandey

Roopam Pandey

CA Inter

130

1

26

Doubt

Direct Taxation

asked on 04-Dec-25 22:49

Q19 Q20 Doubt direct taxation ca inter

latest answer

No answers yet!!

vaishali vadhera

vaishali vadhera

CA Inter

0

0

29

Finance Act,2025

Direct Taxation

answered on 04-Dec-25 22:56

Sir, I took DT classes for Jan 2026 but I am writing exam on May 2026. Is there any changes like is their applicability of finance act 2025?

latest answer

Thank you sir.

Shiva Naga Raju

Shiva Naga Raju

CA Final

9K+

2

35

Interest on compensation

Direct Taxation

answered on 04-Dec-25 18:59

Sir for interest on compensation/ Enhanced compensation only Standard deduction of 50% is allowed right ? [Video Time Stamp: 11:47]

latest answer

Yes. It is taxed under IFOS and only 50% standard deduction is allowed.

Priya Ravi

Priya Ravi

CA Inter

55K+

1

31

Aggregation of Agricultural Income

Direct Taxation

answered on 02-Dec-25 09:36

In this sum balance 30% sugarcane sold which is Agricultural Income is exempt from tax right sir? [Video Time Stamp: 02:34]

latest answer

Yes it is agricultural income and exempt under Section 10(1).

Priya Ravi

Priya Ravi

CA Inter

55K+

1

27

FIRST PROVISO TO SECTION 48

Direct Taxation

asked on 01-Dec-25 15:23

1. whether First proviso to section 48 is applicable for STCG? 2. In case of CG taxable u/s 112A & 112(on transfer of unlisted securities/ shares of closely held company) foreign exchange fluctuation not applicable, then for which shares & debentures does this first proviso applicable. Please clarify

latest answer

No answers yet!!

SURESH KUMAR RSK

SURESH KUMAR RSK

CA Final

200

0

31