TDS

asked 1 hr ago

Mrs. Kajal, the General Manager of M/s Gold Ltd. was paid a salary rs 4,50,000 per month. The above salary includes non-monetary perquisite of rs 50,000 per month. As per the terms of employment, tax on non-monetary perquisite is to be borne by M/s Gold Ltd. Mrs. Kajal’s contribution towards PPF is rs 1,50,000. What would be the amount of tax to be deducted by M/s Gold Ltd. from the salary of Mrs. Kajal if she intimated M/s Gold Ltd. to opt for provisions of section 115BAC for A.Y. 2023-24? (a) rs 13,80,427 (b) rs 15,52,980 (c) rs 12,54,936 (d) rs 13,88,970 Give explanation along with answer

latest answer

No answers yet!!

Thasneem Banu

CA Inter

★ 7K+

0

17

Tax liability computation

answered 1 hr ago

Mr. Rishabh, aged 65 years and a resident in India, has a total income of rs 4,50,00,000, comprising long term capital gain taxable under section 112 of rs 85,00,000, long term capital gain taxable under section 112A of rs 75,00,000 and other income of Rs 2,90,00,000. What would be his tax liability for A.Y. 2023-24. Assume that Mr. Rishabh has opted for the provisions of section 115BAC. (a) rs 1,41,40,750 (b) rs 1,38,86,990 (c) rs 1,38,84,390 (d) rs 1,39,81,240

latest answer

Option A is the correct answer

Thasneem Banu

CA Inter

★ 7K+

2

17

Income from salary

answered 20 hrs ago

Please do explain first point of this solution

latest answer

Leave travel concession perquisite means employer sending employee and his family to holiday is exempt Provided if they are traveling by flight then upto economy class ticket fare is only exempt And it only available to the employee his spouse and two children Now there has been a clarification regarding two children.. Of in first birth u have one child and in second birth twins or triplets then ask of them will get exempt

Sanjay Nandha

CA Inter

★ 4K+

1

37

Income from salary

answered 20 hrs ago

Is this correct answer?

latest answer

Yes

Sanjay Nandha

CA Inter

★ 4K+

1

22

Amendment to Section 43b (h)

answered 1 day ago

1) If on 31st march the amount payable to MSME has not fallen due can the assessee claim it as allowable expense? 2) If he claims it as allowable expense and in the next FY if the payment is not made within 45 days, will section 43b clause (h) gets attracted?

latest answer

Ok sir

Pushkala S

CA Inter

★ 3K+

4

38

Set off and carry forward

answered 1 day ago

How to calculate life insurance premium deduction in this set off topic under 80 c Is there any specific rate available for deduction

latest answer

Set off and carry forward is applicable to only incomes not to the deductions. If your total income after set off is 1,00,000 and you have eligible 80C deductions of 1,50,000 then total deduction can be 1,00,000 because deductions cannot exceed the total income.

sai sruthi

CA Inter

★ 0

1

40

Income from other source

answered 1 day ago

If relative of the assesee gift immovable property, it is taxable ??

latest answer

Gold gift from relatives are taxable???????

Sandeep Choudhary

CA Inter

★ 7K+

4

50

Amendment in past rtp and mtp

answered on 24-Mar-23

Does the MTP and RTP in the resources are updated as per the latest statutory updates

latest answer

Ok sir

Saravanan Murugan

CA Inter

★ 18K+

2

55

Pgbp question

answered on 24-Mar-23

Why depreciation not allowed on new air conditioner purchased and installed on 8.9.22 Additional depreciation will not come But they didn't take normal depreciation also

latest answer

I THINK THERE Is a mistake....you can provide depreciation for air conditioner...

Harshitha Kalidindi

CA Inter

★ 44K+

1

50

Tax computation u/s 115 BAC

answered on 24-Mar-23

show me the calculation for this question

latest answer

Thank u

Sajeetha R

CA Inter

★ 42K+

3

66