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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