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PGBP
Direct Taxation
answered on 08-Jun-24 18:30
Is donation to trade association a deductible expenditure under PGBP ?
latest answer
No it is not. If it is membership fee then Yes.
Mainak Chakraborty
CA Inter
★ 0
1
37
capital gains
Direct Taxation
answered on 08-Jun-24 18:29
If in the question they haven't mentioned anything about whether STT is paid or not, then what should we assume to proceed the question of capital gains?
latest answer
Not paid. Question must specify that STT is paid.
Niveta Rajkumar
CA Inter
★ 160
2
53
About Commission
Direct Taxation
answered on 05-Jun-24 09:09
If commission given at per annum based Then we can calculate it for 7 months or Total commission for RFA?
latest answer
It is taken for 7 months
Shivashankar Jawai
CA Inter
★ 560
1
45
Capital gain under sec 54 exemption
Direct Taxation
answered on 08-Jun-24 18:31
My qt is, 1.Mr A sold one residential unit and purchased one farm land including saplings ,now Mr A constructing one residential unit in that land. Now , Should i consider saplings cost in cost of acquisition of land (In purchase deed land and saplings cost mentioned separately) 2.Wt if saplings are destroyed to construct residential unit.
latest answer
It is not considered. Saplings cost is not considered.
VV shetty
CA Inter
★ 5K+
1
50
Income Tax under Old Regime
Direct Taxation
answered on 03-Jun-24 16:37
Rohit earns monthly salary of ₹1,75,000. What is his tax liability if he has not opted for section 115 BAC for the assessment year 2024-25? (A) ₹4,44,600 B) ₹4,60,200 (C) ₹3,82,200 (D) ₹3,66,600
latest answer
Thank You Sir
Nikita Lakhotia
CA Final
★ 0
13
108
Capital Gains
Direct Taxation
answered on 08-Jun-24 18:30
Under SEC 54 EC investment in EcoPower Ventures bond considered?
latest answer
Power Finance Corporation Limited is covered.
Niveta Rajkumar
CA Inter
★ 160
1
60
Reimbursement of expenses on COVID treatment
Direct Taxation
answered on 29-May-24 13:51
Employer reimbursed expenses on Nov 2023 for the COVID treatment undergone by employee on March 2021 of rs.64000 Whether such 64000 is exempted as per sec 17(2)?
latest answer
Welcome.
Sajeetha R
CA Final
★ 45K+
3
57
Income Tax on NRI A/C
Direct Taxation
answered on 29-May-24 12:34
Dear Sir, A person who is employed outside India and he is sending his salary from out side India to his NRI a/c in India. If I am not wrong this income is accrued out side India but RECEIVED in India. Then why is it not being taxed in Inia sir. ? Please guide me sir.
latest answer
In case of receipt, we look at the first receipt. Subsequent receipt is known as remittance.
Thankachan Jimmy
CMA Inter
★ 0
3
58
Interest on pre-construction period.
Direct Taxation
answered on 20-May-24 18:04
In the last illustration of the second part of the illustration regarding the pre-construction period, the deduction under Section 24(b) is 33,000, right? That is 15000 + (90000/5). But in the solution, it is given as 21000. Clarify the working, please.....
latest answer
It is 33,000 only. Please check.
SHAMIL SHAMSUDDHEEN
CA Inter
★ 0
1
66
calculation of income from house property.
Direct Taxation
answered on 20-May-24 18:05
In illustration 3, The property is purchased on May 1st. So when calculating rent received, the actual amount received on let-out property is for 11 months, no? and the property has been vacant for 1 month. So will the actual rent received be for 11 months or 10 months? In the solution it is calculated for 10 months.
latest answer
10 months.
SHAMIL SHAMSUDDHEEN
CA Inter
★ 0
2
55
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