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person of indian origin

Direct Taxation

asked 1 day ago

is it -he or his parents or his grand parents should be born in undivided India (OR) Every one should be born in undivided India to be a person of indian origin?

latest answer

No answers yet!!

Ajay Kumar

Ajay Kumar

CA Foundation

0

0

2

Additional conditions

Direct Taxation

answered 1 day ago

For the (c) qtion - is it Resident or Resident and ordinarily resident - if the TI (other than FI) is >15lacs.

latest answer

I got the answer in next video sir. Thank you.

Ajay Kumar

Ajay Kumar

CA Foundation

0

1

13

BUSINESS CONNECTION IN INDIA

Direct Taxation

answered 2 days ago

SIR, i didnt fully understand the point of habitually securing orders in india in the topic busniess connection in india could you please explain it with an example

latest answer

If there is an agent in India who is securing orders on behalf of non resident then we say that Non resident is having business connection in India.

Sandeep

Sandeep

CA Inter

50

1

17

HRA

Direct Taxation

answered 2 days ago

Sir , if HRA amt is given but house is in metro is not given in the question then can we make assumption like it is in metro or not ( or ) simply follow that it is not in metro ?

latest answer

We will assume that it is not metro.

Nagachaitanya

Nagachaitanya

CA Inter

3K+

3

21

If in the question it is NOT MENTIONED whether the employer is registered under optional or default tax regime…do we consider that he is registered under optional tax regime.

Direct Taxation

answered on 06-Feb-25 15:42

If in the question it is NOT MENTIONED whether the employer is registered under optional or default tax regime…do we consider that he is registered under optional tax regime.

latest answer

If nothing is mentiond in the question you can made assumption and solve.

Dova Shaji

Dova Shaji

CA Inter

0

1

19

Professional tax

Direct Taxation

answered on 06-Feb-25 10:44

Sir, if the professional tax is paid by employer it is taken as a part of gross salary and then taken as deduction. Is step 1 common for both regimes and step 2 i.e deduction is only available for out of default tax regime ?

latest answer

Old regime available. New regime not available.

Nagachaitanya

Nagachaitanya

CA Inter

3K+

1

16

section 112

Direct Taxation

answered 1 day ago

Tax rate for 112 is 12.5% or 20%/

latest answer

Thank you sir

Ajay Kumar

Ajay Kumar

CA Foundation

0

2

14

Basic concepts - illustration 3

Direct Taxation

answered 1 day ago

In the qtion there is nothing specified about DEFAULT or OPTIONAL tax regime. My doubt is that whether i have to assume that it is OPTIONAL tax regime since age is given or i have to give answer for both the tax regime.

latest answer

ok sir. Thank you.

Ajay Kumar

Ajay Kumar

CA Foundation

0

2

13

Tds 194 C

Direct Taxation

answered 2 days ago

I have one small doubt in understanding 194 c and applicability of tds For Ex: We Pay Trans 1: 25,000, Trans 2: 20,000 and Trans 3: 35000 In transaction like this did we need to deduct on Only 35000 in Transaction 3 Or whole transactions Retrospectively

latest answer

Since aggregate does not exceed 1L, TDS would apply only on 35,000

Sairam Reddy

Sairam Reddy

CA Final

10K+

3

31

Tax rate regime

Direct Taxation

answered on 05-Feb-25 05:07

For May 2025 exam, should we need to study new tax rate regime amendment on February 1 2025 or not?

latest answer

No

Mugesh Annadurai

Mugesh Annadurai

CA Inter

0

5

53


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