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Direct Taxation

answered 13 hrs ago

Can i watch capital gains, ifos videos first instead of pgbp (No knowledge on pgbp )

latest answer

Ok

Sri ram Pothineni

Sri ram Pothineni

CA Inter

11K+

2

83

Residential status

Direct Taxation

answered 1 day ago

I got the answer as 211 whereas the actual answer is 213 can anyone tell me how ?

latest answer

Can you share the question

Divinne Fiona

Divinne Fiona

CA Inter

9K+

1

39

80RRB - Portion of Royalty Patents which are Deductible

Direct Taxation

asked 2 days ago

Hi sir, hope you're well. For 80QQB, the amount of deduction is net income from book patents; Gross Royalty Income - Expenses Related to such Royalty. Is this the case for 80RRB also? Or is the Gross Royalty Income directly taxed? Thanks

latest answer

No answers yet!!

Devaprasad Jothimani

Devaprasad Jothimani

CA Inter

0

0

27

80GGB and 80GGC - Contribution to Local Authority & AJP funded by Govt.

Direct Taxation

asked 2 days ago

Hi sir, hope you're well. Contribution to Local Authority & AJP funded by Govt., is not allowed as deduction u/s 80GGC. However, would such deduction be allowed u/s 80GGB if Indian company gives? Since no such provision is present in 80GGB Thanks

latest answer

No answers yet!!

Devaprasad Jothimani

Devaprasad Jothimani

CA Inter

0

0

22

Transfer pricing

Direct Taxation

asked 2 days ago

In the attached question,for omputing ebitda u/s.94b, shall we include TP adjustment or not. If I included TP, ebitda is 20.5 otherwise 18. Which is correct?

latest answer

No answers yet!!

karthick raja

karthick raja

CA Final

3K+

0

26

Normal Loss under Income From Other Sources - Carry Forward Period

Direct Taxation

answered 2 days ago

Hi sir, hope you're well. Under Income From Other Sources, carry forward period for owning and maintain racehorses is up to 4 AYs. Loss from casual income can't be setoff/ carried forward. What is the carry forward period for normal loss in this head please? Thanks

latest answer

Zero

Devaprasad Jothimani

Devaprasad Jothimani

CA Inter

0

1

26

what about additional depreciation

Direct Taxation

answered 2 days ago

additional depreciation has to be given for purchase of new machinery is that correct or not please explain

latest answer

Sir it also allowed to any assessee engaged in the business of generation or transmission of power

Angry Toshniwal

Angry Toshniwal

CA Inter

505

2

32

Section 194 Q and 206C (1)

Direct Taxation

answered on 25-Mar-24 17:25

The company made scrap sale but purchaser deduct TDS u/s 194 Q then whether the company Collect TCS or not u/s 206C (1)

latest answer

Sir now to be collect TCS or not

CA Tamil

CA Tamil

CA Final

2K+

7

56

Difference between Stake Money and Betting Gains

Direct Taxation

answered on 25-Mar-24 12:15

Hi sir, hope you're well. In your example for race horses, what is the difference between stake money and betting gains? I'm unable to understand the difference between the two. Thanks

latest answer

Stake money means the gross amount of prize money received in a horse race by the owner

Devaprasad Jothimani

Devaprasad Jothimani

CA Inter

0

2

29

CG tax for NR

Direct Taxation

answered on 25-Mar-24 12:19

First proviso to sec 48 read with rule 115 A - is this applicable to unlisted securities ?

latest answer

Yes it is applicable. But if they are paying tax @10% then they cannot claim foreign exchange fluctuation benefit.

Mansha Tutlani

Mansha Tutlani

CA Final

555

1

28

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