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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
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
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
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
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
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
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
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 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
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
CA Final
★ 555
1
28