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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
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
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
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
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
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
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
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
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
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
CA Inter
★ 0
5
53