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Letting out
Direct Taxation
answered on 22-Jul-24 19:45
If Rent from letting out of plant and machinery is in the ordinary course of business, then in which head of income does this taxed?
latest answer
If it is in the course of business then it is taxed under PGBP.
Ajaykumar Parit
CA Inter
★ 140
1
32
Difference
Direct Taxation
answered on 22-Jul-24 19:46
Difference btw slab rate and flat rate
latest answer
Flat rate means a fixed rate like 10% or 20% or 30% etc. Slab rates means the rate for individual with respect to slabs like Upto 2.5L or upto 3L etc.
Ajaykumar Parit
CA Inter
★ 140
1
34
Help Needed with Understanding Direct Taxation
Direct Taxation
answered on 22-Jul-24 19:49
Hey everyone, I've recently started diving into the world of [taxation](https://www.indigolearn.com/), and I’m particularly focused on direct taxation. While I’ve managed to grasp the basics, there are still some areas where I could use a bit of help. Could anyone explain the main differences between various types of direct taxes (like income tax, corporate tax, capital gains tax, etc.)? Also, I’m curious about how these taxes are calculated and any common deductions or exemptions that apply. Any tips, resources, or personal experiences you can share would be greatly appreciated! Thanks in advance! 😊 Cheers,
latest answer
Hi. During the course of watching videos and lectures, you would get to know the exact definition of the same.
Olivia Smith
Qualified CS
★ 0
1
59
Basic Tax Rates
Direct Taxation
answered on 22-Jul-24 19:57
Hlo anyone can please provide me the sol ! Iss ques ko hmm vaise solve ni krskte kya ?? LTCG u/s 112. 20% Other Income. Slab Rate Iss ques m other income ni h but jo amount h 480000 uska 20% ku ni hga ? Hme aise ques kb solve krna chhye koi clarify skta h ?
latest answer
Since he is resident Individual and does not have any other income then he can utilise the unexhausted basic exemption limit towards the LTCG.
Tanya
CA Inter
★ 6K+
1
32
Salary (Chapter 4)
Direct Taxation
answered on 20-Jul-24 17:34
Hii I can't find Salary chapter Notes(PDF) in class.How can I get that notes.Can any one help me out
latest answer
Check free resources notes
Karnan N
CA Inter
★ 3K+
1
65
Basic Rates
Direct Taxation
answered on 22-Jul-24 20:14
Hello Can anyone please provide the sol as per New syllabus !
latest answer
Right
Tanya
CA Inter
★ 6K+
7
82
Marginal relief
Direct Taxation
answered on 15-Jul-24 22:50
In illustration 8, why we haven't considered marginal relief option under default tax regime whereas it has been considered in normal regime?
latest answer
Got it ... Thanks 👍
Sagar Kathuria
CA Inter
★ 2K+
2
74
additional depreciation
Direct Taxation
answered on 15-Jul-24 13:42
When Asset is used for less than 180 days in a year, Then Additional is 10% + Normal Depreciation for current year AND Addition + Normal Depreciation + carry forward 10% add. depreciation
latest answer
Right.
Dwaraka Prasath
CA Inter
★ 5K+
3
64
Illustration of icai module
Direct Taxation
answered on 13-Jul-24 17:04
Illustration of icai module where did I get the solution
latest answer
In Indigolearn Agricultural income Chapter - Rule 7
Heta Ambani
CA Inter
★ 60
2
71
Salaries
Direct Taxation
answered on 15-Jul-24 13:42
Respected Shiva Sir, 1. Latest amendment on Valuation of Taxable Perquisite under rule 3(1) Rent free Accommodation no video available. 2. Latest amendment on IFOS Any Life Insurance Policy taken on or after 1.4.2023 whose aggregate premium exceed Rs. 5,00,000 p.a.
latest answer
Perfect. Same points are covered in Statutory update video posted on Indigolearn youtube channel.
Anjaneyulu Goriparthi
CA Inter
★ 6K+
3
109
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