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Diversion & Application of income

Direct Taxation

answered on 15-Apr-24 14:47

How is this taxable in hands of both parties?

latest answer

First it is income for Hari and then it is income for the institution.

Sruthi Bellamkonda

Sruthi Bellamkonda

CA Final

70

3

55

Marginal Relief

Direct Taxation

answered on 13-Apr-24 03:30

Qus No. 9 How the answer is option (c)?

latest answer

Correct

Swetha S

Swetha S

CA Inter

3K+

3

72

Income exempt from tax

Direct Taxation

answered on 13-Apr-24 03:31

Sikkimese woman marrying a non Sikkimese person before April 1 2008 is exempt or not

latest answer

Right

Lavi Lavanya

Lavi Lavanya

CA Inter

6K+

4

67

Residential status

Direct Taxation

answered on 13-Apr-24 03:31

Ans for this question ...In book it's given option b ..but how

latest answer

ROR is taxable on global income

Lavi Lavanya

Lavi Lavanya

CA Inter

6K+

3

62

Residential status

Direct Taxation

answered on 15-Apr-24 14:59

Anyone please tell me the answer for this question...X 44 years is a Indian citizen

latest answer

First Year you have to apply the concept of leaving for employment. In second year, special case will not apply since he did not come for visit but he came back permanently.

Lavi Lavanya

Lavi Lavanya

CA Inter

6K+

2

62

I need Answers With Proper Workings

Direct Taxation

answered on 15-Apr-24 14:58

Not able to solve this question

latest answer

Apply the provisions of Premium payable, percentage applicable as compared to sum assured and then decide the taxability.

Dhruvi Jain

Dhruvi Jain

CA Inter

2K+

3

52

TDS on RPF u/s 193 and tax treatment

Direct Taxation

answered on 13-Apr-24 03:33

Scenario: An Assesee worked for more than 5 years in one company and left the company and after a gap of 1 year joined another company and worked for 2 years in the next company and left the second company as well. Q1: will the TDS u/s 193 apply as he has continuous service of 5 years in the first company Q2: In case, TDS is applicable, is it only for the second company EPF amount where his service was less than 2 years please give clarity on this situation

latest answer

TDS is only in second case if there is different PF account number

John Selvaraj

John Selvaraj

CA Inter

140

1

44

Basic concepts

Direct Taxation

answered on 08-Apr-24 09:39

Sir, in this sum the total income exceeds 2 crores, here surcharge is taken as 15 %, but if the income is more than 2 cr then we have to take it as 25% sir?..why it is given like that sir?..

latest answer

Welcome.

shanthini hariharan

shanthini hariharan

CA Inter

6K+

9

79

Credit note and debit note

Direct Taxation

answered on 08-Apr-24 10:54

What is the time limit to issue credit note under GST as per the amendment( if any) ??

latest answer

Thank you sir 🙏

Code X

Code X

CA Inter

810

3

53

Surcharge

Direct Taxation

answered on 08-Apr-24 09:29

If income from other sources: 60 Lakhs Income from Capital Gains: 240 Lakhs What would be the rate of surcharge: 15% on total tax liability through both income Or 10% surcharge on other sources and 15% on capital gains?????

latest answer

Right.

Nikhil Tiwari

Nikhil Tiwari

CA Inter

15K+

4

85

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