TDS

asked 8 mins ago

Mrs. Kajal, the General Manager of M/s Gold Ltd. was paid a salary rs 4,50,000 per month. The above salary includes non-monetary perquisite of rs 50,000 per month. As per the terms of employment, tax on non-monetary perquisite is to be borne by M/s Gold Ltd. Mrs. Kajal’s contribution towards PPF is rs 1,50,000. What would be the amount of tax to be deducted by M/s Gold Ltd. from the salary of Mrs. Kajal if she intimated M/s Gold Ltd. to opt for provisions of section 115BAC for A.Y. 2023-24? (a) rs 13,80,427 (b) rs 15,52,980 (c) rs 12,54,936 (d) rs 13,88,970 Give explanation along with answer

latest answer

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Thasneem Banu

CA Inter

★ 7K+

0

6

Tax liability computation

answered Just now

Mr. Rishabh, aged 65 years and a resident in India, has a total income of rs 4,50,00,000, comprising long term capital gain taxable under section 112 of rs 85,00,000, long term capital gain taxable under section 112A of rs 75,00,000 and other income of Rs 2,90,00,000. What would be his tax liability for A.Y. 2023-24. Assume that Mr. Rishabh has opted for the provisions of section 115BAC. (a) rs 1,41,40,750 (b) rs 1,38,86,990 (c) rs 1,38,84,390 (d) rs 1,39,81,240

latest answer

Option A is the correct answer

Thasneem Banu

CA Inter

★ 7K+

2

10

Directors sitting fees

asked 1 hr ago

How do we treat directors sitting fees in calculation of profit u/s 198

latest answer

No answers yet!!

disha sharma

CA Inter

★ 1K+

0

13

Insurance claims

asked 4 hrs ago

Why in calculation of short sales trend not considered?

latest answer

No answers yet!!

Vasu Naidu

CA Inter

★ 0

0

24

Advance account banking chapter in financial statements topic (illustration 2)

asked 4 hrs ago

How we interest/discount earned 2297 for current year in illustration 2

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Hima vamsi Grandhisila

CA Inter

★ 23K+

0

20

Supply under gst

answered 5 hrs ago

Is this a supply or not Import of goods worth ₹55000 for personal use

latest answer

Thankyou

Kishore Ch

CA Inter

★ 3K+

6

49

Presentation of Accounts

answered 7 hrs ago

Companies prefer T format balance sheet or Vertical Balance sheet???

latest answer

For company you have to follow vertical format only. It's mandatory

Prathmesh kharul

CA Foundation

★ 1K+

1

25

Contra Entry

answered 4 hrs ago

When we withdraw money from our account and deposited same in bank will it be contra entry???

latest answer

When you withdraw money from your business and deposited in business bank account or vice versa. then it will be contra entry like... Bank ac dr To cash ac

Prathmesh kharul

CA Foundation

★ 1K+

3

30

AS-11

asked 11 hrs ago

Explain que. 3

latest answer

No answers yet!!

Rifhat Khan

CA Inter

★ 27K+

0

17

Balance Sheet

answered 7 hrs ago

For a balance Sheet in case i purchased a car for rs 50 lakh and taken a loan so balance sheet got tallied... Now the car will depriciate so asset will reduce what will be the impact on liability side???

latest answer

Profits will reduce. So capital would be lesser

Prathmesh kharul

CA Foundation

★ 1K+

1

21