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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
No answers yet!!
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
latest answer
No answers yet!!
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