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16(4)

Indirect Taxation

answered on 17-Oct-23 23:47

after amendment in time limit of availing itc, can someone please tell how point 4 of following illustration would be solved

latest answer

Credit can be claimed since the maximum time limit is 30th November following the end of FY or the date of filing annual return whichever is earlier.

disha sharma

disha sharma

CA Inter

1K+

1

523

Resident status exception in special cases 3

Direct Taxation

answered on 13-Oct-23 16:47

Sir In residential status exception part 3 When domestic sources income exceeding Rs. 15 lakhs 2 second condition more than 120 days in previous year and more365 days in 4 preceding previous year will be apply .When 60 days in previous year and 365days in preceding previous year is taken as resident or not sir . Because in your class you will take previous year 80days stay in India also resident please give clarity sir

latest answer

Yes

Anitha Raghu

Anitha Raghu

CA Inter

0

2

379

Capital gain

Direct Taxation

answered on 13-Oct-23 16:35

Can someone explain why in the hands of Mr B sec 112A is not applicable?

latest answer

Long term capital gain (112A) taxed only after deducting 100000 from the gain.so here tha gain only 10000 so there is no need no tax .☺️

Suresh Avinash

Suresh Avinash

CA Final

3K+

3

385

Capital asset

Direct Taxation

answered on 16-Oct-23 21:53

Capital asset defination excludes personal effects so, does personal effects includes costly cars and bhikes also ....

latest answer

Ohh yaa sorry. Not paintings, but like clothes or something. Car is not considered as a personal effect and thus a Capital Asset.

Sai Kiran

Sai Kiran

CA Inter

4K+

4

430

Sir please can you explain about this problem in indigo learn classes

Economics

answered on 12-Oct-23 17:53

Respected Sir, when I bought CA Foundation Dec-23 special course(yesterday) it is said they offer 28 modules and 62 hours of Business Economics classes(first photo) but when I check in my courses it is shown only for 13 modules and 26 hours(second photo) in Business Economics . So I kindly request you to explain about this.

latest answer

Thanks for the explanation sir

Saktheshvar R

Saktheshvar R

CA Foundation

0

2

480

Return

Indirect Taxation

answered on 18-Oct-23 07:43

What is 88C? (Latest Amendments in November 23 Exam)

latest answer

Thanks u so much sir....

Santhoshini N

Santhoshini N

CA Inter

0

2

455

Amalgamation sum

Accountancy

answered on 18-Oct-23 14:10

Pc calculation didn't understand and also sundry asset is given as 100000 but sundry asset is not in trial balance

latest answer

All

Revathy N

Revathy N

CA Final

9K+

4

514

Time of Supply

Indirect Taxation

answered on 17-Oct-23 23:46

Sec12(2)(b) should not be used when there is advance payment right sir. Can it be used if there is no advance payment or shouldn't it be used at all?

latest answer

Yes right.

Kriti Iyer

Kriti Iyer

CA Inter

3K+

3

420

Transitional period

Corporate & Other Laws

answered on 14-Oct-23 17:29

How to understand this provision....is it 3 years or within the first AGM

latest answer

Okay, thanks mam!!

Shaviri Reddy

Shaviri Reddy

CA Inter

1K+

6

484

Auditing standard 330

Auditing

answered on 12-Oct-23 12:51

Is it available for new syllabus or not? And in new syllabus classes not provided standards of 210,220,230,240,250,299 What I should I read iam fully confused Or I can refer old class? Pls help me

latest answer

Ok tq soo much sir I am worried about it

Shivashankar Jawai

Shivashankar Jawai

CA Inter

2K+

6

389