Forums
Right shares
Direct Taxation
answered on 24-Sep-23 18:50
Indexation benefit is available for right shares , right ? And if part of those right shares are renounced , then indexation is given for the remaining as well or not
latest answer
If the share are not listed shares and not covered under Section 112A then Indexation benefit is allowed for every LTCG.
Samridhi Sareen
CA Inter
★ 830
2
425
Capital gain
Direct Taxation
answered on 24-Sep-23 18:57
What is the difference between ltcg 112A , ltcg 112 and stcg 111A ..how can we differentiate between these ?
latest answer
Example land and building
Samridhi Sareen
CA Inter
★ 830
16
467
45(1A) destruction or damage of capital asset
Direct Taxation
answered on 24-Sep-23 18:58
1)If written down value or asset is given and cost of acquisition is given , which is to be taken ? 2) Also we take written down value of asset then indexation cost of acquisition formula is is to be applied on it or it will be given only for the year of damage of capital asset ?
latest answer
For depreciable assets, CG is always deemed to be short term. So there is no question of indexation
Samridhi Sareen
CA Inter
★ 830
2
314
Enhanced compensation under capital gain
Direct Taxation
answered on 24-Sep-23 19:17
I'm having threequeries - a) if enhanced compensation is received eg in 24-25 then we just subtract litigation expenses out of it because cost of acquisition we have already subtracted from intial compensation , But what if another additional compensation is received eg in 26-27 , then also only litigation expenses i.e. amount we spent in legal expenses (eg of advocate etc to obtain that additional compensation) are subtracted from it ? b) are there any more expenses that are subtracted from it ? c) if we get long term capital loss from intial compensation that is received in py 23-24 and that long term capital loss can be set off as and when first instalment of additional compensation is received i.e. if additional compensation first instalment is received in py28-29 then also can we set off the long term capital loss arisen in py 23-24 from initial compensation ?
latest answer
Welcome 🤗
Samridhi Sareen
CA Inter
★ 830
3
509
Advance ITT and MCS
Others
answered on 27-Sep-23 09:07
If I misses 5 classes both in my MCS and ITT. What is the time limit till when I can register for other batches? Can I even complete the remaining lectures after 8 months? What will be the date appearing on my certificates? And can I do remaining classes in other city?
latest answer
You need to check with the branch
Himanshu Chhabra
CA Final
★ 0
1
403
Capital gains
Direct Taxation
answered on 24-Sep-23 19:00
Sec 50B slump sale Cost of acquisition calculation Net worth calculation in these question
latest answer
Kindly compute and share. We would respond whether right or not
Roshan Zameer
ACCA Professional
★ 24K+
1
397
Heads
Direct Taxation
answered on 24-Sep-23 19:00
Income from guest house chargeable under which head??
latest answer
Done ✅
SURYA S
CA Final
★ 240
4
426
ROR
Direct Taxation
answered on 24-Sep-23 20:14
1) past foreign taxed/untaxed income brought to india 2) income from agricultural land in london received there remitted to india Is remitted& brought are same ? 1st one not included in ROR 2nd one included in ROR what is the difference ?
latest answer
Hope you cleared your concept now , had it been specifically mentioned in the act ..then previous year untaxed brought to India wouldn't have taxable in the hand of ROR .. your answer may be right but explanation is not right .. don't be tooooo excited just be calm and enjoy the process of learning 👍
Sri ram Pothineni
CA Inter
★ 11K+
13
954
Guidance
Economics
answered on 24-Sep-23 17:53
Sir regarding ca intermediate economics I have started watching lectures and preparing notes from lectures and revising them in daily basis is this enough or I have to study icai module or indigolearn pdf material after completing of lectures please give some tips and guidance sir 🙏🙏
latest answer
Watch lectures, solve sums If you have a good understanding of the concepts it would be sufficient. If you feel unconfident, solve RTPs that are sufficient for economics.
Monika Monika
CA Inter
★ 2K+
2
404
COST ACCOUNTING SYSTEM ( Ch 7 )
Costing
asked on 23-Sep-23 11:26
In illus 7 , preparation of reconciliation statement if done without preparing ledger of Overheads Ctrl A/C . Then in reconciliation statement, what differences of amount would come using profit and cost records? Because, when i am preparing it , am not able to reconcile.
latest answer
No answers yet!!
Mehak K
CA Final
★ 3K+
0
450