Forums
Sec 115BBE
Direct Taxation
answered on 20-Sep-23 14:43
Mr Mahesh is found to be the owner of 2 gold chain of 50 gms each (value of which is 145000 each) during the FY which are not recorded in his books of account and could not offer satisfactory explanation for the amt spent on acquiring these gold chains. The tax liability will be
latest answer
63800 is retained income
Shruti Ganpati
CA Inter
★ 255
3
1K+
Liquidation of companies
Accountancy
answered on 20-Sep-23 17:43
Is, secretary salary a preferential creditors? If yes, to what extent?
latest answer
Thank you guys 😇
Ashfaq Ahmed
CA Inter
★ 3K+
3
368
Aggregate turnover for registration purpose
Indirect Taxation
answered on 24-Sep-23 19:19
Do we need to consider the "exempt supply" for Aggregate Turnover computation, if the supplier is wholly engaged in exempted supplies who is not operating special category states?
latest answer
As per Sec 23, if person is engaged exclusively in exempt supplies then registration is not required
Chandu vadla
CA Final
★ 11K+
4
397
Taxation
Direct Taxation
answered on 20-Sep-23 14:23
Mr Raman aged 64 years was not able to provide satisfactory explanation to the assessing officer for the investments of 700000 not recorded in the books of the accounts. What is the tax payable amount as per section 69?
latest answer
As per section 115BBE RATE For section 68 to 69D is 78%(60+25+4)
Shruti Ganpati
CA Inter
★ 255
2
1K+
Excess refund
Direct Taxation
answered on 28-Sep-23 20:05
Under which sub schedule of income tax we need to repay the excess refund
latest answer
Yes. Since it is self assessed by Assessee.
Nivas Reddy
CA Final
★ 385
4
391
Mcq
Direct Taxation
answered on 20-Sep-23 14:00
What is the tax payable as per section 69
latest answer
See this
Shruti Ganpati
CA Inter
★ 255
4
446
Basic concepts
Direct Taxation
answered on 02-Oct-23 00:59
The total tax payable by Dharma LLP on total income of ₹10100000 is _______
latest answer
Yes. Right
Shruti Ganpati
CA Inter
★ 255
15
792
Notes example
Corporate & Other Laws
answered on 22-Sep-23 09:25
Here the co. Is eligible thus it will be public co . Then 35% will be applicable right? Why here 100 percent is taken plzz explain
latest answer
lets say for example you have 1000 rupees and what is the utmost maximum amount you can spend it is thousand right? The limit is 1000 so in the same way, what is the utmost thing the company is liable, 100% only know.
Rifhat Khan
CA Inter
★ 28K+
1
455
MTP
Corporate & Other Laws
answered on 21-Sep-23 23:25
In this que. Can we write answer as per negotiable instrument act..that the note will be due on next succeeding day bcz of Holiday
latest answer
Ohk thanks
Rifhat Khan
CA Inter
★ 28K+
2
445
Ratio Analysis
Financial Management
answered on 20-Sep-23 09:04
In Turnover Ratios in numerator for which we have to take sales and which have to take COGS for calc Turnover ratios
latest answer
COGS, If they mentioned to do with sales then we should calculate with that sales
Vignesh .Y
CA Final
★ 440
1
338