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Registration chapter
Indirect Taxation
answered on 15-Sep-23 17:19
Is interest or discount on loans are considered to find Aggregate turnover ? In Registration chapter
latest answer
Thank you Sir
Nithyashree Shivaram
CA Inter
★ 20K+
4
400
Salary Question
Direct Taxation
answered on 15-Sep-23 12:12
Mr. Karan completed his MBA in April 2022 and joined XYZ Ltd from 01.05.2022. His basic salary is ` 2,25,000 p.m. He is paid 12% of basic salary as D.A forming part of retirement benefits. He contributed 11% of his pay and D.A. towards recognized provident fund and the company contributes the same amount. Accumulated interest on provident fund as on 31.3.2023 is ` 49,325. What would be the income chargeable to tax under the head “Salaries” of Mr. Karan for the A.Y. 2023-24, if he does not opt for section 115BAC?
latest answer
Employee contribution should be ignored it is taken care in deductions and in employers contribution only limit is there for recognised provident fund upto 12% exempt
Roy Patidar
CA Inter
★ 230
5
1K+
Accounts of companies
Corporate & Other Laws
answered on 17-Sep-23 18:17
CFS exemptions Need clarity on 1st point
latest answer
Tq sir
Eswar Aakash
CMA Final
★ 57K+
2
433
Tax Audit
Direct Taxation
answered on 16-Sep-23 16:38
Notional interest expenses for borrowing arraised because of effective interest rate should be disallow in income tax..actual interest expense only allowed..but in Form 3CD which clause should we mention this disallowance of notional interest expense???
latest answer
There is no specific ICDS also which covers this kind of transaction.
sameer fahad
CA Final
★ 5K+
3
440
NEW COURSE NOTES
Others
answered on 15-Sep-23 17:48
NEW COURSE KE NOTES KAB AVAILABLE HOGE ?
latest answer
Will be available in Oct/Nov
Jiya T
CA Inter
★ 10
1
354
Departmental trading account
Accountancy
answered on 14-Sep-23 17:16
Why opening stock reserve is cr in general P/L ac???
latest answer
In Departmental accounts, Illustration 6 you can see it
Dhakshana Dhakshana
CFA L2
★ 18K+
5
440
Section 197
Accountancy
answered on 15-Sep-23 17:51
3% and 1 % of net profits formangerial remuneration plse explain me?? Remuneration payable to directors who are neither managing directors nor whole-time directors For directors who are neither managing director nor whole-time directors 1% of the net profits of the company if there is a managing director/whole-time director If there is a director who is neither a Managing director/whole-time director 3% of the net profits of the company if there is no managing director/whole-time director
latest answer
What is the doubt>
MPR Sanjay Kumar
CA Inter
★ 530
1
396
Income from Salaries Illustration 14
Direct Taxation
answered on 14-Sep-23 12:38
Isnt the question asking s to calculate income from salaries for which we have to find net taxable income? The solutions given stopped at gross salaries. Pls give clarity on this.
latest answer
Thank you for the response sir. Ill make sure i dont make this mistake from now.
Mevin Abraham
CA Inter
★ 90
2
370
Unable to hear voice from video
Others
answered on 14-Sep-23 06:06
Sir when I play the video from my course there was no audio audible from the video can you please rectify it as soon as possible
latest answer
sir now voice is clear in the video
sai t
CA Foundation
★ 2K+
4
496
Department mental accounts nov 22 qp 5 b
Accountancy
answered on 21-Sep-23 09:35
In that question why inter departmental transfer not taken even though given in question
latest answer
Not taken where? Can you share the question?
OMKAR REDDY
CA Inter
★ 6K+
1
622