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Sections is essential

Corporate & Other Laws

answered on 26-Jul-23 12:00

Is that Sections are necessary to remember and mention in the exam. In case if I am not mentioning the sections but my answer are correct . The examiner will reduce any marks

latest answer

If you are 100% sure about section numbers state it else don't...

Santhosh S

Santhosh S

CA Inter

★ 355

4

474

Residential status

Direct Taxation

answered on 30-Jul-23 20:45

What might be the 5 th answer?

latest answer

None of the above since it is not income of the current year. Past untaxed income brought to India during the previous year is not taxable.

Ujwal Reddy

Ujwal Reddy

CA Inter

★ 7K+

8

648

Books

Exams

answered on 25-Jul-23 18:45

Sir, there is no link to apply for books for group two under new scheme .. When will I be able to do the same ?

latest answer

You can use soft copy notes

SANSKRITI BADRI 2111339

SANSKRITI BADRI 2111339

CA Final

★ 4K+

2

600

Expenses on maintenance of garden attached with house

Direct Taxation

answered on 26-Jul-23 10:38

Is the above expense taxable in the hands of the employee? Rent free furnished accomodation is provided by the employer.

latest answer

Thank you ma'am

Sucheta Ghosh

Sucheta Ghosh

CA Inter

★ 0

5

507

Arrear allowance

Direct Taxation

answered on 25-Jul-23 12:37

Is arrear allowance for earlier years taxable in PY?

latest answer

Thank you Sir

Sucheta Ghosh

Sucheta Ghosh

CA Inter

★ 0

2

566

Education bill of children of a govt employee

Direct Taxation

answered on 27-Jul-23 15:41

"Education bill of children of a govt employee reimbursed by employer Rs. 800" In book solution, it is given taxable. Why can't we say that it is a perquiste in respect of education facilty to children of employee under Rule 3(5) and the amount would be exempted as it is less than 1000 per month per child?

latest answer

1000 limit will apply only in case where employer himself is providing facility and not in case of reimbursement.

Sucheta Ghosh

Sucheta Ghosh

CA Inter

★ 0

4

532

Transport facility to an employee of a transport co

Direct Taxation

answered on 27-Jul-23 15:41

Is "Transport facility provided to an employee of a transport company, market value of which is 8000" (A) taxable or exempted? (B) will the answer be affected if the employee is a specified employee or not?

latest answer

Kindly share the screenshot of the same

Sucheta Ghosh

Sucheta Ghosh

CA Inter

★ 0

4

536

Transport facility

Direct Taxation

answered on 26-Jul-23 11:43

Is "Transport facility from office to home worth 6000" given to an employee of a company (a) perquisite or allowance? (b) taxable or exempted?

latest answer

So its allowance and taxable

Sucheta Ghosh

Sucheta Ghosh

CA Inter

★ 0

3

586

LTC a perquisite?

Direct Taxation

answered on 25-Jul-23 15:17

Leave travel concession is a perquisite or allowance?

latest answer

Thank you

Sucheta Ghosh

Sucheta Ghosh

CA Inter

★ 0

2

549

ITC

Indirect Taxation

answered on 26-Jul-23 00:01

If I purchase a vehicle which has seating capacity of 6 members can I claim ITC if I used to transport passengers as my business??

latest answer

Yes u can claim

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

★ 18K+

3

609