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Capital gains
Direct Taxation
answered on 10-May-23 13:59
As per the provisons actual sale consideration shall be take as value of consideration if the sdv value does nit exceed the 110% of actual consideration. In this que actual consideration is 80L and sdv value is 90L.(80L*110%=88L.)Hence sdv value does not exceed the 88L then value of consideration should be the value 80L know.
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The material may not be an updated one.
Ujwal Reddy
CA Inter
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445
ITC
Indirect Taxation
answered on 10-May-23 09:50
In que. 13 itc on capital goods is available but in que.14 it is not why... explain
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In question 13 , supplier is exclusively dealing in exempt supply and it gets withdrawn . Hence , ITC on Capital Goods is available (*subject to 5% reduction per quarter or part thereof ) And in question 14, Supplier is not exclusively dealing in exempt SOG , hence Capital Goods ITC is not allowed. Hope it helps !
Rifhat Khan
CA Inter
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459
Charge
Indirect Taxation
answered on 10-May-23 08:10
As I’ve underlined , it says that tax is percent of turnover in a state or UT.. however in the para below , it says that the turnover in state includes taxable as well as exempt supplies …how can it be exempt supplies ? Isn’t turnover from exempt supplies not taxable ?
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👍
SANSKRITI BADRI 2111339
CA Final
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Tax
Exams
asked on 10-May-23 07:42
All the best guy's
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No answers yet!!
Anand Sankaran
CA Inter
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484
Registration
Indirect Taxation
answered on 10-May-23 08:22
If a person making supply of g & s in tn 19L and Tripura taxable supply of G 9L Whether he is liable to registered in TN alone or Both
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thanks sir
Ganesh U
CA Final
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417
Preference share capital.
Corporate & Other Laws
answered on 10-May-23 07:30
Sir what it is saying in the point (iii)a&b
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Dividends are paid first to Preference Shares. At the time of liquidation, amount is first paid to preference shares and then to equity shareholders.
Divya K
CA Inter
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411
Dividends
Corporate & Other Laws
answered on 10-May-23 07:17
What is an interim dividend and diff between interim vs normal dividend...
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Final dividend is declared at AGM. Interim dividend is any other dividend declared between two AGMs. This is declared by BOD.
Deepa
CA Inter
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427
Sez
Direct Taxation
answered on 10-May-23 07:20
Can u pls explain how to do
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Excluding DTA
Reetikaa R
CA Final
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467
Salaries
Direct Taxation
answered on 10-May-23 08:34
Can someone explain point 2
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Thank u
SANSKRITI BADRI 2111339
CA Final
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469
Salaries
Direct Taxation
answered on 10-May-23 07:24
For stranger of movable assets value of perquisite is depreciated value .. it says that dep shall be provided for completed years of usage .. supposed it has been used for less than or more than 6 months but less than 12, the whole year will be ignored right
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Completed means - it has to be used for full year.
SANSKRITI BADRI 2111339
CA Final
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