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Chapter 1

Economics

answered on 21-Apr-23 14:58

Kindly Explain Sub part C in these question

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Thanks Nandhini U S

Prethivi Rajan

Prethivi Rajan

CA Final

9K+

3

505

DT

Direct Taxation

answered on 21-Apr-23 06:56

In this ques. Interest for yr 20-21 is not added in pre construction int...why..

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Ohk👍🏻

Rifhat Khan

Rifhat Khan

CA Inter

28K+

2

450

DT

Direct Taxation

answered on 24-Apr-23 10:45

Since house proeprty loss can be adjusted against salary head then why in this question it is carried forward..

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Sec 71(3A) states "(3A) where in respect of any AY, the net result of the computation under the head "Income from house property" is a loss and the assessee has income assessable under any other head of income, the assessee shall not be entitled to set off such loss, to the extent the amount of the loss exceeds two lakh rupees, against income under the other head."

Rifhat Khan

Rifhat Khan

CA Inter

28K+

7

463

Bonus

Accountancy

answered on 21-Apr-23 06:52

Can we use capital reserve for bonus issue?? NOTE : I M NOT ASKING ABT CAPITAL REDEMPTION RESERVES.

latest answer

Yes.

Reetikaa R

Reetikaa R

CA Final

7K+

2

441

Accounts

Accountancy

answered on 21-Apr-23 16:45

Cash Gift received The entry for same will be Cash a/c dr To name of the giver Or Cash a/c dr To income(gift)??? ???

latest answer

Ok sir

Prathmesh kharul

Prathmesh kharul

CA Foundation

3K+

2

455

Section 206C(1)

Direct Taxation

answered on 24-Apr-23 10:46

What does this section specifies and what are the goods mentioned in this section

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(i) Alcoholic Liquor for human consumption One per cent (ii) Tendu leaves Five per cent (iii) Timber obtained under a forest lease Two and one-half per cent (iv) Timber obtained by any mode other than under a forest lease Two and one-half per cent (v) Any other forest produce not being timber or tendu leaves Two and one-half per cent (vi) Scrap One per cent (vii) Minerals, being coal or lignite or iron ore One per cent:

Rifhat Khan

Rifhat Khan

CA Inter

28K+

3

432

DT

Direct Taxation

answered on 21-Apr-23 03:15

Plz explain provision for this adjustment in point 2 for bad debts

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👍🏻ohk got it

Rifhat Khan

Rifhat Khan

CA Inter

28K+

2

453

Composition

Indirect Taxation

answered on 21-Apr-23 12:11

Can composition dealer sell his goods or services through e com which is owned by him and eligible for composition dealer

latest answer

No

Addu Gill

Addu Gill

CA Inter

0

1

505

Ifos

Direct Taxation

answered on 21-Apr-23 11:44

Rental income of property held as stock in trade for 3 years goes in IFHP And Rental income in case person engage in business of letting out of property goes in business Can anyone expla

latest answer

New property of builder, is held for sale as stock but it is not sold for 3 y ears then it will be considered as house property If business is to let out houses, then such income goes into PGBP and not House property

Addu Gill

Addu Gill

CA Inter

0

1

624

MTP RTP

Others

answered on 21-Apr-23 12:42

I don't think I ve as much as time to cover RTP MTP previous year question...so how should I approach, for which should I give more priority in solving ..

latest answer

very subjective - depends on your comfort level on topic in each subject - you have to take the decision based on your preparation levels - some one lese cannot decide thsi for you

Christo Joy

Christo Joy

CA Final

8K+

3

500