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Direct Taxation

answered on 19-Dec-22 10:08

What is the relation in employee in Annuity concept?

latest answer

Generally, pension and annuity are used interchangeably but strictly speaking Pension - monthly amount received by an employee after retirement from his ex-employer Annuity - periodical payments received on annuity policy but such annuity is also referred to as pension. Under New Pension Scheme - employers, employees and self-employed can contribute towards NPS account and get annuity after retirement. Taxability Govt. employee - commuted pension exempt from tax Non-govt employee - If gratuity received : 1/3rd of commuted is exempt and if gratuity not received : 1/2 of commuted pension is exempt For the employees who receive pension from their ex-employer is fully taxable under the head salaries. Annuity received from insurance company on the annuity policy purchased by you - taxable under Income from other sources Pension received by the dependent of an employee, called family pension - taxable under income from other sources

Kamal Kumar

Kamal Kumar

CA Inter

7K+

9

510

Mismatched of paper 4 of CA with paper 4 of CMA

Others

answered on 17-Dec-22 12:44

Respected Sir/Madam, In my CA Foundation pack instead of CA paper 4 I found CMA paper 4 subscription so I request you to change the paper for my further pursuance of studying.

latest answer

Yes sir it change thank you so much sir

Varun Palaniappan

Varun Palaniappan

CA Foundation

15K+

4

542

Illustartion notes of AS in Advanced accounting

Others

answered on 17-Dec-22 12:35

Where can I find the illustration notes of Acccounting standards in Advanced Accounting

latest answer

Will get it checked

Kavya Suraj

Kavya Suraj

CA Inter

0

5

433

Law answer

Corporate & Other Laws

answered on 21-Jan-23 00:03

I write answer of question in my own words Will i get the marks ??

latest answer

In law, follow the pattern of ICAI's suggested answers. It is as follows: Provision Facts Conclusion

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

5

464

Geometric Mean

Maths & Stats

answered on 20-Jan-23 23:58

What is the GM for the numbers 8, 24 and 40?

latest answer

Cube root of (8, 24, 40)

Isha Khatri

Isha Khatri

CA Inter

22K+

4

887

Ca final attempt

Exams

answered on 17-Dec-22 10:29

If a student clears ca inter in nov 2022 attempt and joined in articles in February 2023,then when is he eligible to give ca final attempt?

latest answer

Nov 2025

MATURU HAMSA GAYATRI

MATURU HAMSA GAYATRI

CA Final

23K+

2

634

Study Material

Maths & Stats

answered on 17-Dec-22 08:45

Does anyone have formula of these chapter From paper -3 Chapter -1,2,4,6,14,17,18

latest answer

You can download from free resources

DHAIRYA YADAV

DHAIRYA YADAV

CA Foundation

950

3

613

Answer this please

Accountancy

answered on 17-Dec-22 11:17

I'm planning to learn redemption of pref shares before learning final accounts for companies..can I do so??is there any link between these chapters

latest answer

I did the same thing that you are planning to do. The only link between 2 chapters is the format of balance sheet as mentioned by Suraj sir. To get a grip on the balance sheet format you have to watch first few videos in final accounts of companies chapter where sir has explained only the format of balance sheet.

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

2

520

Law i did a mistake

Others

answered on 16-Dec-22 22:56

Sir or mam Sir I was written my law exam paper in that answer sheet I took additional of two papers but in the main sheet I did not mentioned about the additional sheet of the number.... did they will deduct the marks for that I forgot to do that would anyone help me what will happen for that.....

latest answer

TQ sir now clear

Balachandar S

Balachandar S

CA Inter

59K+

4

546

General

Others

answered on 18-Dec-22 19:14

Can cma(india) and acca student can learn finance modeling

latest answer

It is used to create projected statements based on how a business operates and what drives the business value - what its key financial levers are and what happens under various scenarios. A model is required for one to value entities - public, private, start-ups, etc

Bhuvan Bhaskar

Bhuvan Bhaskar

CMA Inter

2K+

3

539