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Input gst 50% scheme for nbfcs
Indirect Taxation
answered on 11-May-22 13:53
I have dounbt....as per the 50% scheme it is only possible to.claim the 50% of itc on services and capital goods brought..so the 50% will lapse as per rule 3 of itc.. My question is...is it possible to consider the lapsed portion in the cost of aquisition of goods
latest answer
Thanks sir
Jayakrishnan K J
CA Final
★ 25
2
670
194Q
Direct Taxation
answered on 09-May-22 11:20
Pls provide working notes for this mcqs
latest answer
https://youtu.be/QXdjBp-GMFE
Sajeetha R
CA Final
★ 46K+
1
582
Deduction from gross total income
Direct Taxation
answered on 09-May-22 10:05
Why short term capital gain of rupee 80000 is not deducted from gross total income while calculating adjusted gross total income
latest answer
That was meant for computing adjusted gross total income - STCG @15% is reduced , no other
Subramanyam N
CA Inter
★ 6K+
4
609
Directions from gross total income
Direct Taxation
answered on 08-May-22 22:20
Why Hanuman temple in mohalla by cheque is ignored whil computing qualifying amount i.e in qualifying amount only 40,000 is shown instead of 60,000
latest answer
Yes they are eligible
Subramanyam N
CA Inter
★ 6K+
4
650
CG
Direct Taxation
answered on 08-May-22 20:25
Can anyone please solve this for me.
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Thank you sir
Umayal Lakshmanan
CA Final
★ 6K+
2
449
Probability
Maths & Stats
answered on 09-May-22 09:34
If a fair die is thrown 2 times, let A and B be the events, â??same number each timeâ?? and â??a total score is 10 or more,â?? respectively. Determine whether or not the events A and B are independent. A. Mutually exclusive B. Independent C. Dependent D. None of the above Can someone give the correct ans with explanation? I am confused between options a and b
latest answer
Condition for event A= same number each time A ={(1,1),(2,2),(3,3),(4,4),(5,5),(6,6)} P(A) = 6/36 =1/6 Conditon for event B=total score is 10 or more B = {(4,6),(6,4),(5,5),(6,5),(5,6),(6,6)} P(B) = 6/36 = 1/6 conditon for event A and B= same number each time and total score is 10 or more (Aâ?©B)= {(5,5),(6,6)} P(Aâ?©B) =2/36=1/18 P(Aâ?©B) â? P(A)+P(B) Hence, events A and B are not independent. And also not mutually exclusive[ bcz P(Aâ?©B)â? 0} So Option C is right.
Pranaya Ramaprasad
CA Foundation
★ 0
1
536
Correlation and regression
Maths & Stats
answered on 08-May-22 17:59
Given here is the relationship between two variables, x and u where u + 3x = 10. Similarly, the relationship between the other two variables, y, and v where 2y + 5v = 25. The coefficient of y on x is 0.80. Furthermore, what will be the coefficient on v on u? Can someone pls give the detailed solution?
latest answer
This is there in ICAI SM itself. Refer attached pic.
Pranaya Ramaprasad
CA Foundation
★ 0
1
665
Deduction from gross total income
Direct Taxation
answered on 08-May-22 20:08
Which section describe deposits in public provident fund account towards loan taken from public provident fund point 6(i)
latest answer
Please clarify your query Only contribution from your income to PPF is allowed as deduction u/s 80C(2) - (iv), (v), (vi)
Subramanyam N
CA Inter
★ 6K+
1
523
Deduction from gross total income
Direct Taxation
answered on 08-May-22 16:18
How the tax liability is 119700 on 1024000
latest answer
Slab Rates
Subramanyam N
CA Inter
★ 6K+
3
516
Provision for depreciation
Accountancy
answered on 08-May-22 18:09
Why provision for depreciation is subtracted from assets in balance sheet?
latest answer
It cannot be considered as liability
Ved Bishnoi
CA Foundation
★ 150
12
737