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Section 57 - Deduction from IFOS

Direct Taxation

answered on 24-Apr-22 23:10

Whether for a Dividend income both the collection charges and Interest expense(Maximum of 20% of such income) can be claimed as deduction or only the interest expense can be claimed?

latest answer

Interest exp incurred to earn such income

Nivedha Balaji

Nivedha Balaji

CA Final

9K+

1

562

Production and costs long run doubt

Economics

answered on 26-Apr-22 20:02

Please explain the attached MCQ

latest answer

thank u

Harshitha Kalidindi

Harshitha Kalidindi

CA Final

51K+

4

629

IFOS

Direct Taxation

answered on 25-Apr-22 20:51

Kishans' HUF gifted a property to Kishans' son (stamp duty value of which is rs. 1,00,000) who is Member of HUF. What will be the tax implications?

latest answer

Ok thankyou Ma'am.

Harsh Mittal

Harsh Mittal

CA Final

1K+

5

688

Companies act

Corporate & Other Laws

answered on 24-Apr-22 21:31

Can any one send short notes for Section 54 and section 58 Please do this favour

latest answer

Penalty for default Company and officers in default Fine: Minimum 1 lakh Maximum 3 lakh

Mr M

Mr M

CA Final

3K+

12

648

Exam Preparation

Corporate & Other Laws

answered on 25-Apr-22 11:05

If in exam itâ??s asked about the duties of bailor, is it necessary to write the exact headings or can I write the solution point wise.

latest answer

Okay Sir

Swetha S

Swetha S

CA Inter

15K+

3

450

Bailment

Corporate & Other Laws

answered on 24-Apr-22 21:40

Whatâ??s the difference in Sec 153 & 154. Both says the same right? That No unauthorised use of goods

latest answer

Okay

Swetha S

Swetha S

CA Inter

15K+

2

508

Company Law

Corporate & Other Laws

answered on 24-Apr-22 21:52

Can anyone explain who can authenticate financial statements under 134?? I read the provision but ca someone explain it like in a flow chart ??

latest answer

Sorry for that

Nikhil Vasanth

Nikhil Vasanth

CA Final

4K+

4

470

Investment account

Accountancy

answered on 24-Apr-22 19:24

If we Receive interim Dividend (Post acquisition)have to transfer to P&L or Investment account ,if P&L then Why ? Plz Explain.

latest answer

Tq

VV shetty

VV shetty

CA Inter

5K+

5

414

GST

Indirect Taxation

answered on 24-Apr-22 21:55

Is GST 101st constitutional amendment or 122nd constitutional amendment?

latest answer

Ohh..

Nikhil Vasanth

Nikhil Vasanth

CA Final

4K+

4

529

Partnership , Valuation of goodwill illustration 11

Accountancy

answered on 26-Apr-22 15:16

Adjustments a and c. So here I didn't understand the adjustment Understood the depreciation part but why did they add. Even adjustments C so the abnormal items or loss by fire it shouldn't be considered in trading account but correctly debited to Profit and Loss account.

latest answer

Charge is always an expense. You are charged for XYZ services.

Sugam SM

Sugam SM

CA Final

9K+

9

582