Forums
Capital gains
Direct Taxation
answered on 05-May-22 20:58
Long term capital gain under sec 112A - is 1 lakh deducted in total income or it is deducted only for tax computation purpose?
latest answer
The tax rate is 10% above a threshold exemption of Rs 1 lakh. This means the long-term capital gains covered under section 112A are not taxable up to Rs 1 lakh per financial year. The gains exceeding Rs 1 lakh are liable to tax at 10% plus education cess and applicable surcharge. This means the total income includes the Income under S.112A and only for the taxation purpose the exemptions are given.
Pavithra G
CA Final
★ 780
2
444
Mentorship
Others
answered on 19-Apr-22 16:09
How to enroll in mentor ship program
latest answer
Ok sir
N K
CA Inter
★ 5
7
449
As -11 foreign exchange rate (forward contract)
Accountancy
answered on 20-Apr-22 18:23
Is my answer correct for the qn? What is the treatment for the rate of March 2018. 63 Exchange rate shall be recognised to the pand l account in the reporting period in which exchange rate changes- what is meant this ( in forward contrat) Please kindly look into this
latest answer
Thank you sir
Subash Chandrabose
CA Final
★ 32K+
2
628
Basic
Direct Taxation
answered on 19-Apr-22 11:23
What is applicability income for surcharge,rebate Whether it is gross total income or net total income And when benefit of unexhausted basic exemption limit arises i.e which income to be consider Gross or net income Please give me clarity on above
latest answer
https://www.youtube.com/watch?v=R_5sCbZ9LnU Check this
Lakki Kamu
CA Final
★ 4K+
1
452
Indian Contract Act
Corporate & Other Laws
answered on 19-Apr-22 16:25
Sec 132 Mr.A & Mr.B enters into a contract with Mr.C to undertake liability. Mr.A & Mr.B separately enters into a contract stating that each other will be liable only on the default of other. That Mr.A as Surety for Mr.B and vice versa. Mr.C is aware of the separate contract. Here,Mr.C cannot suit Mr.A is case of default as he is not a party to the contract. Am I right? Is this the provision of Sec 132
latest answer
Mam
Swetha S
CA Inter
★ 15K+
3
547
Standard costing
Costing
answered on 19-Apr-22 10:57
Is labour idle time variance always adverse?
latest answer
Yes bez of the payment which was made without work of production.
Balaji R
CA Final
★ 20K+
1
610
Mtp
Financial Management
answered on 21-Apr-22 15:49
While calculating total annual benefit ,why net saving on disposal cost is added , whether is it tax of 50%is added or net outflow 50000 is added?
latest answer
Thankyou so much sir
Sathiya Bama
CA Final
★ 24K+
4
549
GST on popcorn?and invoice?
Indirect Taxation
answered on 19-Apr-22 15:43
As gst applicable on popcorn..are cinema theatre are required to give invoice to customers??
latest answer
Thank you so much sir
vasabattula abhinav
CA Final
★ 85
6
559
Capital budgeting
Financial Management
answered on 19-Apr-22 12:41
Sir is there any video available on adjusted present value sir ... for ca inter as there is a sum in fm
latest answer
Ok sir
Pandusml V
CA Final
★ 4K+
2
450
Stretegy implementation
Strategic Management
answered on 19-Apr-22 09:18
What is the meaning of underlined sentence?
latest answer
Looking at whatâ??s happening in business environment
Sumita Shah
CA Inter
★ 2K+
1
504