Forums
Sec 54
Direct Taxation
answered on 11-Nov-21 11:40
Can we claim deduction on something that occurred after 31st March of PY?
latest answer
Ohh.. Thank you
Christeena Ambel
CA Inter
★ 5K+
2
555
ITC utilisation
Indirect Taxation
answered on 12-Nov-21 20:54
Can any one explain is there any amendments relating to order of utilisation of ITC ? If yes please small example.
latest answer
Thank you sir
Kumar G
CA Final
★ 12K+
4
767
Amalgamtion
Accountancy
answered on 10-Nov-21 21:26
In selling company books cash account balance figure is transferred to realisation account ,if the cash also take over by purchasing company And If cash was not taken over by purchasing company Then bal.fig of cash account transferred to equity holder accunt Am I write? Please help me
latest answer
Yes it was right
venkatesh sundharamoorthy
CA Final
★ 34K+
2
511
Composite supply
Indirect Taxation
answered on 13-Nov-21 07:36
Sir, 3 taxable supply+1 exempt supply: in this situation, composite supply norms applicable or not?? Is it mandatory for all supplies to be taxable if the composite supply rules are to apply????
latest answer
Thank u sir. Sir if any exempt supply included, then what provision should we apply??
Bismi Hameed
CA Inter
★ 7K+
2
575
Shares
Direct Taxation
answered on 11-Nov-21 13:05
Can somebody please explain to me Why these 2 points are contradicting?
latest answer
The above amendment is applicable only for listed companies for which STT was paid. For all unlisted companies - if bonus shares acquired after 01-04-2001, COA is Nil.
Christeena Ambel
CA Inter
★ 5K+
5
642
Marginal costing
Costing
answered on 10-Nov-21 18:21
How the calculation was made for cogs
latest answer
Ques for this
manikanta tirumani
CA Inter
★ 0
1
539
Shares
Direct Taxation
answered on 11-Nov-21 10:41
If i am into stock market and i am continuously buying and selling shares (always hold for <12m) Under which head my income is taxable? STCG or PGBP? Will share trading be taxable under PGBP?
latest answer
Usually, if the income from sales of shares is earned by a person at regular intervals it should be treated as business income. If the intention of the assessee is for investment, it is treated as capital gains. it depends upon the tax payer or the assessee to reflect its income by giving proper justification of the same.
Christeena Ambel
CA Inter
★ 5K+
2
496
Exam
Others
answered on 13-Nov-21 10:30
Sir in exam can we use colour pens for heading and subheadings or for highlighting any points??
latest answer
OK broThank you
sai t
CA Foundation
★ 2K+
4
532
Measures of central tendency
Maths & Stats
answered on 11-Nov-21 23:53
What is the mean of linear relationship?
latest answer
A linear relationship is a statistical term used to describe a straight line relationship between two variable. Linear relationship can be expressed either in a graphical format or as a mathematical equation of the form Y = a + bx
Rakesh Shah
CA Final
★ 5K+
1
516
notes
Direct Taxation
answered on 10-Nov-21 17:10
where's the notes for aggregation of income ,couldn't find in notes section
latest answer
It is part of Set off and carry forward of losses. And Section 68,69,69A, 69B, 69C (Undisclosed income) is covered in basic concepts.
Vamsi Krishna
CA Inter
★ 121K+
1
501