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Residental status

Direct Taxation

answered on 11-Jul-21 17:21

Why non resident ( he already satisfied 120 days so his resident yes or no)

latest answer

Illustration 3

OMKAR REDDY

OMKAR REDDY

CA Inter

6K+

5

597

Horce Race.

Direct Taxation

answered on 11-Jul-21 17:30

Maintaining and Doing Business of Horse Race - Why included in Sec.56 -Income From Other Sources , It's a type of business?

latest answer

Okey.

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

6

588

IPCC

Others

answered on 11-Jul-21 16:43

Is it best option to convert from IPCC to New inter?

latest answer

Yes

Prem chand

Prem chand

CA Inter

0

1

594

Loss from winnings

Direct Taxation

answered on 11-Jul-21 17:57

Loss from winnings has no set off possible. How possible loss from winnings? Give a scenario, please.

latest answer

Yes

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

14

593

Loss -Set Off

Direct Taxation

answered on 11-Jul-21 16:35

I have share trading loss -Set off & carry forward possible?

latest answer

Ji, Income from speculation business only set off with loss from the speculative business?

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

2

623

Claiming ITC

Indirect Taxation

answered on 11-Jul-21 16:39

It's mandatory for claiming ITC - The Goods must be received by the recipient?

latest answer

Okay, thank u Ji..

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

7

625

CGST

Indirect Taxation

answered on 11-Jul-21 16:07

While apportioning CGST credit How should we apportion 1.firstly CGsT credit should use to CGsT after it should used for IGst 2 Or it can be used in any manner such as 1st using to IGSt and later for CGST ;Is there any ammendment regard this aspect

latest answer

CGST Liability to IGST Credit.

Surya Prakash

Surya Prakash

CA Final

19K+

6

592

Capital gains

Direct Taxation

answered on 11-Jul-21 19:13

Sir in case of sec 45(3) we have to take the consideration as the value recorded in the books of firm. In that case We have to compare with the SDV on the date of transfer sir? For computung capital gain or we have to take only value recorded in book irrespective of the value of SDV?

latest answer

Yes

Likhitha Sivani

Likhitha Sivani

CA Final

14K+

3

646

Additional depreciation

Direct Taxation

answered on 11-Jul-21 14:37

If we claimed half depreciation in initial year . Can we claim remaing half in next year along with such normal depreciation ?

latest answer

yes

M Naresh

M Naresh

CA Final

3K+

1

573

Additional depreciation

Direct Taxation

answered on 11-Jul-21 15:10

If we claimed half depreciation in initial year . Can we claim remaing half in next year along with such normal depreciation ?

latest answer

The remaining half can claim in succeeding years?

M Naresh

M Naresh

CA Final

3K+

4

588