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Section 234F video
Direct Taxation
answered on 16-Jun-21 12:44
The flowchart in video relating to 234 F states the fee payable is 10000 if return filed on or before Dec 31 of AY and not 5000. But the explanation in the video was the reverse, which seems to be correct as per the section 234F. Please check the flow chart and confirm the same
latest answer
Sec.234 F is a penalty/fee for delay in filing Income Tax Return. The due date of filing an Income Tax Return is 31st July normally. (non-audit) As per section 234F, Late is charged up to December 31st is Rs.1000 for a person have a total income up to Rs.5 Lakhs and Rs.5000 for persons who have a total income of more than Rs.5 Lakh. And After 31st December Late Fee u/s 234F remains constant of Rs.1000 for the person having total income up to Rs.5 Lakhs and 5000 is replaced to 10000 for the person having income more than Rs.5 Lakhs.
John Selvaraj
CA Inter
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Accounting standards
Accountancy
answered on 16-Jun-21 11:10
3 Last question in As 4 ( question illustration 6,7) As 5(question : illustration 6 ,7,8) As 29 ( question: illustration 12,13) Where is questions taken from where we can take the print send link or each standard 2018 questions paper no question like this 2019 , 2020 Please help me
latest answer
All the previous year question papers, RTPs, MTPs and suggested answers are available in "Free notes + resources" in IL app. You can go through them.
Sultana Sultana
CA Inter
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Requesting Revision Sessions
Others
answered on 15-Jun-21 16:02
Can you provide Rapid Revision Sessions for other subjects?(like SM)
latest answer
Such sessions are available on our You Tube channel for most of the subjects
Paidala Harish
CA Final
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Additional question bank
Maths & Stats
answered on 15-Jun-21 16:43
What is the possibility of questions being asked from the additional questions segment for the exams? Especially paper 3. Because there are a lot of additional mcq's. Mastering all the exercise problems and example sums is enough?
latest answer
Ok. Thank you
Sibi Srinivasan
CA Final
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Supply
Indirect Taxation
answered on 19-Jun-21 23:25
Doubt
latest answer
Ok tq very much
Aswini Gorige
CA Inter
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14
1K+
Supply
Indirect Taxation
answered on 15-Jun-21 15:38
Service of Alcohol liquor licence fee against consideration is taxable under rcm or not
latest answer
Service of granting licence for supply of alcoholic liquor is neither considered as supply of goods or supply of service... so it is not taxable at alll
Aswini Gorige
CA Inter
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3
636
Advanced Taxation module available?
Direct Taxation
answered on 15-Jun-21 14:09
Is there any additional modules in IL on Direct Taxation other than the intermediate level course, which will have more case laws and more solved complex problems?
latest answer
No
John Selvaraj
CA Inter
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1
614
Supply
Indirect Taxation
answered on 15-Jun-21 15:16
Icai study material question num 12 Doubt regarding difference between mixed supply and more than 1 supply made together and taxed at individual rates
latest answer
Tq very much mam
Aswini Gorige
CA Inter
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Investment decisions
Financial Management
answered on 16-Jun-21 16:28
Sir, In case of npv whether working capital is added to PVCI? . It is added to PVCO but I want to know whether it is added to PVCI.
latest answer
OK sir. I try it sir. Thank you
Miradevi S
CA Final
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4
607
underwriters commission
Auditing
answered on 15-Jun-21 19:45
All shares are subscribed by the public (100@â?¹10each) in this case what is the underwriter commission
latest answer
Underwriter commission is paid on number of shares went through underwriter multiplied by issue price multiplied by percentage.
Elavarasi B
CA Inter
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1
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