Forums
Computation of marginal relief
Direct Taxation
answered on 08-Apr-21 11:30
What is the reason for including "tax @ 100% of income in excess of Rs. 5 crore" while calculating marginal relief??
latest answer
Thank you so much
Sainisha Ramesh
CA Inter
★ 200
4
642
PGBP sec 35(2AA),(1)(ii), 35 CCC, 35 CCD
Direct Taxation
answered on 08-Apr-21 19:01
As per new amendement 150% deduction reduced to 100% for contribution to Scientific research,sec 35ccc, 35ccd. Is this amendement are effect from 01.04.2021 onwards? So if questions give such transaction for the year ended 31st march 2021, shall i ignore new amendement?
latest answer
Thank you
AKHIL KOSHY
CA Final
★ 7K+
2
662
IFHP
Direct Taxation
answered on 08-Apr-21 12:19
What will be the pre construction period in this question.Also what will be the amount of interest for that period? If possible please provide complete solution of this question
latest answer
Yes.... 1500000x10%x 258/365=106028 is preconstruction interest
Priyanka Udeshi
CFA L1
★ 14K+
9
724
Section 7(2)
Indirect Taxation
answered on 08-Apr-21 14:55
If a conveyance is sent from one state to another(distinct persons) for using it in that state, whether GST will be applicable on that?
latest answer
GST is applicable on value of goods but not on conveyance
Nivedha Balaji
CA Final
★ 9K+
4
600
Resident and Ordinarily resident
Direct Taxation
answered on 08-Apr-21 13:17
Indian Citizen/person of Indian origin having total income other than from foreign sources, exceeding 15,00,000 rupees during the previous year, He will be a resident if he stayed in India for a period of 120 days or more. He will be a Resident But Not Ordinarily Resident(RNOR) if his stay doesn't exceeded 182 days. Is that mean if he stayed in India for more than 182 he will be an ROR? OR for becoming ROR he need to satisfy both additional condition? 2 in 10 & 730 in 7
latest answer
182 days
Gayathri K V
CA Inter
★ 13K+
12
1K+
Articleship
Exams
answered on 09-Apr-21 14:17
I joined articles in August 21st 2019 and took termination in August 8th 2020 and joined in another firm in October 22nd 2020 .when is my final attempt
latest answer
Yes
Laxman kumar
CA Final
★ 4K+
9
673
Doubt
Accountancy
answered on 07-Apr-21 15:15
Why fixed asset held for sale is current asset?
latest answer
Ok thanx
Sri kanaga Varshini
CA Final
★ 3K+
2
726
Contributing towards assets
Corporate & Other Laws
answered on 07-Apr-21 11:24
In case of company limited by guarantee hear what is the meaning of contributing towards the Assets of company
latest answer
At the time of winding up, assets of the company are used to pay off debts, liabilities, expenses. So the statement simply means members in case of company limited by guarantee, will pay the undertaken amount to the company that will be added to company's assets.
Gauri Shete
CA Final
★ 5K+
1
588
Doubt
Corporate & Other Laws
answered on 07-Apr-21 11:20
Is the difference between registered office clause and domicile clause
latest answer
No difference, it's same. Domicile clause is normally used because memorandum of association just contains the name of the State where registered office will be situated.
Gauri Shete
CA Final
★ 5K+
1
588
PT test
Others
answered on 07-Apr-21 18:30
How to prepare for PT test level 1 exams?what syllabus we need to study?
latest answer
Tq sir
Maduguri Bhanu
CA Final
★ 4K+
2
670