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Deduction under section 80JJAA

Direct Taxation

answered on 16-Sep-24 17:23

Is there deduction can be claimed by the assessee who is covered under the audit but engage in providing services.

latest answer

Okay thank you so much sir 😊

Bhavesh Bhil

Bhavesh Bhil

CA Final

37K+

2

514

Non resident

Direct Taxation

answered on 15-Sep-24 19:39

Should v calculate surcharge for non residents ?

latest answer

Yes

Lucky Ten

Lucky Ten

CA Inter

0

1

438

Buy back

Accountancy

answered on 16-Sep-24 12:52

Sir in this question we need ₹25lac for buy back. So we take ₹20lac from securities premium, ₹2lac from fresh issue and ₹3lac from revenue reserve. But question says investment sold for ₹22lac for the purpose of buy back. So where did we use this ₹22lac amt ?

latest answer

One is equity side adjustment comprising of reserves. Second is asset side adjustment - as we need money to pay to the shareholders (as pointed out by Tharun)

Ajaykumar Parit

Ajaykumar Parit

CA Inter

815

2

545

Audit of Items of Financial Statements

Auditing

answered on 04-Nov-25 11:41

Ma'am, in this chapter Audit of Items of Financial Statements, Loans and Advances and other Current Assets is not covered in Lecture? What shall I do now ma'am?

latest answer

It is available. Wil be uploaded

Kalaiarasi Sowtharman

Kalaiarasi Sowtharman

CA Inter

470

8

294

Alternative investment

CFA

answered on 15-Sep-24 17:34

Pls explain the concept SPAC I didn't understand

latest answer

SPAC

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

1

457

Basic concepts

Direct Taxation

answered on 16-Sep-24 14:06

Marginal benefit for rebate is available under both the tax regime?

latest answer

This is only in case of new regime.

Lucky Ten

Lucky Ten

CA Inter

0

6

458

Orientation program

Others

answered on 16-Sep-24 13:17

Sir / mam 1.While applying for orientation program which date of inter registration should be used either our 1st registration date or the date of conversion 2. There is no option of sep /jan month while filling the attempt that we wrote exam or going to write Could you please guide me in both the cases

latest answer

Thank you sir :)

Sowmya

Sowmya

CA Inter

45K+

2

514

How can i score good marks in auditing

Auditing

answered on 15-Sep-24 19:16

Which chapters are more important

latest answer

Cover standards on priority. Major part of syllabus is standards. All topics are important. I can help you strategise but will not suggest on selective preparation

Nandhana K s

Nandhana K s

CA Inter

0

1

556

Basic concepts

Direct Taxation

answered on 16-Sep-24 14:07

Can anyone explain this question ?

latest answer

It is based on Rule 7. Apportionment is done based on agrcilutural and non agricultural income. For computation of non agricultural income, processing cost is reduced. For computation of agricultural income, production cost is reduced.

Lucky Ten

Lucky Ten

CA Inter

0

4

471

Examples - Contingent Consideration

Financial Reporting

answered on 15-Sep-24 07:37

In both the examples, shares only being issued. Then why in the 1st example, it has been taken as equity & in 2nd example it has been taken as Liability, sir?

latest answer

Fixed number of shares - equity If number is not fixed liability

Swathi S

Swathi S

CA Final

975

1

182