Forums
Letting out
Direct Taxation
answered on 22-Jul-24 19:45
If Rent from letting out of plant and machinery is in the ordinary course of business, then in which head of income does this taxed?
latest answer
If it is in the course of business then it is taxed under PGBP.
Ajaykumar Parit
CA Inter
★ 815
1
280
REAL VALUE VS NOMINAL VALUE
AFM
answered on 22-Jul-24 19:37
Could You please Tell me the Meaning of REAL VALUE & NOMINAL VALUE in an One Word ( Just to Remember the difference Quick )
latest answer
Nominal is price change and volume change real is only volume change
naresh chandran
CA Final
★ 3K+
1
256
Difference
Direct Taxation
answered on 22-Jul-24 19:46
Difference btw slab rate and flat rate
latest answer
Flat rate means a fixed rate like 10% or 20% or 30% etc. Slab rates means the rate for individual with respect to slabs like Upto 2.5L or upto 3L etc.
Ajaykumar Parit
CA Inter
★ 815
1
304
Purchasing asset for CSR project
Corporate & Other Laws
answered on 23-Jul-24 15:18
1. Company can purchase asset of its own company for CSR activities? 2. Is there any increase of sales of own company by purchasing asset of own company?
latest answer
There is no restriction in law against purchase of own asset for CSR. In such case the company will have to write it off from its own books as it is being used for CSR.
Shivashankar Jawai
CA Inter
★ 2K+
3
304
ILLUSTRATIONS
Financial Reporting
answered on 22-Jul-24 18:00
DEAR TEAM WHERE WILL I FIND THE ANSWERS TO THE ILLUSTRATIONS PROVIDED IN 1FIN STUDY MATERIAL
latest answer
Resources
naresh chandran
CA Final
★ 3K+
1
155
SA 210
Auditing
answered on 23-Jul-24 17:59
Mam you have explained that engagement letter is given by auditor to management , then how come in this RTP engagement letter is provided by management to those joint auditors
latest answer
Thank you mam!!
Srivarshini Nallamaddi
CA Inter
★ 0
3
306
Confusion that how to start CA FINAL Preparation
Exams
answered on 22-Jul-24 15:10
i am recently completed my ca inter in may 2024 and now i am very confused with how to start for preparation of ca final and which order of subject to start the preparation . pls anyone clarify / illustrate how to start ?
latest answer
First complete adv itt and gmcs classes and online modules. Then start grp 1 preperation after completing grp 1 perfectly go with grp 2
DHARSHAN MS
CA Inter
★ 7K+
2
426
Help Needed with Understanding Direct Taxation
Direct Taxation
answered on 22-Jul-24 19:49
Hey everyone, I've recently started diving into the world of [taxation](https://www.indigolearn.com/), and I’m particularly focused on direct taxation. While I’ve managed to grasp the basics, there are still some areas where I could use a bit of help. Could anyone explain the main differences between various types of direct taxes (like income tax, corporate tax, capital gains tax, etc.)? Also, I’m curious about how these taxes are calculated and any common deductions or exemptions that apply. Any tips, resources, or personal experiences you can share would be greatly appreciated! Thanks in advance! 😊 Cheers,
latest answer
Hi. During the course of watching videos and lectures, you would get to know the exact definition of the same.
Olivia Smith
Qualified CS
★ 0
1
354
AS 13 Accounting for investment
Accountancy
answered on 23-Jul-24 11:20
What does the 3400 in the credit side indicate?
latest answer
Thank you very much
Sujitha M
CA Inter
★ 1K+
2
285
As 13 accounting for investment
Accountancy
answered on 22-Jul-24 12:45
Why is the sale of right issue not subscribed deducted from the cost of investment. Shouldn't it be charged to the profit and loss account as an income?
latest answer
Ok sir thank you very much
Sujitha M
CA Inter
★ 1K+
2
327