Forums
tax
Direct Taxation
answered on 08-Jul-24 16:15
1) salary chapter transfer of motor car by employer to employee 20% dep wdv how to calculate dep if a) Co kept it for 2yr 5month b) Co kept it for 2yr 10month
latest answer
If it is traded in one stock exchange then that stock exchange is considered. If they are traded in more than one stock exchange then that stock exchange which records highest volume of trading is considered.
Sushmita Chowdhury
CA Inter
★ 2K+
4
394
Missing sec in notes
Direct Taxation
answered on 07-Jul-24 19:12
Are the sections in the 1fin book enough for preparation?
latest answer
Yes totally. Book with content covered in the class would be sufficient
Fazal K
CA Inter
★ 270
1
331
marginal relief
Direct Taxation
answered on 08-Jul-24 16:13
incl surcharge tax on 5300000 = 21526125 tax on 500lac = 18515625 excess tax payable 3010500 & income diff is 30lac then why no marginal relief ? is it tht if LTCG STCG given then marginal relief not given ?
latest answer
Already I have answered this in another forum query.
Sushmita Chowdhury
CA Inter
★ 2K+
4
352
regarding missing contents
Direct Taxation
answered on 08-Jul-24 16:09
I don't know why there are so many contents missing in the 1fin book. For example, in the chapter on capital gains, there is no mention of sections 47,46 and 50A and many. Are these sections not important, or is there an error in the book? The notes shared in the Indigo app resources also have the same missing content. Please respond.
latest answer
1FIN subject queries can be posted here We also have a WhatsApp group specifically for enrolled students. link below https://chat.whatsapp.com/GU5exeaCkhi2jp5mUuKMTW
Fazal K
CA Inter
★ 270
12
231
Regarding notes
Direct Taxation
answered on 07-Jul-24 21:27
I recently purchased the CA Inter Direct Tax class for September 2024. I'm wondering which books are recommended for preparing for the exam. Should I use the study material provided by 1FIN or the ICAI study materials? Also, where can I find the answers to the questions in the 1FIN book? Are the answers available online or in a separate book? I've attached images of the questions in the 1FIN book.
latest answer
Welcome
Fazal K
CA Inter
★ 270
14
400
Explain this
Others
answered on 07-Jul-24 13:10
In the context of captial markets what is Annualized return and Absolute return? Pls explain
latest answer
10% * 12
Dhakshana Dhakshana
CFA L2
★ 18K+
3
248
I actually confused sir
Indirect Taxation
answered on 07-Jul-24 14:26
What I do in this situation joint savings account husband and wife in good transaction turnover limit 10Lor20L or 40Lor 80L for joint savings account
latest answer
Turnover is to be considered separately for each PAN.
R G
CA Inter
★ 9K+
1
230
Joint savings account limit husband and wife limit 10L or 20L dealing in good every year exceed turnover 20L reaming in cash
Indirect Taxation
answered on 07-Jul-24 14:27
Is tax notice will come I am saying. That For transaction purpose I used savings account. If I not open current account transaction turnover limit exceed 20L everything what is the limit for husband and for good husband and wife in savings account 10Lor 20L or 40L or 80L joint savings account
latest answer
Turnover is to be considered for each PAN separately and the same to be proved when the notice comes that each person turnover is less than the threshold limit for registration.
R G
CA Inter
★ 9K+
1
210
Sir in good limit 40L but people not open
Indirect Taxation
answered on 07-Jul-24 14:32
Current ac in voluntary basic dealing in goods joint savings account husband and wife Every year turnover. Exceed 20L and remaining dealing in cash Sir what is the limit of joint savings account husband and wife kin savings account
latest answer
Limit to be considered separately for each PAN. We need to prove to the officer issuing notice.
R G
CA Inter
★ 9K+
1
225
AS 22
Accountancy
answered on 06-Jul-24 12:19
As per AS 22 , the business has loss say 100,000 RS and it is virtually certain that the company would have sufficient profit in the future. The loss can be carried forward for 8 yrs. Tax rate 40%.Why are we claiming 40000RS as deferred tax asset for the year 1?If there is a loss and we aren't paying tax for it why is it a deferred tax asset?
latest answer
Because we would save tax in future. So there is a benefit in future because of current year loss
Niveta Rajkumar
CA Inter
★ 6K+
1
388