Forums
80RRB - Portion of Royalty Patents which are Deductible
Direct Taxation
answered on 01-Apr-24 11:46
Hi sir, hope you're well. For 80QQB, the amount of deduction is net income from book patents; Gross Royalty Income - Expenses Related to such Royalty. Is this the case for 80RRB also? Or is the Gross Royalty Income directly taxed? Thanks
latest answer
Law is silent but it is same as 80QQB.
Devaprasad Jothimani
CA Inter
★ 0
1
893
Wrong Videos
Indirect Taxation
answered on 30-Mar-24 20:22
Sir, instead of illustration 8's video, illustration 4's is repeated. Please make the necessary changes.
latest answer
Will get them checked.
Amirtha Kannan
CA Inter
★ 295
1
424
80GGB and 80GGC - Contribution to Local Authority & AJP funded by Govt.
Direct Taxation
answered on 01-Apr-24 11:47
Hi sir, hope you're well. Contribution to Local Authority & AJP funded by Govt., is not allowed as deduction u/s 80GGC. However, would such deduction be allowed u/s 80GGB if Indian company gives? Since no such provision is present in 80GGB Thanks
latest answer
80GGB is applicable only when it is contributed by Company.
Devaprasad Jothimani
CA Inter
★ 0
1
372
Transfer pricing
Direct Taxation
answered on 01-Apr-24 11:47
In the attached question,for omputing ebitda u/s.94b, shall we include TP adjustment or not. If I included TP, ebitda is 20.5 otherwise 18. Which is correct?
latest answer
We will include generally.
karthick raja
CA Final
★ 3K+
1
327
Sharpe index model
AFM
answered on 26-Mar-24 11:11
Is this video link to the previous video?, and at the start of this video, there are some concepts which are not yet taught but we are directed to that topic.could you please say the video related to the previous topic?
latest answer
Sorry for inconvenience - order of videos got mixed up as we were adding a new spreadsheet - thanks for highlighting - appreciate the same - we have fixed it
Hanumanthu Rajesh
CA Final
★ 7K+
1
221
Preferred Material for Studying, Preparation and Watching Classes
Auditing
answered on 28-Mar-24 09:29
In this video, Audit of Share Capital, the contents in the pdf used by Audit Mam are entirely different from the pdf I have downloaded from the free resources section. Please clarify that which material to prefer for preparation of Exams, as I am appearing for the May-24 Examination.
latest answer
You can use. P5 Auditing and ethics
NIKIL KAROL
CA Inter
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3
207
Illustration 1of branch
Accountancy
answered on 28-Mar-24 15:26
How do we get 25,000 closing stock how did 10k and 15k come??
latest answer
Given in the question Stock - Direct purchase - 10,000 Transfer from HO -15000
Nilesh Malviya
CA Inter
★ 655
1
308
Registration
Indirect Taxation
answered on 30-Mar-24 20:28
Anyone please clarify Does aggregate turnover includes RCM or not?Will it come in compulsory registration or person not liable for registration?
latest answer
Inward supplies liable to RCM will not be included in aggregate turnover. However, person liable to pay tax under RCM is required to get compulsorily registered.
Lavi Lavanya
CA Inter
★ 6K+
2
310
As 16
Accountancy
answered on 26-Mar-24 09:44
Sir Why we r solving I'll 6 and 9 in different methods In book some other method is given and in ill6 final ans differs kindly reply as soon as possible
latest answer
Will share the approach for exams in a video
nive krish
CA Inter
★ 255
1
241
Ind AS 16
Financial Reporting
answered on 28-Mar-24 17:05
Sir, I am aware that if at all there is a change in depreciation method from WDV to SLM method we are supposed to give a prospective change in accounting estimate which is mentioned by the Standards. But what is the underlying logic of prospective change?
latest answer
Generally change in method of depreciation is due to change in estimated pattern of usage of PPE. Also it includes both components of accounting policy and estimate and it is difficult to distinguish between both. Hence treated as estimate.
Shreyas Nayak
CA Final
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1
263