Forums
Supply chapter
Indirect Taxation
answered on 06-Jan-24 17:09
In this video that is under section 7(2)(a) first point service from employee to employer there is no GST.Service from employer to employee even without consideration is taxable because they are related person but it should be in the course of business.When employer is giving gift to employee,it is not in the course of business ,then how that is treated as Supply. Video Details Course: Indirect Taxes - GST (I) Module: Taxable Event - Supply Section: 10.Section 7(2) - I
latest answer
When employer gives gifts he gives in the course of business only since he wants to encourage employees. However, gifts upto 50K is not taxable.
Lavi Lavanya
CA Inter
★ 6K+
2
377
Taxation
Direct Taxation
answered on 06-Jan-24 17:20
What If the taxpayers missed to file belated returns? Can I file income tax return for 2 preceeding PY? What is the provisions for that? Late fee and interest?
latest answer
Thank you all
Subash Chandrabose
CA Final
★ 32K+
3
370
New scheme
Others
answered on 04-Jan-24 13:56
Can I write grp 1 in May 2024 and group 2 in november 2024 .is that possible in new scheme.
latest answer
Yes
Aswathy NAIR S
CA Inter
★ 4K+
3
359
Immunization Query
AFM
answered on 04-Jan-24 13:03
Sir, I have experimented with the values considering the values as Y as 11%, C as 10%, and Maturity = 100 Bonds, P =10 years. Assumed that Yield change happened immediately after Investment and assumed that market price is same as that of the Instric value of coupon and maturity value discounted at yield. I have got a deviation of 0.45 paise ( did in Excel). I have understood the formula and concept of Immunity but I have not understood the logic behind why and how if we keep the invested money till Macaulay duration and Reinvest the coupon payments till Macaulay duration we can protect ourselves against the yield and reinvestment risk. Why it is only the Macaulay Period. Video Details Course: Advanced Financial Management - AFM Module: Security Valuation - Bonds Section: 24. Illustration # 2 Immunization
latest answer
Think of a zero coupon bond. It is fully immunized as the Entire cash flow comes only at the end of the tenure of the bond as there are no intermediate cash flows of principal or interest. Now think of the mathematical formula for the pricing of a coupon bond and also the formula for Mac Duration The purpose of immunization is achieved i.e change in bond price due to a change in interest rates is offset by interest cash flows and their reinvestment when duration is equal to tenure - now look at this from the mathematical formulae perspective and you will get it I did not elaborate in class because it is not required for the CA syllabus and was worried that students would find it too technical :) I shall try and make a video on this in coming days and share it on YT channel
Vanacharla Sai Pavan Kumar
CA Final
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1
362
Books
Others
answered on 04-Jan-24 12:16
If I wish to order ca inter G1 & G2 books with my foundation login , after online payment will I receive the books?
latest answer
Anyone cam order by payment
Rugved Didolkar
CA Inter
★ 2K+
3
365
Returns
Indirect Taxation
answered on 04-Jan-24 09:14
Hey anyone please explain about GSTR1, 2A,. 2B &3B
latest answer
For detailed information refer to GST notes under "Free Resources" Section - Chapter RETURNS
Pooja P
CA Inter
★ 470
3
404
Tax regime
Direct Taxation
answered on 05-Feb-24 08:06
Default or Optional tax regime is know as 115BAC Alternative is know as normal slab rate the above two statement is correct or not Video Details Course: P3A - Income Tax (New) Module: Chp 4.1 - Salaries Section: 15. S 16(ii) Entertainment Allowance & S16(iii): Professional Tax
latest answer
Correct.
Ganesh V
CA Inter
★ 0
6
490
Retrenchment compensation
Direct Taxation
answered on 06-Jan-24 17:19
the second condition of 10(10B) 5,00,000 is life time exempt or not Video Details Course: P3A - Income Tax (New) Module: Chp 4.1 - Salaries Section: 11. S.10(10B): Retrenchment compensation
latest answer
It is lifetime.
Ganesh V
CA Inter
★ 0
2
349
Gratuity
Direct Taxation
answered on 06-Jan-24 17:19
Suppose the employee worked 16years 6 months 14 days will considered as 17 years or 16 years covered under gratuity act 1972 Video Details Course: P3A - Income Tax (New) Module: Chp 4.1 - Salaries Section: 8. Illustration 2: Gratuity [S(10(10)]
latest answer
Already replied.
Ganesh V
CA Inter
★ 0
1
375
AS 16 Borrowing cost
Accountancy
answered on 04-Jan-24 09:35
Can anyone help me in explaining how the right answer in option B in the question below
latest answer
Ok now I understood thank you so much
SUBODH M JAIN
CA Final
★ 2K+
6
675