Forums
80C
Direct Taxation
answered on 28-Jan-24 16:49
Can you explain the calculation of 80 C deduction in this case of insurance policy
latest answer
Chapter VIA deduction cannot be claimed from Capital gains taxable under Section 112/ 112A/ 111A and also from casual incomes. Accordingly, deduction is computed.
Visruth Vichu
CA Inter
★ 890
3
475
Basic Concepts
Direct Taxation
answered on 29-Jan-24 06:42
Under both, Mitakshara & Dayabagha HUFs, would not the wives of the two sons be eligible for share in family property.As it was discussed in lecture that under Mitakshare share of prop will split in 6 parts I e father, mother, two sons and two kids. Please advise.
latest answer
**Mitakshara System:** **Joint Family System:** - Only male members of the family are considered under the joint family setup. **Right to Property:** - Sons, grandsons, and great-grandsons acquire the right to property by birth. **Partition:** - Partition of property occurs only through shares, not physical separation. **Rights of Women:** - Women have no rights and cannot demand partition. They do not have equal rights in their husband's property. **Features:** - Considered a conservative system, emphasizing ancestral property and male lineage. **Dayabhaga System:** **Joint Family System:** - Both male and female members of the family are considered under the joint family setup. **Right to Property:** - Children don’t have a right over property by birth; it arises only after the death of their fathers. **Partition:** - Involves physical separation of property, with partitions allocated to respective owners. **Rights of Women:** - Women are provided with stridhan (women's property) along with equal rights in their husband's property. **Features:** - Considered a liberal system, allowing for equal rights and property distribution among family members. These differences highlight the contrasting approaches to family and property rights between the Mitakshara and Dayabhaga systems. **Possible Questions:** 1. How do these different systems impact inheritance laws in India? 2. What cultural or historical factors influenced the development of the Mitakshara and Dayabhaga systems? 3. Are there any contemporary debates or challenges surrounding these legal frameworks? 4. How do these systems reflect broader societal attitudes towards gender and family dynamics? 5. What implications do these differences have for individuals navigating issues of property and inheritance within joint families? 6. Are there any regional variations or adaptations of these systems in different parts of India?
Namrata Lall
CA Inter
★ 0
4
633
Cost of convertible debentures
Financial Management
answered on 29-Jan-24 13:15
Sir, why have you solved NPV in lecture 13 of chapter 4 as " PV of cash outflow -PV of cash inflow" whereas, in lecture 11 you solved NPV as "PV of cash inflow - PV of cash outflow"? What's the difference? Kindly address my issue, sir.
latest answer
Thank you sir
Srinidhi
CA Inter
★ 270
4
253
COST OF CONVERTIBLE DEBENTURES
Financial Management
answered on 29-Jan-24 11:02
Sir, why have you solved NPV in lecture no. 13 of chapter 4 as "PV of cash outflow - PV of cash inflow", whereas, in lecture 11, you solved NPV as "PV of cash inflow - PV of cash outflow"?
latest answer
Npv cashflows= inflows + tax savings - operating expeses
Srinidhi
CA Inter
★ 270
2
480
Qus No 20 QB ltd
AFM
answered on 28-Jan-24 17:43
Price using Gordon formula 233 And using Walters formula 77.78 whe there is huge difference, which one shows the correct value of share
latest answer
In practical wolrd gordon is used walter is not used at all. Diff formulae give diff results
Ramamoorthy Kaliyaperumal
CA Final
★ 3K+
1
261
ITR 4
Direct Taxation
answered on 28-Jan-24 17:57
Is a person in whose case payment or deduction of tax has been deferred on ESOP Meaning ??????
latest answer
In case of startups, tax on ESOP is deferred.
Revathy N
CA Final
★ 9K+
1
437
Solving of MCqs
Others
answered on 29-Jan-24 14:04
Do I need to solve MCqs separately for my ca inter may24 attempt or can I trust on my concept clarity
latest answer
Thanks for the same sister 😊
Nara Keerthana
CA Inter
★ 7K+
2
435
FEMA,1999
Corporate & Other Laws
asked on 28-Jan-24 00:11
Example 5 is telling that it is current account transaction.but second para after example 5 is telling that it is capital accounting transaction?
latest answer
No answers yet!!
Ujwal Reddy
CA Inter
★ 7K+
0
426
Test series
Exams
answered on 28-Jan-24 19:00
Which test series are bst in online ?
latest answer
No mention
Ujwal Reddy
CA Inter
★ 7K+
14
582
Articleship
Others
answered on 27-Jan-24 23:10
I cleared my ca inter group 1 in nov 2023 , now can I join articleship as per new scheme of ca education??
latest answer
No... should clear both the groups
Sri Hyndavi
CA Final
★ 0
1
479