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Deductions u/s 35 AD

Direct Taxation

answered on 31-Oct-21 09:25

Where in respect of any asset on which deduction u/s 35 AD has been availed and such asset is destroyed or transferred within a period of 8 years,then is it necessary to reverse the deduction? Am asking a case where such asset is not used for any other purpose other than 35 AD business after such transfer?

latest answer

Suppose in 2019-20, assessee claimed 100 percent deduction under 35AD. In 2020-21, asset was transferred. In this case, income is Deduction allowed less depreciation pertaining to 2019-20 for that asset assuming 35AD is not applicable.

Bhaghya Rajesh

Bhaghya Rajesh

CA Inter

910

3

249

Equations

Maths & Stats

answered on 30-Oct-21 20:15

Are both the options correct?

latest answer

When you put root then the resultant answer will be +/-. So in the given question the answer will be +/-1

Yug Bhattad

Yug Bhattad

CA Final

54K+

4

234

Logarithms

Maths & Stats

answered on 31-Oct-21 08:04

Help solving this question.

latest answer

The multiplied the numerator and denominator by 7 + 4 x square root 3. If you multiply and divide by same term you are multiplying by 1

Kumari Sheetal

Kumari Sheetal

CA Foundation

280

2

252

Material cost

Costing

answered on 01-Nov-21 07:51

Why is the rate taken as 5.75 and 6.10 respectively in each case?..

latest answer

Assumed that 17th Sep issue iis returned.

Pushkala S

Pushkala S

CA Inter

3K+

1

240

Reconciliation of cost accounting with financial records

Costing

answered on 30-Oct-21 18:30

How to calculate adminstration expenses how comes 124000

latest answer

Administrative overheads is recovered at Rs. 6 per unit of production. Total sales are 120000 units and closing stock is 4000 units So, total production units are 124000

Raashi 14

Raashi 14

CMA Inter

330

3

280

AS 7

Accountancy

answered on 30-Oct-21 17:58

Why full loss not recognised

latest answer

Thank u so much sir

Christeena Ambel

Christeena Ambel

CA Inter

5K+

11

225

Incidence of tax

Direct Taxation

answered on 30-Oct-21 16:59

How mr.A is not a resident ??

latest answer

Can you keep attachment of the question.

Kalash Ojha

Kalash Ojha

CA Inter

465

3

227

Bank account profit and loss accunt

Accountancy

answered on 30-Oct-21 17:55

Why interest accrued on investment ,not taken into profit and loss Accounts i.e in schedule 13( why it was included only in other asset)

latest answer

Ohhww.. Thank uu soo much

venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Final

34K+

13

206

Company act

Corporate & Other Laws

answered on 01-Nov-21 06:53

As per 8th topic only those company which have been registerd before company act,2013 is allowed 7th topic?

latest answer

Company may adopt model articles with modifications.

Sumita Shah

Sumita Shah

CA Inter

2K+

1

211

Ratio and proprtion

Maths & Stats

answered on 01-Nov-21 06:55

Please answer with explanation

latest answer

Pls attempt on own first

Nikil Jain

Nikil Jain

CA Inter

430

1

279

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