Forums
Deduction from gross total income
Direct Taxation
answered on 08-May-22 16:18
How the tax liability is 119700 on 1024000
latest answer
Slab Rates
Subramanyam N
CA Inter
★ 6K+
3
499
Provision for depreciation
Accountancy
answered on 08-May-22 18:09
Why provision for depreciation is subtracted from assets in balance sheet?
latest answer
It cannot be considered as liability
Ved Bishnoi
CA Foundation
★ 150
12
702
Joint products
Costing
answered on 11-May-22 12:55
Whether loss to be apportioned on the basis of output to the joint products before allocating Joint cost if followed physical unite method? In the study material it is mentioned that it should be apportioned but in the attached question process loss of 8% is not apportioned between the joint products.
latest answer
Any normal process loss is to be absorbed by good units. Here the material and other costs is apportioned between product m and n on the basis of good units of output of each product. So the good units have automatically absorbed the process loss. No need for any separate calculation. Input 6750 units Output = 5400 M plus 810 N = 6210 units. So entire cost is absorbed only by good units.
Nivedha Balaji
CA Final
★ 9K+
3
495
Average due date
Accountancy
answered on 08-May-22 18:10
here 368000/2800 comes to 131.428.~132 then why round it off to 131. Because of this, there is a difference in the average due date and also in interest.
latest answer
Take assumption
Jitendra Kumar
CA Final
★ 41K+
4
600
MTP May 2022 - Series 1
Direct Taxation
answered on 08-May-22 22:01
Why Deduction under section 80TTB is not taken?
latest answer
Thank you so much sir for the clarification
Gowri Kamath
CA Final
★ 0
7
539
CG
Direct Taxation
answered on 08-May-22 11:24
Can anyone please send solution of this? Ans: 1,66,090
latest answer
Thank u :)
Be The Change
CA Inter
★ 11K+
4
500
Chapter VI A
Direct Taxation
answered on 08-May-22 14:17
Here why it is given as deduction is also eligible for Ms.Y daughter and Ms. Z son Generally reduction is eligible for individual himself and spouse and any children but does not includes parents as per section 80c
latest answer
Under section 80c premium paid by the assessee on life insurance policy taken on the individual and his/her spouse and his/her children (minor or major does not matter) is allowed as deduction . In this case X is the individual assessee Mrs.X - x wife Ms.Y - x' s disabled daughter Mr.Z - son of X Thus deduction in respect of all of them is allowed to the extent of prescribed percentage.
Subramanyam N
CA Inter
★ 6K+
6
616
Mcq
Auditing
answered on 08-May-22 19:08
The same question icai given as option D in icai booklet and icai also give option C as answer in nov 2019 mtp Which is crt??
latest answer
Thankyou everyone
Sathiya Bama
CA Final
★ 24K+
5
465
Security transaction tax
Direct Taxation
answered on 08-May-22 10:25
Is security transaction tax is allowed as deduction under any pgbp&cG?!
latest answer
Tq
Sajeetha R
CA Final
★ 46K+
4
407
Incorporation
Corporate & Other Laws
answered on 08-May-22 20:22
Is SPICe + be mentioned and if yes then from where as in module only this much is given
latest answer
Got it Mam
Harsh Mittal
CA Final
★ 1K+
6
429