Forums
Course guides
Others
answered on 02-Apr-22 20:44
I hope all of them are preparing well and just I want all of you to just go in course guides and just see notes section or any guidance if you are stuck at an point. They have drafted such unique way of note taking and it would be beneficial if you just visit those and incorporate within your preparation. Certain smart works are necessary for excelling in exams and just go through it once.
latest answer
See in menu section course guided
Sugam SM
CA Final
★ 9K+
2
408
PGBP
Direct Taxation
answered on 04-Apr-22 10:26
In excercise Q8 presumptive income u/s 44AE is given as 13,72,500. Why no deduction of depreciation and other expenditure taken?
latest answer
For your Reference - Section 44AE(3) - Any deduction allowable under the provisions of sections 30 to 38 shall be deemed to have been already given full effect to and no further deduction under those sections shall be allowed. And, if assessee is a firm, salary and interest to the partners shall be deducted from the above income as per section 40(b)
Harsh Mittal
CA Final
★ 1K+
6
487
Deduction under section 80e
Direct Taxation
answered on 02-Apr-22 15:37
Can i claim interest deduction under sec 80 e for pursuing education outside india
latest answer
It does not matter whether such education loan is taken for higher studies in India or outside India.
Mathews Johnson
ACCA Skill
★ 9K+
1
450
Against public policy (void agreement)
Corporate & Other Laws
answered on 02-Apr-22 15:59
Please explain the speculative transaction and kindly give an example.
latest answer
Understood, thanks bro
Vijay K
CA Inter
★ 9K+
3
575
PGBP depreciation
Direct Taxation
answered on 02-Apr-22 15:34
Wdv of plant and machinery is 4,20,000 on 1.4.2021. A new plant falling under same block is purchased on 1.7.2021 for 70,000. One old plant is sold on 1.8.2021 for 50,000. What will be the depreciation ?
latest answer
Thankyou
Harsh Mittal
CA Final
★ 1K+
5
485
Measure of dispersion
Maths & Stats
answered on 04-Apr-22 19:09
Guys pls working note for this question
latest answer
Okay tq
Amshini Amshini
CMA Final
★ 47K+
7
439
TDS:- Payment by e-com. Operator to e-com. Participant
Direct Taxation
answered on 04-Apr-22 12:26
Please explain what does this mean
latest answer
If e commerce participant has more than Rs.5 lakhs turnover by selling on portal, submitted PAN / Aadhar - then ecommerce operator deducts tax u/s 194O @ 1% If e commerce participant has less than or equal to Rs.5 lakhs turnover by selling on portal, submitted PAN / Aadhar - then ecommerce operator will not deduct TDS u/s 194O And no other TDS will be deducted from participant for such amounts under any other section under Income Tax for those sales of goods or services made on portal But if the same participants just advertises his product on the same operator's portal, then TDS will not be deducted u/s 194O but under other relevant TDS section of income tax act
Navya Nisha
CA Final
★ 4K+
3
499
TDS :-payment by e-com operator to e-com participant
Direct Taxation
answered on 03-Apr-22 19:33
If there is gst element in the product sold through e-commerce website, then how will be the amount payable to e-com participant calculated after considering tds and commission? Help me understand this with an example.
latest answer
For the purpose of these sections, exclude GST element
Navya Nisha
CA Final
★ 4K+
1
389
NPO interest on deposit
Accountancy
answered on 02-Apr-22 12:10
So here we get an interest on deposit of 2000 for 1 year which is actually deposited as 20000 in end of last year(31/3/19) So after we gain interest in current year i.e.,2000 we will credit it to income and exp account and shouldn't we add this to deposit and show in balance sheet as 22000?
latest answer
Interest is already received
Sugam SM
CA Final
★ 9K+
1
487
Provide me sums
Accountancy
answered on 06-Apr-22 17:13
Please provide me sums of final accounts consisting commission calculation abnormal loss calculation and claim of insurance and provision for bad debt and other tricky adjustments in one problem. I solved all questions from study mat but commission and abnormal loss adjustments were not available. If you find any sums with these adj pls share
latest answer
Ok sir
Sugam SM
CA Final
★ 9K+
5
450