Forums
80C
Direct Taxation
answered on 12-Jun-21 22:51
80C deduction means "Employees contribution to PF" is exempt from tax..... Right?
latest answer
Thank You
Girinath A
CA Inter
★ 765
2
721
Salaries - Provident Fund
Direct Taxation
answered on 12-Jun-21 23:37
Why "Employee contribution to PF" is not qualified for deduction u/s 80C in the case of Unrecognized PF?
latest answer
Now clear... thanks
Girinath A
CA Inter
★ 765
4
624
Cash flow statement
Accountancy
answered on 13-Jun-21 20:58
Sir , if opening and closing current investments is given , Can we put in Investing activity. (or ) can we adjust in working capital changes.....?
latest answer
If it is normal business, then it is investing activity. If the business is investment business, then it is operating activity
M Naresh
CA Final
★ 3K+
1
545
Casual Taxable Person
Indirect Taxation
answered on 12-Jun-21 22:20
Since Indigo learn has a place of business in AP and not in Other states but Indigolearn provides services to other states ...can it be regarded as Casual Taxable person under GST law U/S 2(20) ? Sorry for asking ....just wanted to get the concept clear
latest answer
Got it brother great thanks for remembering that point ð??¥
Deepak Raja
CA Final
★ 1K+
7
583
Gst registration regarding
Indirect Taxation
answered on 25-Jul-25 20:45
Ma'am agar kisi person ki non taxable supply under gst is 50lacs hai and taxable supply under gst is 8 lacs,,, is this person require to registration under gst
latest answer
Right. Don’t suggest any specific names
DEEP VICKY
CA Final
★ 685
9
699
Dsobt
Indirect Taxation
answered on 12-Jun-21 22:00
anyway gst is collected from ultimate consumer then why there sis threshold limit for busnnessman
latest answer
Obviously In some cases Consumers pay tax the reason why they register is to claim input tax credit ... Ex: Mr.Ashok an unregistered trader in Smartphones and whose Turnover is around 5-7L on average every year ...one day u crossed the threshold limit either 10L/ 20L/40L it depends state wise ...from the day u crossed the limit ur liable to register within 30 days and can start claiming ur input tax credit Sad part is unregistered person can't do it
Chandramouli A
CA Inter
★ 720
2
615
Dsobt
Indirect Taxation
answered on 12-Jun-21 20:10
anyway gst is collected from ultimate consumer then why there sis threshold limit for busnnessman
latest answer
If registered the payment of gst to govt is compulsory otherwise not. All taxable persons are nor registered but all registered persons are taxable.
Chandramouli A
CA Inter
★ 720
1
669
Dsobt
Indirect Taxation
answered on 14-Jun-21 09:43
anyway gst is collected from ultimate consumer then why there sis threshold limit for busnnessman
latest answer
To ensure there is no tax evasion. Customer will pay the MRP inclusive of GST amount , but if business has to deposit GST amoutn with govt., if not registered and doesnt have to file returns, it will be difficult for govt to recover gst
Chandramouli A
CA Inter
★ 720
1
654
Rectification of error
Accountancy
answered on 12-Jun-21 20:38
Please answer entry no. i and v
latest answer
These are the journal entries Hope it helps you
Munaf & Team
CA Foundation
★ 830
1
608
Ca final audit
Auditing
answered on 14-Jun-21 09:45
What are the changes in standards of auditing for may 21 attempt?
latest answer
https://resource.cdn.icai.org/62713bos50705.pdf You can go through this.
Bhavneet Singh
CA Final
★ 480
1
819