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44AB Applicability.
Direct Taxation
answered on 30-May-21 19:05
Suggestion needed to the below scenario. If an assesee have gross receipts for performing educational services up to Rs.80 lakhs per year. These services are also exempt from GST. His services do not come under Sec.44AA(1). In this case Tax Audit u/s 44AB applicable? Or he can opt for Sec.44AD up to gross receipt of Rs.2 Crore per year?
latest answer
Up to 2 Crore, no audit required u/s 44AB.
Balamurali Unnithan M S
CA Inter
★ 3K+
4
863
GST Registeration
Indirect Taxation
answered on 29-May-21 16:41
Person of have exempted goods/services. It's crossing the threshold limit of Rs.40 lakhs and 20 lakhs respectively. In this condition, GST registration is mandatory.
latest answer
YEs
Balamurali Unnithan M S
CA Inter
★ 3K+
1
768
Custom topic
Indirect Taxation
answered on 03-Jun-21 21:32
Plz solve to send me
latest answer
Thank you sir
Chandni Singh
CMA Final
★ 0
7
1K+
Rectification of error
Accountancy
answered on 31-May-21 11:17
A bad debt of 1,560 had not been written off and provision for doubtful debts should have been maintained at 10% of Trade receivables which are shown in the trial balance at 23,390 with a credit provision for bad debts at â?¹2,320. Plz explain.
latest answer
Will not be postponed until the institute takes a call.
Gopal Garg
CFA L1
★ 5K+
3
5K+
Service costing ( illustration 5 icai)
Costing
answered on 31-May-21 14:12
Sir while calculating Simple average basis we are considering distance of kilometre carrying zero tonnes but in qualitative factor why we are not considering it . That is they have taken only 6 weights thereby divided with 6 .Actually why they don't count the zero and why not divided with seven.
latest answer
Where have they divided by 6? They have considered the last trip for distance as 300x2 trips includes the last part from C to A and for weight if they consider the last part of trip multiplied by 0ton it would be zero
Naresh M
CA Final
★ 75
2
724
Difference between divisional and matrix structure
Strategic Management
answered on 29-May-21 11:23
What is the exact Difference between divisional and matrix structure???
latest answer
Thanks sir
Sai Teja
CA Final
★ 14K+
2
640
40(a((3)
Direct Taxation
answered on 29-May-21 17:54
As per the section, with the below scenario, 40(a)(3) applicable? Assesee have a purchase of Rs.13000 with a single bill, he makes payments by cash Rs.9000 and Rs.4000 between two days not do in a single day. In this scenario Sec.40(a)(3) applicable?
latest answer
Any rule/section/provision of law / act is read along with related case laws/ tribunal / court judgements and never in isolation
Balamurali Unnithan M S
CA Inter
★ 3K+
3
642
If there is any chance to change exam center for CA inter exam
Exams
answered on 29-May-21 11:30
I am a CA inter student staying in Coimbatore for exams but due to corona we have to go back to our hometown. So while exam dates it's very difficult to travel from my home town to Coimbatore and vice versa during covid times. That's why I am asking if there is any chance to change my exam center to my hometown.
latest answer
Thanks sir
Sivaprakasam Murugesh
CA Inter
★ 5K+
2
750
Standard costing
Costing
answered on 31-May-21 14:22
I have a doubt ..... Can anyone please provide detailed answer...
latest answer
Correct
Anusree Rajeev
CA Final
★ 9K+
3
648
Doubt
Strategic Management
answered on 30-May-21 17:44
What will be the answer for this question? Please provide detailed answer
latest answer
Explain what is competitive advantage. You can add some examples of how core competency can build a competitive advantage. You can give a practical example as well - Jio
Priyanka Udeshi
CFA L1
★ 14K+
3
648