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Sec.201(1) & 40(a)(1) /40(a)(1a)
Direct Taxation
answered on 12-May-21 11:49
Both sections are talks about the non-deduction of Tax? There is a condition mentioned in Sec.201(1) -Video for the avoidance of disallowance, Tax Paid by the recipient. If the recipient's income below the taxable limit or he has deductions for the same. There is no need to pay tax. Then what about the condition mentioned in section 201(1)?
latest answer
Yes. The recipient has to submit Form 15G so as to not deduct the tax
Balamurali Unnithan M S
CA Inter
★ 3K+
5
889
Sec.40(a)(1a)
Direct Taxation
answered on 12-May-21 11:50
As per Sec.40(a)(1a), TDS is not deducted and not deposited during the previous year,30% of the expense is disallowed. And the payment of the same is not done. ie, TDS deducted on professional income, It's not transferred by the assessee. So he can claim 70% in the P&L.?
latest answer
Liability to deduct TDS arises at the time of payment or due basis which ever is earlier
Balamurali Unnithan M S
CA Inter
★ 3K+
5
633
Capital gains
Direct Taxation
answered on 11-May-21 15:27
Is indexation benefit available for cost of improvement incurred by previous owner
latest answer
Thank you sir
manideep martha
CA Final
★ 10K+
4
582
Debenture redemption reserve creation
Accountancy
answered on 12-May-21 12:56
What is the rate of DRR to be created(10% or 25%).
latest answer
25% is for CMA students. For CA students, ICAI incorporated the relevant amendment and it is NIL for some companies and 10% for others.
Naren
CA Inter
★ 90K+
4
629
Point 17
Corporate & Other Laws
answered on 11-May-21 11:51
Amount of rupees 25 lakh or more is considered as deposit for a startup company then what should be considered to the amount the amount received by startup company below 25 lakh.
latest answer
We know limits of deposits are applicable to companies. For startups, deposits are an important source of funding. So, the large amounts of 25 lakh or more received as way of convertible note are exempted from Deposits so as to enable investments in startup companies.
Gauri Shete
CA Final
★ 5K+
4
722
Residential status
Direct Taxation
answered on 11-May-21 09:38
Question ( c) How RNOR? I think he must be ROR as he satisfies both additional condition: (i) he is a resident for atleast 2 yrs out of 10 preceding PY (ii)he has stayed in india for more than 730 days (i.e. 840 days) in 7 preceding PY
latest answer
Depends on our assumption we are taking.
Shrutii K
CA Inter
★ 5K+
4
1K+
Doubt
Information Systems
answered on 14-May-21 17:27
Please guide me with the page number of ICAI module where this answer is located.Cant find it
latest answer
Yes, if you understand the concept of 1.9.2 Information Technology Act, 2000 given from pg 1.83... you will we able to write
Priyanka Udeshi
CFA L1
★ 14K+
7
684
Answer the question ?
Others
answered on 16-May-21 01:59
Did any one watch the videos from this app for CA foundation course please reply ? If you had watched the lectures give reply to me.
latest answer
Atleast now did u cleared u query
Aakash Raavi
CMA Inter
★ 320
7
702
Method of calculating FMV
Direct Taxation
answered on 11-May-21 19:52
IS THE METHOD, which you explained in Video no. 24 of Salaries for calculation of FMV of shares issued under ESOP scheme, IS THE ORIGINAL METHOD FOR CALCULATION OF FMV ACC. TO LAW (OR) ONLY FOR THAT PARTICULAR CASE(shares issued under ESOP)??
latest answer
For calculation of FMV of esop only this rule is applicable.
ALDRIN G
CA Inter
★ 12K+
3
702
Regarding free notes
Others
answered on 16-May-21 21:12
I already take printed indigolearn notes for group 2 now newly amended paras are inserted. It's difficult to find the amended page's ,so kindly put new resources as amended notes .it will help for many students
latest answer
There wont be much amendments for nov 21 except for taxation.
Kanaga Mani
CA Inter
★ 3K+
3
637