Forums
Rank holder scholarship
Others
answered on 01-Apr-21 10:57
If I get the rank whether icai give scholarship to me
latest answer
Yes
Nivetharaman Raman
CA Foundation
★ 11K+
4
668
Section 32 AD
Direct Taxation
answered on 01-Apr-21 16:24
If the cost of machinery is 10L, as per section 32AD we can claim 15% deduction, and now while calculating depreciation..should we consider P& M cost as 10 L or 8.5L.
latest answer
10L. There is no restriction on depreciation. This deduction u/s 32AD is in addition to the depreciation and additional depreciation.
sai krishna teja
CA Inter
★ 940
1
627
Composition scheme
Indirect Taxation
answered on 02-Apr-21 16:07
should we include non taxable supplies for calculating aggregate turnover for opting composition scheme sir
latest answer
Thank you sir
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
8
587
Notes of indigolearn
Others
answered on 31-Mar-21 21:54
Are the information given in your notes same as that of the icai material Or are they any diffrences??
latest answer
Kk Thank you
Santosh pal
CA Inter
★ 820
5
578
Partly occupied and partly vacant property
Direct Taxation
answered on 01-Apr-21 10:44
If a property self occupied for a period of 7 months and the balance months were vacant. What is the status of house property? Is it deemed let out?
latest answer
Yes
Gayathri K V
CA Inter
★ 13K+
3
653
Expected rent
Direct Taxation
answered on 01-Apr-21 16:35
In case only information available is market value and wrench actually received what to do to calculate expected rent. In the illustrations one is done using market value as expected rent. Where as another problem done with the actual rent per month Ã?12
latest answer
The gross annual value shall be higher of expected rent or rent received/receivable for the let out period. Expected rent is higher of the fair rent and municipal value. For computing GAV the rent received / receivable is taken, ie. in cas of let out but vacant cases need to take the amount receivable which will be different from actual rent received.... so consider rent receivable
Gayathri K V
CA Inter
★ 13K+
1
905
GAV calculation in case of self occupied property
Direct Taxation
answered on 02-Apr-21 13:09
How can calculate GAV for self occupied property Is not equal to you expected rent(RER)?
latest answer
Compute GAV as it would have been let out..... ER will be GAV
Gayathri K V
CA Inter
★ 13K+
3
739
Interest 24(b) in case of self occupied Property
Direct Taxation
answered on 06-Apr-21 12:59
Self occupied Property What is the maximum amount of interest can be deducted under section 24 ( b) 200000 or 30000 as the case may be Or 2 lacs for construction or acquisition and if renovation, renewal, reconstruction, repair includes 30000 over and above that 2 lakh Can I get rupees 230000 as deduction under section 24 (b) if I have taken a loan for renovation reconstruction and also for purchasing house
latest answer
First proviso to Sec 24(b) states self occupied property - Max Rs.30,000 Second proviso to Sec 24(b) states self occupied property, loan after 1/4/99 for purchase / construction - Max 2,00,000 Fourth proviso to Sec 24(b) states self occupied property, - deduction under first proviso + second proviso - Max 2,00,000 Sec 24(b) states - interest deduction if let out - No limit for deduction So in the illustration, if House 2 is considered self occupied - First proviso Rs.30,000 and Second proviso Rs.11,000 is considered
Gayathri K V
CA Inter
★ 13K+
4
793
Sec 16 - rectification of name of company
Corporate & Other Laws
answered on 31-Mar-21 20:55
Will it be okay if a company changes it's name within 3 months or 6 months as per the particular case but sends the notice to the ROC exceeding 15 days from the change of name but still they have sent the notice within 3 or 6 months?? How will the ROC know the company's name has been changed before 15 days??
latest answer
Thanks for clearing my doubt.
Sainisha Ramesh
CA Inter
★ 200
2
687
PDF NOTES
Indirect Taxation
answered on 02-Apr-21 06:34
PDF notes of majority chapters are unavailable for me only i am able to see pdf notes of 3 to 4 chapters .Please help me to resolve this issue.
latest answer
Thank you , from yesterday it's showing.
Prajwal RD
CA Inter
★ 250
6
752