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Direct Taxation
answered on 01-Sep-20 14:26
If an individual's turnover crosses 1cr/50lacs but he choses to pay tax u/s 44AD/44ADA is he required to deduct tax at source??
latest answer
That's what I told
Venkatesh Rathinam
CA Final
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Query
Others
answered on 28-Jun-20 20:53
Why i cash is expired
latest answer
Only the promotional iCash of 500 is expired. Other iCash is valid for 1 year.
Prasanth Kumar
CA Inter
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Capital Gains
Direct Taxation
answered on 28-Jun-20 22:12
Ma'am /Sir Good evening Assume if the WDV of the depreciable asset of block is 50lacs and the tax is 10% then should we while calculating next time take the WDV as 45lacs Video - Capital Gains in case of depreciable asset Also one new doubt Please can u explain why did we take 7.5%for full WDV as that only refers to one asset but the WDV IS for 3assets put together.
latest answer
While calculating depreciation please note that asset put to use will be considered.If put to use is less than 180 days then 50% of applicable rate is taken and greater than 180 days full depreciation is considered.If asset is sold then no depreciation is claimed.
aman kawad
CA Inter
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Exam
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answered on 29-Jun-20 13:41
Sir if exam postphone...to nov... I alredy extent to nov ...can I further extend to may 21
latest answer
Ok sir
Nivetharaman Raman
CA Foundation
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Tally
Others
answered on 28-Jun-20 18:13
Is there any discount for tally course ? And if I buy it will u provide the application of tally? Will certificate be provided?
latest answer
KKK sir
baranitharan b
CA Final
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Query
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answered on 28-Jun-20 15:03
How to get update on who has uploadesd forum recently or not
latest answer
For any post u make u will get a notification for replies to it
Prasanth Kumar
CA Inter
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Query
Others
answered on 28-Jun-20 13:39
What is I cash
latest answer
icash are reward points that you can earn by being active on our app like referring friends, buying courses, burning points etc. This i cash can be used to make payments for purchase of courses from us in the future. More details are available on icash on the app under i cash / points section
Prasanth Kumar
CA Inter
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663
Capital Gains
Direct Taxation
answered on 28-Jun-20 22:07
Ma'am can u explain the concept of depreciable asset here when A> B
latest answer
Block of aaset=same rate+same class will be grouped as one and depreciation was 15%(50%)=7.5% as asset was put to use for less than 180 days.
aman kawad
CA Inter
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785
Capital Gains
Direct Taxation
answered on 28-Jun-20 12:39
Sir/ma'am The indexation benefit is not given to the depreciable assets as the depreciation is given as benefits for tax deduction. Then can we say that it will be taken as a short term capital gains and charged accordingly
latest answer
Yes. You are absolutely right. Assets for which Depreciation is charged are taxed as STCG
aman kawad
CA Inter
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714
CAPITAL GAINS
Direct Taxation
answered on 28-Jun-20 18:20
No deduction of STT on capital gains is given in notes But as per the reader the STT is considered indirectly see in the image
latest answer
No deduction will be given capital gain will be levied without considering STT.
aman kawad
CA Inter
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730