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partial integration
Direct Taxation
answered on 28-Dec-24 18:13
A partnership firm Z & Co. has agricultural income ₹20,00,000 and its partner Mr. Z has received ₹5,00,000 being his share in the profits of partnership. Mr. Z has income under the head house property ₹3,75,000. Compute tax liability of the partnership firm and also that of Mr. Z. i know that partial integration in only for individual so no tax for the firm but can someone find the tax liability of Mr.Z
latest answer
Partial integration will technically not apply since income is exempt under Section 10(2A) and not 10(1).
Gokul N. K
CA Inter
★ 0
1
673
partial integration
Direct Taxation
answered on 28-Dec-24 18:13
Mr. X has income under the head House Property ₹101,00,000 and agricultural income ₹6,00,000 will surcharge come ? if yes total tax liability?
latest answer
Yes. Apply partial integration and compute tax.
Gokul N. K
CA Inter
★ 0
1
675
Run Test
AFM
answered on 27-Dec-24 20:35
Sir, What if at one level of significance, the number of runs falls within the limit and for the other level of significance, it doesn't. How will we conclude about the efficiency of the market?
latest answer
Thank you sir
Lekshmi N.Kumar
CA Final
★ 2K+
2
707
Auto Correlation Test
AFM
answered on 27-Dec-24 21:44
Sir, If the correlation is less than 20%,(eg: 1%,5%,19% etc) what is the conclusion we should arrive at ? i.e As the correlation is less than 20%, like 1% or 2%, should we consider it as immaterial and arrive at the conclusion that the market is weakly efficient or should we consider even minor correlation as material and arrive at the conclusion that the market is not even weakly efficient.
latest answer
Thank you so much, Sir.
Lekshmi N.Kumar
CA Final
★ 2K+
4
825
why 5% degree of significance here?
CFA
answered on 27-Dec-24 15:30
have noticed this before also, is 5% standard that go for when nothing is given
latest answer
Yes in day- day course / practical life usually we look at 5% level of significance. In exam, they will be very specific on what they want
Dherain Khilnani
CFA L2
★ 5K+
1
218
SPOM RELATED Set C and Set D
Others
answered on 27-Dec-24 13:22
Hi sir, My Ca Intermediate First Group cleared on May 2023 and Second Group cleared on September 2024 and my 3 year article ship completed in June 2024 so SPOM Set C and Set D are exempt ?
latest answer
No. Applicable
Nirali Lakum
CA Final
★ 0
1
986
SET A LAW FEMA
Corporate & Other Laws
answered on 31-Dec-24 09:04
What is the answer for the below question ❓
latest answer
Thank you so much for your reply. Anyhow I cleared SET A this Sunday.😅
HEMACHANDHAR M
CA Final
★ 2K+
2
728
SET A LAW FEMA
Corporate & Other Laws
answered on 07-Jan-25 19:19
What is the answer for the below question ❓
latest answer
Kindly attach the question
HEMACHANDHAR M
CA Final
★ 2K+
1
778
Dividend decision
Financial Management
answered on 27-Dec-24 10:08
Icai module Question 9 1.In the question told that 5000 shares are repurchased but in solution they have taken 25000 shares. Is this a mistake? 2. If 5000 shares are repurchased the book value per share is 394.74 is this correct
latest answer
Yeah must be
Elavarasi B
CA Inter
★ 46K+
2
652
Investment decision
Financial Management
answered on 27-Dec-24 10:19
Dividend decision MCQ 10 icai module Please explain Graham and dodd approach
latest answer
https://resource.cdn.icai.org/81833bos65985-cp8.pdf Page 8.39
Elavarasi B
CA Inter
★ 46K+
2
751