Forums
3rd Condition for Claiming Rs. 2L u/s 24(b)
Direct Taxation
answered on 22-Mar-24 18:10
Hi sir, hope you're well. At the time of taking the loan, how will we know that construction would be complete within 5 years? Do we use estimations? Or do we only claim 24(b) once construction complete within 5 years? Thanks
latest answer
We will start taking deduction only after property construction is completed right. Till that prior to FY it is pre construction interest.
Devaprasad Jothimani
CA Inter
★ 0
2
325
Reschedulement
Others
answered on 19-Mar-24 18:57
Sir revised schedule issued? Is this a real one Please confirm anyone
latest answer
Yes....this is revised schedule issued by icai..
Manoj Raj
CA Final
★ 12K+
1
432
which method i need to follow in exam
Financial Management
answered on 21-Mar-24 14:20
sir though me both the method, how sum has been solven in ICAI study material, and How actual concept works, now in exam which method i have to follow to score full marks.
latest answer
please mention the concept and the corresponding timing in the video to address the doubt
Surender k
CA Inter
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1
324
AS 3
Accountancy
answered on 22-Mar-24 07:44
opening balance of trade receivables is 200000 right?
latest answer
I’m a student
Divinne Fiona
CA Inter
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5
304
Can't find
Strategic Management
answered on 19-Mar-24 16:03
Where this topic in your material I can't find in your as well as icai In this chapter
latest answer
Enabled by error. Rectified.
T swathi
CA Inter
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1
148
exams thrice a year
Others
answered on 19-Mar-24 15:38
when we can expect official announcement about conducting exams thrice a year from icai
latest answer
thank you sir
Vidyakrishna vidyakrishna
CA Inter
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2
328
Professional ethics
Auditing
answered on 21-Mar-24 10:39
Will charted accountant in practice will deemed to be professional misconduct if he have share in business for example say , juice business or educational business , under clause 3 of the schedule 1
latest answer
Chartered Accountant in practice shall not engage in any business or occupation other than the profession of accountancy, except with the permission granted in accordance with a resolution of the Council. Specific permission of council is needed. (ICAI)
Swathi Krishna
CA Final
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1
317
Leave encashment exemption
Direct Taxation
answered on 22-Mar-24 18:12
What you mean by 10 months average salary ? For me we have to add the salary received for last 10 months and divide that amount with 10. am I right? But in a question that I saw, they just multiply 1 month salary into 10 months and they said that is the average salary of 10 or 10 months avrg salary.
latest answer
10 Months Average Salary means 10 * Average Salary. Average Salary means last 10 month salary upto the date of retirement/ 10.
1 Minute Review
CA Inter
★ 405
2
434
Adv. Cap. Budget
AFM
answered on 19-Mar-24 16:31
Why we've calculated nominal cashflows, considering depreciation also affected by inflation. (but as you said in an earlier video, depreciation is always a historical item- depreciation won't change due to inflation rate)
latest answer
Ohh.. okay.. Got it!
Aswath Natarajan
CA Final
★ 2K+
2
486
Motor car perquisite valuation
Direct Taxation
answered on 25-Mar-24 12:21
Can I know the logic behind this calculation . Why that calculation of greater than and less than 1.6 litre is considered as the "amount used for official purposes". ? When it comes to the scenario that the motor car is owned by the employer and maintained by the employer... AND that car is used for both private and official purposes , Then value of perquisite is the the same calculation like greater than or less than 1.6 If that calculation is known as amount for official purpose then why it is considered as a perquisite in hands of employee when the car is own and maintained by the employer.
latest answer
Welcome.
1 Minute Review
CA Inter
★ 405
12
949