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Income from other source

Direct Taxation

answered on 23-Feb-24 13:20

Compensation or any other payment received in connection with termination of his employment or modification of the terms and conditions relating to employment is taxable under "Income from other sources "or"Income from Salaries"?

latest answer

Ideally it should be taxed under salaries. This point is covered in Section 17(3) as profits in lieu of salary and also covered in Section 56(2)(xi) under Income from Other Sources.

Ibrahim Abdulla

Ibrahim Abdulla

CA Inter

3K+

1

389

Video lectures are not coming in Laptop.

AFM

answered on 20-Feb-24 09:48

Pl solve the problem . All Videos Lectures are like that.

latest answer

Sent email from support pls check

Js Giri

Js Giri

CA Final

40

1

323

Security valuation- equities

AFM

answered on 20-Feb-24 09:49

In the illustration 23, Retained earnings is given at 10 which is 50% of total earnings, hence should not the EPS be 20(100*10/50) and dividend arrives at 10.

latest answer

It is bad wording by icai . Eps is 10

Venky Balamurali

Venky Balamurali

Qualified CA

0

2

333

Spread?

AFM

answered on 19-Feb-24 20:18

What is mean by Spread?

latest answer

In case of credit spreads it is diff between bond yields for a high rated bond vs a low rated bond i.e AAA vs AA

Surya Prakash

Surya Prakash

CA Final

19K+

3

306

Meaning of Strategic intent

Strategic Management

answered on 26-Feb-24 12:05

Can you please explain second para starting line upto strategic management

latest answer

It means study of basic ideas about knowledge. As any entity will be looking in the future, vision and it explains about what they want to do. Which this SM is useful.

Mr M

Mr M

CA Final

3K+

1

712

Conversion

Others

answered on 19-Feb-24 21:03

Sir/ma’am, there’s no option for conversion in my dashboard, How do I apply for conversion from old to new? The current course written in dashboard is: CONINT23

latest answer

Coupon means against which you can redeem new course books.. icai has declared that they will give students both group books at 1,000 rupees.. i am not sure but yes something like that, if you ordered books in old course then..

Aayushi Jain

Aayushi Jain

CA Inter

4K+

6

440

AS22 MCQ

Accountancy

answered on 23-Feb-24 11:58

What should be the answer of Q45??

latest answer

question has asked DTA/DTL remaining calculation not needed. Options are incorrect.

Code X

Code X

CA Final

960

3

337

ITC

Indirect Taxation

answered on 19-Feb-24 18:51

Can we claim input on hotel stay within state if the stay is for business purpose

latest answer

If it is personal use of employees then credit is blocked. You have to prove to the officer that it is for official purpose

Sairam Reddy

Sairam Reddy

CA Final

925

6

353

Customes FTP , Baggage Sec 78.

Electives - Final

answered on 19-Feb-24 15:34

Deos it says that even if it is an old article that I'm bringing to India, would it be still valued at the rate as of declaration date?

latest answer

Yes right. If it is used personal effects then no DUTY.

Muhammed Shamveel ptp

Muhammed Shamveel ptp

CA Final

5K+

1

296

Costoms FTP . Sec 77,78,79 - Baggage

Others

answered on 19-Feb-24 15:33

Why is seperate exemption become relevent/required here in the current scenario? Is it enough that Prakash filled up a declaration form for whole of the baggage? What's actually the purpose of seperate exemption?

latest answer

In case of spouse, we have to fill separate baggage declaration form. For the purpose of limit of 50K, we need to fill separate form only.

Muhammed Shamveel ptp

Muhammed Shamveel ptp

CA Final

5K+

1

531