Source- ICAI MCQ Booklet Ans to MCQ no 39.4 is option (c). But since STT is paid at the time of sale & purchase & 112A is applicable, then why can’t we take benefit of FMV on 31.1.2018 ie why ...
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Source: ICAI MCQ BOOKLET & RTP NOV 21 MCQ no 32.2 Deduction u/sec 80M as per RTP NOV’21 is 13lakhs & as per updated ICAI MCQ Booklet ans is 7lakhs. Pls guide as to why the ans is 7lakhs?
Dear Sir, Sec 142(1) , AO may require the assessee to file his Return of Income (ROI), if he has not filed his ROI. Query- In which situation can AO ask to file ROI ? 2) U/s 143 -Time limit for issue ...
In the image below, what if the income is offered to tax (in india) before the dispute in relation to foreign tax paid is settled. Will FTC allowed? The line here does not mentions about this position it simply states ...
Section 7 mentions that ‘amount transferred from URPF to RPF will be deemed to be received in India’. Because of this it will become Indian income and therefore will be taxable in the hands of NR , ROR and RNOR. ...
If someone purchased a plant and used for less than 180 days and claimed additional depreciation i.e. 10%. Next year before 31.3 he sold that asset. Although there are other assets in block. Can remaining 10% additional depreciation be claimed ...
U/s 194Q tds will not be deducted in the gat component present in the purchase value of the goods. But will we be considering the gst component in the limit of 50 lakh in the said section i.e. for checking ...
A person who has got directions from AO to get his books audited u/s 142(2A). Can such person use the services of TRP for filing of ROI. As sec 139B mentions ‘person reqd to get audited u/s 44AB or under ...
In this sum 5 lakh is the amount applied for the foundation of the trust. We did subtracted the amount from the cost so tax is not applied on that amount, but I am not able to understand why did ...
An Individual Assessee on whom Tax Audit was applicable has filed his return of income within due date but in form ITR-1 (without tax audit) for the AY 21-22- Can revise his return of income now with tax audit ?? Will his ...