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Hrithik Rama posted in the group CA Final Direct Tax (Paper 7) Discussion Group
In section 194q
CA final direct tax
Tds will be deducted if purchase of goods excess of 50 lakh and 50 lakh will be considered including GST or excluding GSTPur 48l
Gst=4l
Total=52lSection apply or not
2 Comments-
Yep Above ans is correct
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Hrithik Rama posted in the group CA Final SFM Discussion Group
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Hrithik Rama posted in the group CA Final IDT Discussion Group
Jb building transfer Feb 21 m hua h and purchase 1.4.19 m hua tha to deemed income and also actual cost in the hands of Arnav actual cost – Dep(P.Y.19-20) – Dep(P.Y.20-21) hona chahiye n..???
Or agr nhi to kyu nhi.. plz anyone explain this…
2 Comments-
As per explanation 13 to section 43(1) actual cost reduced to depreciation to be charged in year of acquisition shall be deemed income. And as deemed income in py 2020-21 no depreciation shall be charged on it
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Thanks, brother you are awsome
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Jb building transfer Feb 21 m hua h and purchase 1.4.19 m hua tha to deemed income and also actual cost in the hands of Arnav actual cost – Dep(P.Y.19-20) – Dep(P.Y.20-21) hona chahiye n..???
Or agr nhi to kyu nhi.. plz anyone explain this…
1 Share2 Comments-
35AD main deduction liya hain…usse 8 years ke pehle transfer kar diya to non specified business…so 50 lakhs deemed income. But 50 lakhs par depreciation mil jayega for the year of acquisition as per explanation 13 to section 43(1), hence 45 lakhs deemed income. and on income question of depreciation doesnot arise for 2020-21
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Thank you So much, Brother.
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Hrithik Rama posted in the group CA Final Financial Reporting Discussion Group
Under the income tax act – for SEZ units – beyond a particular period in order to claim benefit under 10AA a reserve needs to be created
So under InD AS – what will be the accounting entry that will be passed and how and where this entry needs to be disclosed ?
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Under the income tax act – for SEZ units – beyond a particular period in order to claim benefit under 10AA a reserve needs to be created
So under InD AS – what will be the accounting entry that will be passed and how and where this entry needs to be disclosed ?
1 Share
CA Students' Social Hub
and then
Including GST and and the tds can also be deducted on advance payments or payments whichever is first