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Interest on pre-construction period.
Direct Taxation
asked 39 mins ago
In the last illustration of the second part of the illustration regarding the pre-construction period, the deduction under Section 24(b) is 33,000, right? That is 15000 + (90000/5). But in the solution, it is given as 21000. Clarify the working, please.....
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No answers yet!!
SHAMIL SHAMSUDDHEEN
CA Inter
★ 0
0
3
calculation of income from house property.
Direct Taxation
asked 3 hrs ago
In illustration 3, The property is purchased on May 1st. So when calculating rent received, the actual amount received on let-out property is for 11 months, no? and the property has been vacant for 1 month. So will the actual rent received be for 11 months or 10 months? In the solution it is calculated for 10 months.
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SHAMIL SHAMSUDDHEEN
CA Inter
★ 0
0
1
Basic concepts
Direct Taxation
asked 1 day ago
Can anyone solve and share the second problem please?
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No answers yet!!
Divinne Fiona
CA Inter
★ 9K+
0
28
Finance act
Direct Taxation
asked on 14-May-24 11:03
Hai sir I am jan 25 student First schedule of the annual finance act part 1 says assesment year 2024 -25 Tax rates applicable for the finance act 2024 as per the attached provision Am I right??
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No answers yet!!
siddesh N
CA Inter
★ 3K+
0
54
Clubbing of income
Direct Taxation
asked on 12-May-24 19:15
clubbing of income problems standard deduction 30 % is available for rental income of property which is gifted ??
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Devisree
CMA Inter
★ 0
0
44
80U
Direct Taxation
answered on 12-May-24 11:05
If in question it's given that a person has a disability of around 80% then what will the amount get as deduction 75000 or 125000 ???
latest answer
Yes.
Nikhil Tiwari
CA Inter
★ 16K+
4
96
Salary structure
Direct Taxation
answered on 13-May-24 23:12
Suppose, my employer gave me a CTC of Rs 25,00,000 which includes Rs 1,00,000 for purchase of laptop. Now the company said to buy the laptop in the company's name. Now I have a question like how the salary structure will look like ? What my CTC will be and what value should be added in the gross. Since the laptop will be purchased by employees with an intent of keeping it.
latest answer
I agree too, cleared my confusion. Thank you 👍
Jigyasha Rawat
CA Final
★ 0
4
68
Freehold property
Direct Taxation
answered on 12-May-24 11:00
What is freehold property? Whether lease hold and freehold property same ? Whether tds will apply on conversion fee paid for freehold property?
latest answer
Freehold generally means own property/ case where entire rights are available and leasehold means property taken on lease.
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 2K+
1
50
Clubbing provisions in revocable transfer
Direct Taxation
answered on 06-May-24 14:23
As per section 62, there is an exception for revocable transfer by way to trust... Here My doubt is what is the treatment if the property has been sold or transfers to trust with consideration that is a benefit for assesse ?
latest answer
If it is done for a consideration then it a clear case of transfer and that would be taxable.
Jashvanth.K
CA Inter
★ 9K+
1
54
House property
Direct Taxation
answered on 06-May-24 12:05
I need clarification in calculation of 1.Gross annual value 2.Municipal tax A or B which is correct???
latest answer
Right
Gautham Surya
CA Inter
★ 9K+
10
85
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