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LTA
Direct Taxation
answered on 15-Apr-24 14:46
Travel expenses spent for parents are allowed as LTA? Since assessee is not traveling with parents, shall we submit the traveling expenses of parents under LTA
latest answer
If they are dependent then Yes. But ideally it is allowed only when assessee is travelling.
SreeSree Vedu
CA Inter
★ 8K+
2
70
Salaries
Direct Taxation
answered on 15-Apr-24 14:48
How to solve this type of problem?
latest answer
If service rendered is less than 5 years then the withdrawal amount be taxable.
Mainak Chakraborty
CA Inter
★ 0
2
89
TI
Direct Taxation
answered on 15-Apr-24 14:49
How is it income of next year? As it’s received on 1st April 2023
latest answer
It is printing mistake. It should be 1st April 2024.
Swetha S
CA Inter
★ 4K+
2
82
TI
Direct Taxation
answered on 15-Apr-24 14:50
Deduction u/s 24(a) is applicable in both the cases right?
latest answer
Yes we have to deduct. It is clerical error. Standard deduction is allowed for all types of persons.
Swetha S
CA Inter
★ 4K+
3
79
Residential Status
Direct Taxation
answered on 15-Apr-24 14:51
How is this calculated? Left on 1st oct 2019 & returned on 15th March 2024. How is this period of stay correct?
latest answer
It is 1st October 2023.
Swetha S
CA Inter
★ 4K+
3
66
Domestic company tax rate
Direct Taxation
answered on 13-Apr-24 03:25
If tax rate of domestic company is not mentioned in question what should be the rate taken for calculating of tax as per normal provisions?
latest answer
30 percent
Mayank Saini
CA Final
★ 0
1
54
Deemed ownership
Direct Taxation
answered on 13-Apr-24 03:27
What is the difference between deemed ownership and clubbing of income
latest answer
Both are similar concepts but clubbing is only in some specific cases and deemed owner is also in specific cases covered under Section 27. Deemed owner concept is only in House property but clubbing concept is for all types of income
N.Gokulnath
CA Inter
★ 850
1
66
Income from house property
Direct Taxation
answered on 13-Apr-24 03:27
Mr X has two house property,both are self occupied property.For claiming deduction under Section 24(b) he didn't satisfy the conditions for both the property.So the amount to be claimed under Section 24 (b) is 30000 put together OR 60000 ?
latest answer
Both together it is 30K
Lavi Lavanya
CA Inter
★ 6K+
2
78
Diversion & Application of income
Direct Taxation
answered on 15-Apr-24 14:47
How is this taxable in hands of both parties?
latest answer
First it is income for Hari and then it is income for the institution.
Sruthi Bellamkonda
CA Final
★ 70
3
76
Marginal Relief
Direct Taxation
answered on 13-Apr-24 03:30
Qus No. 9 How the answer is option (c)?
latest answer
Correct
Swetha S
CA Inter
★ 4K+
3
98
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