CMA updates
🎓 Excellent Commerce Point Offers 30% Discount on New Admissions for CMA Intermediate Students! Are you aspiring to become a Certified Management Accountant (CMA) and looking for the best place to kickstart your studies? Look no further! Excellent Commerce Point is offering an exclusive 30% discount on new admissions for CMA Intermediate students. This is the perfect opportunity to […]
🎓 Excellent Commerce Point Offers 30% Discount on New Admissions for CMA Foundation Students! Are you aspiring to become a Cost and Management Accountant (CMA)? Then we have exciting news for you! Excellent Commerce Point, one of the top-rated coaching institutes for commerce students, has announced an exclusive 30% discount on new admissions for CMA […]
🌟 Fast Revision Batch for CA Foundation & CMA Foundation – January Attempt | Starting from 10th November 2025! Are you preparing for the CA Foundation or CMA Foundation January 2026 Attempt? Do you want to revise the entire syllabus in a fast, smart, and result-oriented way before exams? Here’s your opportunity! Our Fast Track […]
Deductions, Rebate and Reliefs Question 1.Write short flotes on deduction under Section TTA in respect of interest from banks. (June 2014, 4 marks)Answer:80TTAIndividual/HUF – Eligible AssesseeInterest on savings account with a Scheduled Bank, or a Co-operative Bank or Post Office Upto ₹ 10,000.Section – 80 TTB(Deduction in respect of Interest on Deposits in case of Senior […]
Set Off & Carry Forward of Losses Question 1.Write short note on the following:Losses which cannot be carried forward for set 6ff when the return of income Is not filed within the ‘due dEW specified under section 139(1). (June 2019, 5 marks)Answer: .Losses which cannot be carried forward where ROI is flied belatedly: Section 8.0 […]
Clubbing of Income Question 1.Write short note on the following:(a) Clubbing of Minor Child (Dec 2022, 5 marks) Descriptive Question Question 2.Explain the tax incidence in the case of a transfer of a let-out property, which is not revocable during the lifetime of the transferee. (Dec 2015, 3 marks)Answer:Section 62 of Income Tax Act, 1961 […]
Income from other Sources Question 1.Attempt the question below:At what rate of interest on debentures of an Indian public limited company subscribed in foreign exchange by a non-resident Indian taxed? (June 2015, 1 mark)Answer:20% Question 2.Discuss whether the following receipts are chargeable to tax in the hands of the recipients;(i) Prize money of ₹ 10,000 […]
CMA Foundation New Batch 2025: Enroll Now & Avail 30% Discount! Limited Seats Available Are you planning to pursue your career in Cost and Management Accounting? The CMA Foundation offers an excellent opportunity to start your journey with the newly launched CMA Foundation Batch for October 2025. This is the perfect time to enroll and take advantage of the […]
Capital Gains Question 1.Write short note on the following:Capital gain on transfer of depreciable assets (Dec 2022, 5 marks) Descriptive Question Question 2.Explain the provisions in regard to a reference to Valuation Officer for valuation of a capital asset under the provision of the Income-tax Act, 1961. (Dec 2012, 3 marks)Answer:Reference to Valuation Officer […]
Profits and Gains of Business or Profession Question 1.Write short note on Tax audit requirements in the case of notified professions. (Dec 2021, 3 marks)Answer:In the case of persons carrying on notified profession, the provisions of tax audit contained in section 44AB would be attracted when the gross receipt exceeds ₹ 50 lakhs in […]