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Indian Tax System

Excellent commerce point > Indian Tax System
Set Off & Carry Forward of Losses​
13
Oct

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 […]

Posted in: CMA updates ,
Tags: Business Losses , Carry Forward of Losses , Financial Planning , Income Tax , Income Tax Act , Indian Tax System , Loss Adjustment , Set Off of Losses , Tax Deductions , Tax Filing Tips. , Tax Liabilities , Tax Planning , tax rules , Tax Savings , Taxation ,
Computation of Total Income and Tax Payable
17
Jun

Computation of Total Income and Tax Payable Question 1.State under which heads the following incomes are taxable:  Rental income in case of dealer in property. Dividend on shares in case of a dealer in shares. Salary by a partner from his partnership firm. Rental income of machinery. Winnings from lotteries by a person having the […]

Posted in: ca intermediate notes ,
Tags: CA Exam Preparation , ca foundation , CMA Exam Notes , cma foundation , Computation of Total Income , Deductions under 80C , Income Heads , Income Tax Act , Income Tax for Students , Indian Tax System , Tax Liability , Tax Payable , Tax Slabs , Total Income Calculation ,