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Taxation

Excellent commerce point > Taxation
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 ,
Profits and Gains from Business or Profession ​
14
Jun

Profits and Gains from Business or Profession Question 1.State with reason, whether the following statements are true, or false with regard to the provisions of the Income-tax Act, 1961 for the Assessment year 2021-22: [Nov. 2008, 2 Marks](a) Rural branches of the Cooperative banks are not allowed to claim provision for bad and doubtful debts.(b) […]

Posted in: ca intermediate notes ,
Tags: Business Income , Business or Profession , ca foundation , cma foundation , Deductions under PGBP , Direct Tax , Income Tax Act , Indian Tax Law. , PGBP , Professional Income , Profits and Gains , Tax Computation , Taxable Income , Taxation ,