CMA INTER TAX JUNE 2024 | SUGGESTED ANSWERS | COMPLETE SOLUTION
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- Опубліковано 30 вер 2024
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Best explanation sir ❤
Q.2(b) point (vii): exempted if the cost of education does not exceed 1,000/month/child. if exceeds the amount of 1000/month/child then fully taxable.
in the given case in that case it exceeds the amount (i.e. ₹48,000). It means it has to be fully taxable.
is it right?
Yes beta there are two alternate ways to solve this, I’ve solved circular point view
@@JSMalhotra sir, which circular?
Circular no. 15/2001 dated 12.12.2001
This circular is clarification for all perquisites where certain amount is exempt, such as Gift, free meal and education facility
yes
Sir mcq 1 (b) 21600 bhi to ho sakta hai
Yes beta ho tou skta but I think, if ques is silent then we should assume it as default regime where there is no exemption
is Q3(A) mein H1 & H2 SOP and H3 DLOP lenge toh ded u/s 24(b) me max 30,000 hoga ya 60,000 ? suggested me 30,000 likha h isliye
Yes beta 30000 will be allowed Max, it’s my mistake
Last wale question m date galat li baaki sab sahi h toh kitne marks milenge
beta date ki waja se possibly 2 marks deduct honge
Thank You So Much Sir ❤❤
Sir house property wala sums me option ii par self-occupied properties me maximum 2lakhs dediction kiu nahi hoga? House 3 ka loan to 2019-20 me liye hee
Baaki conditions missing hai so I’ve assumed it conditions are not fulfilled
Kyunki time period to complete bi hota hai ki construction 5 saal mein ho jaani chahiye.
@@JSMalhotracan't we take positive assumption there .. ??
@@umesh_529 yes we can
Sir capital gain me u/s 54BC me exemption 1390000 kese hua
Sir salary me education perquisite wala facility pura hi taxable kar dia baki sab thik he.... Kitna marks deduct ho jayga?
Around 2-3 marks
Sir book me 1 bachhe ki education ki liye 100 liya hai par app 1000 kese laye . Please reply
Beta education facility mein 1000 hota hai education allowance mein 100
@@JSMalhotra thank you sir
Why you indexed capital gain sum ist part its period of 2014 to 2024 less than 12 months
Sorry beta 2014 to 2024 , how it is less than 12 months
@@JSMalhotra 6+3 9 months only know
@@CMJayapriyaN are you talking about Ques 4(a)
@@JSMalhotra yessss
@CMJayapriyaN beta us question ko dhyan se padho aur meri video ko ek baari firse dekho short term kase ban rha hai
Sir aap ek assessment year me do baar 30000 ki maximum limit kaise deduct kr skte ho? S/O ke case me dono house sirf 30000 hi deduct kr skte h na ki 60k
Beta agar do self occupied property hain tou aap dono mein 30000 each le skte ho , but in total aap self occupied properties mein 2,00,000 se jada nai le skte
Sir apne jo HP k sums me assumption lia hai ki vo interest loan for repair ka hai
toh sir Interest on loan for repairs ka deduction toh DLOP ya LOP ko nhi milta hai na sir
please clarify sir
agar repair ka loan hai toh dlop ko nhi ilna chahiye the deduction
Beta conditions jab missing hongi then we have to assume interest allowable upto 30,000 Only, Mene Repairs pe loan nai maana, but agar loan repairs ka bi ho to bi interest ki deduction mil jaati hai Let out property mein full amount aur self occupiet mein max upto 30,000.
@@JSMalhotra ok SIR thank you so much
Why is dividend received from cooperative society exempted ?
Dividend received by member from cooperative society is exempt, since they are distributing the profits which is taxable to cooperative society only, but if cooperative society is also earning dividend income from other cooperative society , it will be allowed as deduction under section 80P to them.
@@JSMalhotra ohhh was this in ifos?????
No it’s a topic discussed in Income Exempt from tax
Sir...qs 4(a) mein... previous owner ne(father) vacant land 1/4/2001 ke bad acquire and provide ki hai kavita ko...toh [cost to previous owner × cii for the year of transfer / cii for the year 1st held by assesse hoga na ?] Toh aapne niche 100 kaise le liya 100 toh tab lete h agr previous owner ne 1/4/2001 se phle acquire ya provide kiya ho gift
Nai beta , dhyan se padho Ques ko OCt 2001
@@JSMalhotra sir oct 2001...1/4/2001 ke bad hi aata hai na... April k bad hi oct aata hai na toh waha cii for the year 1st held by assesse hi lenge na agr previous owner ne 1/4/2001 se phle acquire and provide ki hoti tab 100 lete na....
Nai beta , if asset has been received from previous owner through gift will or inheritance then we consider cost of previous owner as well as we take index of previous owner as per Manjula Shah Case Judgement decided in Bombay High court
@@JSMalhotra okay sir
Beta Jo aap keh rhe ho , that is also an alternative View as per income Tax Law
Sir,what about repairs usko bhi to add krenge
Kahan beta , repairs ki koi deduction nai milti house property mein uski jagah pe hi tou standard deduction milti hai
@@JSMalhotra sir but repairs ki maximum 30,000 to hoti hai na and loan ki Max 200000
Nai hoti , galat hai
Sirf house property mein do deductions hoti hai n , one is standard and other is interest on loan iske ilawa ek municipal tax hota hai wo pehle hi deduct ho jata hai, aur koi deduction nai
@@JSMalhotra oh thank you for clearing my doubt 😊. I was confused I was thinking ki wo interest on repairs hai. Thank you for clearing my doubt sir
Municipal tax net annual value pr hoga
No beta municipal tax hmesha municipal value pe if ques is silent
@@JSMalhotra ohkk sir
Sir, GTI me se ₹50000 less nahi hoga kya
Which Ques beta
@@JSMalhotra Que 5 (b) me new regime me Sir
Salary income likha hai already it means assuming standard deduction has already been claimed.
Sir aese questions aapne apne regular course mein cover kiye h kya??
Yes beta with presentation, I’ve share the demo classes , plz watch those
sir buying commission paid in india too add hoga na
Beta buying commission tou kabi add hi nai krte
@@JSMalhotra Sir buying commission paid outside India add nhi karte but local agent ko pay Kiya hua add karte hai as per ICMAI