CS Study Notes - Executive, Professional & Foundation

48. What is the limit of the employer contribution exempt in the hands of the employee

47. Determine the interest on capital allowed for the financial year 2019-20

46. Mr. Anjan Joins a service in the grade of Rs. 15,600-39100 plus grade pay of 6000 on 01.08.2019. He also gets dearness allowance of 107% of the salary. His tax liab

43. What is the POS if the Surya Narayan from Jamshedpur ordered a machine to be installed in his factory( Jamshedpur). the parts from various states across the country after which the machine was successfully installed at his factory Jamshedpur

42. Determine the place of Supply :-Howrah – New Delhi Rajdhani Express supplies food which was taken on board at Mugalsarai in Uttar Pradesh

41. Caluculate the depreciation allowed for the year 2019-20 from the following details :- WDV as on 01.04.2019 is 5,00,000 and a new asset purchased for a sum of Rs. 2,00,000 on 23.09.2019 and asset sold during the year is Rs. 3,00,000. dep 15%

40. What is the maximum amount of interest allowed under section 24(b) in case of SOP in case of loan taken after 01.04.1999 and all conditions of max ded allowed.

39. What is the Maxmium amount of interest allowed under section 24(b) in case of loan taken before 01.04.1999 for SOP

36. Calculate the income from house property from the following details A Std rent 15000 P. M B. Municipal value 18000 P. M C. Actual rent 22000 P. m Calculate NAV for the year 2019-20

34. Calculate the amount of pension is exempt under the income tax act from the following information;- A. Pension receive 240000(60percent) B. Person is eligible for gratuity rec...

33. What is the limit for doing Audit under sec 44AB of the income tax act 1961

32. What is the depreciation allowed If the following details are as follows :- Asset as on 01.04.2019 12,00,000 A new asset purchased as on 03.09.2019 and put to use on 03.03.2020 for a sum of rs 5 lakh and asset dep rate assume to be 20 percent