Articles by CA Mehul Thakker

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Being a student of CA Final, you are aware that pattern of assessment in select subjects has been changed from May 2019 examination. Under the revised pattern of assessment, specific weightage for objective type of questions has been given. Such objective type of questions would be in the nature of ..

Posted in Students  16 comments |   6275 Views




Answer to the Brainstorming Problems: Direct Tax Amendments for May 2019/Nov 2019 Examinations Part 5, 1. Brainstorming Practical - Saurashtra Cement Ltd. Before amendment made by Finance Act, 2018-the amount received by the assessee towards compensation for sterilization of the profit ea..

Posted in Students  5 comments |   3122 Views




Answer to the Brainstorming Problem: Direct Tax Amendments for May 2019/Nov 2019 Examinations Article 4, Gross Salary: Rs. 32,90,200 and Taxable Salary: Rs. 32,48,200. In this article, we are going to learn the amendments relating to the head 'Profits and gains from Business or Profession'..

Posted in Students  2 comments |   5834 Views




In continuation of a 'series of articles' focusing on important amendments backed by likely 'Brainstorming Practical', we are going to learn amendments / changes relating to income chargeable head 'Salary'. 1. Standard Deduction [Section 16(ia)] - Inserted by Finance Act, ..

Posted in Students  9 comments |   8478 Views




The exam importance of Direct Tax Amendments ranges between 20 marks to 40 marks.  If we look back then ICAI had given importance of 40 marks to the amendments in recent examination of Nov. 2018 (old) syllabus. Therefore, as a student of CA, one cannot ignore these amendments made by Finance Ac..

Posted in Students  2 comments |   8335 Views




Answers to the Brainstorming Problems of Part 2 Total income of charitable trust:- Rs. 8,24,400. Amendment in section 143(1) of the Act In this article we are going to understand the most important amendment made by Finance Act, 2018 under section 143(1) of the Act with the help of Brains..

Posted in Students |   2499 Views




In continuation of earlier Article Direct Tax Amendments for May 2019/Nov 2019 Examinations - Part 1, Answers to the Brainstorming Problems of Article 1 Practical No. Partial Withdrawal from NPS Opting out of NPS 1..

Posted in Students  1 comments |   3837 Views




The exam importance of Direct Tax Amendments ranges between 20 marks to 40 marks. As a student, one cannot ignore the amendments made by relevant Finance Act. Also, it is often observed that students are not able to handle the questions on amendments effectively during exam hours. Below listed ar..

Posted in Students  3 comments |   10825 Views




Section 197A Section 197A provides that if a declaration in a prescribed form (Form no. 15G - Form 15 H) is submitted by the recipient of income to the payer, then no tax is deductible under following sections: Section No. Nature of Payment ..

Posted in Income Tax  15 comments |   4994 Views




When Individual/ HUF are required to deduct tax at source under these five sections? Consider  the following proviso to section 194A(1): “An individual or a Hindu undivided family(HUF), whose total sales, gross receipts or turnover from the business or profession carried on by ..

Posted in Income Tax  5 comments |   4223 Views





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