Taxation Exam > Taxation Videos > Income Tax for assessment (Inter Level) > S 36(iv), (iva), (v). S 40A(7), (9)
S 36(iv), (iva), (v). S 40A(7), (9) Video Lecture | Income Tax for assessment (Inter Level) - Taxation
|
405 videos|72 docs
|
FAQs on S 36(iv), (iva), (v). S 40A(7), (9) Video Lecture - Income Tax for assessment (Inter Level) - Taxation
| 1. What is the significance of Section 36(iv) in taxation? |  |
Ans. Section 36(iv) of the Income Tax Act allows businesses to claim deductions for any interest paid on borrowed capital used for business purposes. This provision helps businesses reduce their taxable income and ultimately lowers their tax liability.
| 2. How does Section 36(iva) impact taxation? | |
Ans. Section 36(iva) of the Income Tax Act allows businesses to claim deductions for any commission or brokerage paid on the procurement of loans or advances for business purposes. This provision encourages businesses to seek external financing and provides them with tax benefits.
| 3. What does Section 36(v) entail in terms of taxation? | |
Ans. Section 36(v) of the Income Tax Act allows businesses to claim deductions for any expenditure incurred on the modification or improvement of a rented property used for business purposes. This provision enables businesses to reduce their taxable income by offsetting the expenses associated with maintaining and enhancing their rented premises.
| 4. How does Section 40A(7) affect taxation? | |
Ans. Section 40A(7) of the Income Tax Act restricts cash payments made to a single person or entity in a single day beyond a certain threshold. This provision aims to curb the usage of unaccounted or black money transactions by promoting digital or traceable transactions, ensuring transparency, and preventing tax evasion.
| 5. What is the implication of Section 40A(9) in taxation? | |
Ans. Section 40A(9) of the Income Tax Act disallows any cash payment made for expenses exceeding a specified limit. This provision encourages businesses to use banking channels for large transactions, promoting transparency, and discouraging the use of unaccounted cash. It also helps in preventing tax evasion and facilitates the tracking of financial transactions for auditing purposes.
Related Exams
About this Video
|
Nov 16, 2024 Last updated |
Video Description: S 36(iv), (iva), (v). S 40A(7), (9) for Taxation 2024 is part of Income Tax for assessment (Inter Level) preparation.
The notes and questions for S 36(iv), (iva), (v). S 40A(7), (9) have been prepared according to the Taxation exam syllabus.
Information about S 36(iv), (iva), (v). S 40A(7), (9) covers all important topics for Taxation 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for S 36(iv), (iva), (v). S 40A(7), (9).
Introduction of S 36(iv), (iva), (v). S 40A(7), (9) in English is available as part of our Income Tax for assessment (Inter Level) for Taxation & S 36(iv), (iva), (v). S 40A(7), (9) in
Hindi for Income Tax for assessment (Inter Level) course. Download more important topics related with notes, lectures and mock test series for
Taxation Exam by signing up for free.
Description
Video Lecture & Questions for S 36(iv), (iva), (v). S 40A(7), (9) Video Lecture | Income Tax for assessment (Inter Level) - Taxation - Taxation full syllabus preparation | Free video for Taxation exam to prepare for Income Tax for assessment (Inter Level).
Information about S 36(iv), (iva), (v). S 40A(7), (9)
Here you can find the meaning of S 36(iv), (iva), (v). S 40A(7), (9) defined & explained in the simplest way possible.
Besides explaining types of S 36(iv), (iva), (v). S 40A(7), (9) theory, EduRev gives you an ample number of questions to practice S 36(iv), (iva), (v). S 40A(7), (9) tests,
examples and also practice Taxation tests.
|
405 videos|72 docs
|
|
Explore Courses for Taxation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Objective type Questions
,Viva Questions
,shortcuts and tricks
,Previous Year Questions with Solutions
,Free
,(v). S 40A(7)
,Exam
,study material
,S 36(iv)
,video lectures
,S 36(iv)
,(iva)
,Summary
,practice quizzes
,S 36(iv)
,(9) Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,ppt
,mock tests for examination
,MCQs
,Semester Notes
,(v). S 40A(7)
,past year papers
,(9) Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,(v). S 40A(7)
,(iva)
,Important questions
,Extra Questions
,Sample Paper
,(iva)
,(9) Video Lecture | Income Tax for assessment (Inter Level) - Taxation
;
Study S 36(iv), (iva), (v). S 40A(7), (9) on the App
Students of Taxation can study S 36(iv), (iva), (v). S 40A(7), (9) alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the S 36(iv), (iva), (v). S 40A(7), (9),
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of S 36(iv), (iva), (v). S 40A(7), (9) is prepared as per the latest Taxation syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup