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Mtp
Corporate & Other Laws
answered on 30-Sep-23 12:14
can anyone plz explain this answer....and specifically the meaning of not negotiable crossing..
latest answer
Ohk thanks 👍🏻
Rifhat Khan
CA Inter
★ 28K+
3
408
Investment decisions
Financial Management
answered on 20-Sep-23 21:56
Please provide a detailed explanation for the (iii) point of the attached question
latest answer
After calculating adjusted npv and rate, the debt rate also be known. So now how much invt we need to invest and at what rate, that will be known for future investments.
siva chaitanya
CA Final
★ 13K+
1
338
MTP
Others
answered on 27-Sep-23 09:03
Sir, When will September 2023 mtp will be uploaded in free resource
latest answer
We will upload in 2-3 days time.
SANTHOSH K
CA Final
★ 19K+
2
426
Hire purchases
Accountancy
answered on 21-Sep-23 07:43
Installment amount and deposit amt will be received by hire vendorfrom hire purchaser .then in the solution the received entries shall be mentioned in credit side right?and sale of tractors under HP shall be shown in debit side right?
latest answer
They said to prepare a hire vendor account and depreciation account means they clearly indicated that we should prepare accounts in the books of the hire purchaser. We can't prepare a hire vendor account in the books of the hire vendor only right.
Ujwal Reddy
CA Inter
★ 7K+
5
351
Misrepresentation Section 18 of Indian Contract Act 1872
Corporate & Other Laws
answered on 22-Sep-23 15:39
Explain the concept of 'misrepresentation' in matters of contract. Sohan induced Suraj to buy his motorcycle saying that it was in a very good condition. After taking the motorcycle, Suraj complained that there were many defects in the motorcycle. Sohan proposed to get it repaired and promised to pay 40% cost of repairs. After few days, the motorcycle did not work at all. Now Suraj wants to rescind the contract. Decide giving reasons whether Suraj can rescind the contract In this question, can we state that the issue could've been discovered with ordinary diligence, hence he loses the right to rescind the contract? The official icai material doesn't specify this point, hence my question
latest answer
No!... Ordinary diligence kese a skti hai... Yhan kuch mentioned nhi hai esa..
Vishnu Muraleedharan
CA Final
★ 32K+
5
2K+
Residential status
Direct Taxation
answered on 21-Sep-23 17:22
Raman, a citizen of India, was employed in Hindustan Lever Ltd. He resigned on 27.09.2021. He received a salary of ₹ 40,000p.m. from 1.4.2021 to 27.9.2021 from Hindustan Lever Ltd. Thereafter he left for Dubai for the first on and got salary of rupee equivalent of ₹ 80,000 p.m. from 1.10.2021 to 31.3.2022 in Dubai. His salary for October to December 2021 was credited in his Dubai bank account and the salary for January to March 2022 was credited in his Mumbai account directly. He is liable to tax in respect of- (a) jncome received in India from Hindustan Lever Ltd. (b) received in India and in Dubai. (c) income received in India from Hindustan Lever Ltd. and income directly credited in india. (d) income received in Dubai.
latest answer
Dubai Income received in India will be taxable since it is Indian Income since it is received in India.
Shruti Ganpati
CA Inter
★ 255
11
831
Sec 115BBE
Direct Taxation
answered on 20-Sep-23 14:43
Mr Mahesh is found to be the owner of 2 gold chain of 50 gms each (value of which is 145000 each) during the FY which are not recorded in his books of account and could not offer satisfactory explanation for the amt spent on acquiring these gold chains. The tax liability will be
latest answer
63800 is retained income
Shruti Ganpati
CA Inter
★ 255
3
1K+
Liquidation of companies
Accountancy
answered on 20-Sep-23 17:43
Is, secretary salary a preferential creditors? If yes, to what extent?
latest answer
Thank you guys 😇
Ashfaq Ahmed
CA Inter
★ 3K+
3
339
Aggregate turnover for registration purpose
Indirect Taxation
answered on 24-Sep-23 19:19
Do we need to consider the "exempt supply" for Aggregate Turnover computation, if the supplier is wholly engaged in exempted supplies who is not operating special category states?
latest answer
As per Sec 23, if person is engaged exclusively in exempt supplies then registration is not required
Chandu vadla
CA Final
★ 11K+
4
382
Taxation
Direct Taxation
answered on 20-Sep-23 14:23
Mr Raman aged 64 years was not able to provide satisfactory explanation to the assessing officer for the investments of 700000 not recorded in the books of the accounts. What is the tax payable amount as per section 69?
latest answer
As per section 115BBE RATE For section 68 to 69D is 78%(60+25+4)
Shruti Ganpati
CA Inter
★ 255
2
1K+