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Negotiable instruments
Corporate & Other Laws
answered on 17-May-21 18:29
Explain both the question attached below.
latest answer
Thankyou sir
Sathiya Bama
CA Final
★ 24K+
4
749
Sec.145
Direct Taxation
answered on 14-May-21 17:32
As per sec.145 talks about the method of accounting. As per the section, the assessee can follow the cash or mercantile system on regular basis. If the assessee follows cash basis presently, after some years he is entitled to choose a mercantile system?
latest answer
No rule as such.
Balamurali Unnithan M S
CA Inter
★ 3K+
8
674
Ratio analysis
Financial Management
answered on 14-May-21 19:30
Is net asset is equal to capital employed?
latest answer
Thank you mam
Miradevi S
CA Final
★ 16K+
5
697
Negotiable instruments act
Corporate & Other Laws
answered on 13-May-21 14:18
15 th question answer is whether a or b
latest answer
Answer would be a - next preceding business day (Sec 25)
Sathiya Bama
CA Final
★ 24K+
2
607
Sec141(3)
Auditing
answered on 14-May-21 19:48
An LLP can be appointed as auditor eventhough it is a body corporate. My question is why LLP can be appointed as auditor?is there any specific reason?
latest answer
In LLP at least one partner rests with unlimited liability this will safeguard the client. To protect the interest of client LLP can definitely cannot escape from the liability so it will be eligible to act as a auditor
Harsha Vardhan
CA Inter
★ 2K+
2
586
Disqualification of auditor
Auditing
answered on 13-May-21 10:43
In disqualification, Relative may hold securities of face value not exceeding Rs.100000. My doubt is face value of Rs. 100000 is for each relative separately or in aggregate?
latest answer
Limit must be calculated in aggregate.
Vicky 027
CA Inter
★ 2K+
2
619
Face value
Accountancy
answered on 13-May-21 12:20
Why all share will have face value 10 and how face value is calculated .
latest answer
Face value of a share, also known as the par value, is the value at which a share is listed on the stock market. The face value of share can be taken up from Rs.1 but Majorly, the shares of Indian companies have a face value of Rs.10. There are no fixed criteria for deciding on the face value of a stock. It is fixed by the company, once it decides to issue its shares and bonds.
Shreesha .T.u
CA Foundation
★ 2K+
2
630
Sec. 40(a)(ii) & Sec. 40(a)(iib)
Direct Taxation
answered on 13-May-21 10:57
Sec. 40(a)(ii) - Income tax ,Sec. 40(a)(iib) - Royalty, licence fees, etc. payable by State Government Undertaking. The expenses mentioned in the below sections are fully disallowed?
latest answer
yes
Balamurali Unnithan M S
CA Inter
★ 3K+
5
790
Sec. 40(a)(ii) & Sec. 40(a)(iib)
Direct Taxation
answered on 13-May-21 10:34
Sec. 40(a)(ii) - Income tax ,Sec. 40(a)(iib) - Royalty, licence fees, etc. payable by State Government Undertaking. The expenses mentioned in the below sections are fully disallowed?
latest answer
yes
Balamurali Unnithan M S
CA Inter
★ 3K+
1
626
Sec.40(a)(i)
Direct Taxation
answered on 13-May-21 10:57
Sec.40(a)(i) - Interest, royalty, fees for technical services payable to a non-resident or outside India without tax deduction. As per the below section, TDS deduction and payment are made in the coming years, then the assessee can claim the expense without disallowance.
latest answer
Okey
Balamurali Unnithan M S
CA Inter
★ 3K+
2
657