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answered on 30-Mar-21 10:51

In this question why only entries for exercise period is passed Shouldn't we pass entry on 31.3.X1 as the year end is before the excercise period? Please explain this sum

latest answer

The question is only asking for journal entries for the year ended 31.3.20X2

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

1

1K+

ROC

Corporate & Other Laws

answered on 02-Apr-21 12:49

If the company is omitted from the filing of one-year financials to the ROC. What are the consequences?

latest answer

Thank u sit

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

5

683

TDS on interest paid on loans and advances other than from bank.

Direct Taxation

answered on 02-Apr-21 12:55

Limit is 5000 and rate is 10%?

latest answer

Okei..Mam Thank u very much

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

2

698

Drawings

Direct Taxation

answered on 02-Apr-21 14:46

Drawings by way of cash, any limits as per IT act.

latest answer

269ST

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

8

608

In restrain to trade

Corporate & Other Laws

answered on 31-Mar-21 10:34

Trade combination is an exception to in restraint of marriage .what does that mean ???

latest answer

No. In cartel, objectives are different. Simple example of trade combination could be 'Shopkeeper Association'

Reetikaa R

Reetikaa R

CA Final

7K+

4

750

Negotiable instrument

Corporate & Other Laws

answered on 31-Mar-21 07:11

Can some one explain the meaning of section 46 of negotiable instrument act (in below image)

latest answer

Thank you sir

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

2

744

Misrepresentation

Corporate & Other Laws

answered on 30-Mar-21 10:40

Can the aggrieved party sue for damages or not ?? The difference given below is confusing ...it first says , can sue for damages and then cannot claim for damages .which is correct???

latest answer

It doesn't anywhere say that in case of Misrepresentation, injured party can sue for damages. Injured party can repudiate (cancel) the contract or sue for restitution (restoration).

Reetikaa R

Reetikaa R

CA Final

7K+

5

672

Breachof contract

Corporate & Other Laws

answered on 29-Mar-21 22:24

A fraud committed by a party is a breach of contract??

latest answer

Breach means failure of a party to perform their respective obligations known as breach.As case above a party committed fraud as there is no consensus ad idem between two parties so automatically the contract becomes voidable

Reetikaa R

Reetikaa R

CA Final

7K+

4

667

Composition scheme

Indirect Taxation

answered on 30-Mar-21 12:29

If a person registered under CS the supplies must issue bill of supply and need to pay tax from his pocket. If the cs supplier issues bill of supply registered person can get ITC

latest answer

Thank u sir and mam

Krishna kumar

Krishna kumar

CA Final

9K+

19

652

cash flow

Accountancy

answered on 29-Mar-21 19:33

when to use direct and indirect method in cash flow ? how to differentiate

latest answer

thank you

Prasanna Venkatesan

Prasanna Venkatesan

CA Final

3K+

3

604