Forums
Guarantee
Corporate & Other Laws
answered on 23-Feb-21 22:42
The surety must be competent to contract. The debtor need not be competent. What about the Creditor? Does he need to be competent?
latest answer
Simple, the guarantee contract is between creditor and surety....so to become a valid contract , parties entering into contract should be competent. Debtor need not be competent.
Aman Mahajan
CA Final
★ 19K+
4
596
Rcm
Indirect Taxation
answered on 28-Jan-21 13:44
3 point in 2 nd problem answer was wrong in icai matrial
latest answer
Yes. Central Govt has to pay tax and not Business Entity Notification No. 13/2017 dt. 28.06.2017 entry 5 states that in respect of services other than â?? (i) renting of immovable property; (ii) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government; and (iii) services in relation to an aircraft or a vessel, inside or outside the precincts of an airport or a port, the service recipients (business entities) are required to pay the tax under reverse charge mechanism.
Banda Veeresh
CA Inter
★ 35K+
1
760
Sec 125 of contract act
Corporate & Other Laws
answered on 27-Jan-21 10:05
Whatâ??s the difference between costs and damages?
latest answer
Damages are the awards / amounts a person is required to pay as an order. Costs on other hand is expenses in bringing the suit such as court fees, registration etc.
Aman Mahajan
CA Final
★ 19K+
1
686
Capital gains
Direct Taxation
answered on 28-Jan-21 13:58
What is the difference between amalgamation and merger
latest answer
Amalgamation - one or more companies merge with another company or two or more companies merge to form one company. All assets and liabilities of amalgamating company become that of amalgamated company. 3/4th of shareholders become holders in new company. Amalgamation can be in the nature of purchase ( bigger and financially stronger entity takes over a smaller one.) or merger (two or more companies who share similar operations or are engaged in the same line of business combine) . Under income tax we deal with Amalgamation in the nature of merger.
Siva Kumar
CA Inter
★ 715
3
678
Insolvency
Accountancy
answered on 26-Jan-21 15:50
Chapter 6 unit 1 illustration no. 6
latest answer
Doubt?
Raj Narayan Singh
CA Foundation
★ 0
1
627
Profit prior to incorporation
Accountancy
answered on 26-Jan-21 12:06
Why is tax audit fee divided in sales ratio. shouldn't it be completely post incorporation as audit is required for companies?
latest answer
-> Tax audit has nothing to do with the constitution of the entity. -> It's applicability is based on turnover of the entity in the PY.
Aman Mahajan
CA Final
★ 19K+
1
788
Nov 2020 question paper
Accountancy
answered on 26-Jan-21 15:50
To which category does the compensation received against a suit filed should be taken in cash flow statement
latest answer
Operating activities/Extraordinary items.
Paidala Harish
CA Final
★ 2K+
1
669
valuation of BOND
Maths & Stats
answered on 28-Jan-21 21:29
what is the logic of the valuation bond formula , sir please explain the logic behind the formula why there are two interest rate in bond valuation
latest answer
Thank u sir
nisam M
CA Final
★ 23K+
2
672
Fire insurance
Accountancy
answered on 28-Jan-21 16:22
In video 19 , in the question there s a table right .in that , wat do we call â?¹1270000?? Sir calls it adjusted annual turnover .but why ?? It s standard turnover right ??
latest answer
will rectify the mistake
Reetikaa R
CA Final
★ 7K+
1
631
Direct entry conversion
Others
answered on 26-Jan-21 12:20
Sir i am cleared cpt and not sure on clearing inter this attempt so want to convert to direct entry my i didn't got 55% marks because of online exams they given minimum marks for arrears and and third semester is there any way to register for direct entry now ? ð??
latest answer
Ohh yes got it
Surya .b
CA Final
★ 5
6
620