Forums
Dissolution by notice - Indian Partnership Act
Corporate & Other Laws
answered on 20-Dec-23 06:53
As per section 43, when a firm is dissolved by notice, it is dissolved from the date mentioned in notice (if any) or the date of communication of notice Q16 of the Textbook MCQ is: "Mr. A, partner of ABC Associates give notice in writing to all other partners i.e. Mr. B and Mr. C of his intention to dissolve the firm on 01.09.2020. Such notice was dated 30.08.2020. In the given case, the firm stands dissolved with effect from____" Answer is given as 30.08.2020. Shouldn't it be 1.09.2020 since he intends to dissolve the firm on 1.09.2020? Date of communication is 30.08.2020
latest answer
Ok ma'am, thank you for your quick response
Vishnu Muraleedharan
CA Final
★ 32K+
2
631
As9
Accountancy
answered on 18-Dec-23 20:18
Here title passes at the time when goods arrive at customer premises Or Title passes after 1 month from date of goods arrive at customer premises I am not able to understand that line??
latest answer
The answer will be GH shd recognize revenue when goods are reached the customer, as in question they have given risk related to shipment is of GH as they have taken insurance
Krishnan K
CA Inter
★ 5K+
2
453
Finance Act, basics
Direct Taxation
answered on 22-Dec-23 17:31
Example Finance Act 2023 came on 1/2/2023 said tax rate 10% Finance Act 2022 came on 1/2/2022 said tax rate 7% 1) Person earned income ₹1000 in year 22-23 will pay tax in 23-24 tax rate will be 7% or 10% For part 1, part 2, part 3 2) Person earned income ₹3000 in year 22-23 will pay tax in 23-24 tax rate will be 7% or 10% For part 1, part 2, part 3
latest answer
Same logic applies for Finance ACT 20222 also right. So apply that logic.
Sushmita Chowdhury
CA Inter
★ 2K+
11
707
doubt for 34th solution
Financial Management
answered on 21-Dec-23 11:01
COMPUTATION OF KO AFTER NEW PROPOSAL HERE KE* WE - Directly consider wiighted equity (WE) value consider =0.5 how this calculation ??? Video Details Course: Financial Management Module: Cost of Capital Section: Illustration 34 [Q2 RTP Nov 21]
latest answer
at 14.18 did faculty not say Debt and equity are of same value ? If that is case will weight of debt and equity not be 1:1 i.e 50:50
Mallanagowda S
CA Inter
★ 260
1
434
Business valuation
AFM
answered on 18-Dec-23 19:34
Why tax is 123 instead of 120 given in qn?
latest answer
410 * 30 percent tax rate
SAI CHANDANA KONKA
CA Final
★ 6K+
1
438
Local authority, basic tax
Direct Taxation
answered on 18-Dec-23 19:25
Local authorities is taxable in what regards ? As in municipalities don’t do any business..
latest answer
Thank you
Sushmita Chowdhury
CA Inter
★ 2K+
2
488
Financial ratio chapter
Financial Management
answered on 21-Dec-23 14:35
In this question cost of goods sold of rupees 18,00,000 is printed in textbook.. Video Details Course: Financial Management Module: Financial Analysis & Planning - Ratio Analysis Section: Illustration 4: Ganapaty Ltd - Part 1
latest answer
We have updated the notes in the free resources section with changed question in relevant pages - appreciate your feedback. The free notes can be accessed here https://1fin.page.link/LS8cq7D14wEMJCNdA
Harish Kumar
CA Inter
★ 180
3
548
Conversion to new scheme
Others
answered on 18-Dec-23 16:41
I had registered to inter on Feb 2020 . I have cleared my inter both groups and started my articleship. now the registration expires on Feb 2024 . Should I apply for ca final before it expires or leave it as it is.
latest answer
Ok sir
Kiran Vijay
CA Final
★ 4K+
12
584
AS 3
Accountancy
answered on 18-Dec-23 10:06
AS 3 Video lecture: illustration 9 Receipt of grant for capital projects is considered as financing activity in the lecture But it's considered as an investing activity in the icai material What should we consider in exam?
latest answer
Okay sir
Monika T
CA Final
★ 7K+
3
607
Payment of tax chapter
Indirect Taxation
answered on 22-Dec-23 12:24
Sir in this when ITC is wrongly availed and utilised the rate of interest is 18% or 24% Video Details Course: Indirect Taxes - GST (I) Module: Tax Invoice: Credit and Debit Notes Section: S.31(4) & (5) - Continuous Supply of Goods/Services
latest answer
As per law, the maximum rate is 24%. The rate notified as of now is 18%. For exam, it is 18%.
Lavi Lavanya
CA Inter
★ 6K+
3
473