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Mistake of law
Corporate & Other Laws
answered on 25-Sep-23 08:56
I'm struggling with this one for an hour without understanding 😪...(a mistake of law does not render a contract void as one cannot take excuse of ignorance of the law of his own country ) MY DOUBT!! Cannot give excuse means the contract will be void right? Here the contract not void . Why?
latest answer
Misunderstanding/mis interpreting the law doesn't make the contract invalid/void as the ignorance of law is not an excuse In other words not understanding the law, the way it is or not knowing the law aren't valid grounds to invalidate the contact ..
Sonia
CA Foundation
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2
581
Pls check
Others
answered on 25-Sep-23 10:02
I purchased chapter wise sale Money deducted but status failure
latest answer
Thank you sir
Aishwarya Bogadhi
CA Inter
★ 0
5
728
Amalgamation
Accountancy
answered on 26-Sep-23 16:26
Dear Team, In the attached example, components of statutory reserves are treated separately from Reserves and Surplus, 1st Query :- what are the other components of statutory reserve. 2nd Query:- what are the other components of reserves & surplus,other than retained earning, revaluation resv, statement of changes in equity etc.
latest answer
Thankyou Sir.
Namrata Lall
CA Inter
★ 0
6
477
Overhead
Costing
answered on 30-Sep-23 12:12
How this distribution of service dep. To production dep. Has done can anyone explain
latest answer
Got it thanks 👍🏻
Rifhat Khan
CA Inter
★ 28K+
3
592
Cap gains
Direct Taxation
answered on 25-Sep-23 14:38
Sir Please explain grandfathering provision in detailed I've listened the lecture of varun sir but haven't understand to be Frank 😁 Sir told nicely but i can say I'm a little bit slow learner
latest answer
Thanks:)
SAI AKASH GORU
CA Final
★ 750
15
595
House property
Direct Taxation
answered on 25-Sep-23 13:32
Here in this question , fair rent , municipal value , are to be given for each unit i.e. ground floor / first floor , so it is to be taken full for LOP ..but in solution , it is taken half of everything ..like 36k mv , 50 k fair rent ..why not full amount as it has mentioned the word each and in bracket ground floor/ first floor
latest answer
Got the point .it is taken because the period from which he started using house property is 1-10 to 31-3 ..so from 6 months period , he is using the property for self occupation as well as let out ..therefore it is taken half of everything ..this is the concept when property is acquired or constructed in between the previous year
Samridhi Sareen
CA Inter
★ 830
4
1K+
AS-13 acquisition of shares by the way of exchange of other assets
Accountancy
answered on 24-Sep-23 17:52
What is the meaning of this point ? Please explain with example?
latest answer
If you invt. Some amount in a company, but after few days you need an asset and the amount you invt. in a company is going to sell that asset. So if you need that asset you can exchange the invt. with that asset. Ex: X ltd make an invt. at Z ltd. After few days, Z ltd is going to sell a machinery. X ltd are also need that machinery. So X Ltd made an exchange of Machinery with that invt.
Atharv Sankliya
CA Final
★ 3K+
1
409
Depreciation EASY
Accountancy
answered on 26-Sep-23 11:47
In this sum , as on end of 8th year , we know that the residual value and useful life have changed. But why in this sum , as on end of 8th year ,we not accounted for change and accounted for change in depreciation from year 9 onwards.
latest answer
Thank you ❤️
Krishnan K
CA Inter
★ 5K+
9
446
Capital gain
Direct Taxation
answered on 24-Sep-23 18:47
If capital gain is eg 16 lac ..and house property Is purchased for 5 lakh , and investments in nhai bonds also have been made upto 30 lacs ..so at the time of calculation of nhai bonds exemption , the lower of balance of 11lac capital gain and 30 lac nhai bonds investment is to be taken and or the lower of 16 lac and 30 lac is to be taken ..like if exemption claimed in one investment has been made from capital gain computed , then balance is to be taken as capital gain for next investment or whole capital gain amount is to be considered
latest answer
11L or 30L whichever is lower since the maximum exemption cannot exceed the amount of capital gain.
Samridhi Sareen
CA Inter
★ 830
3
486
SLR Ratio?
Accountancy
answered on 24-Sep-23 10:14
iIllustration 1-Unit 6 - Banking Comp- pg.8.90 Is the SLR 18% or 23%? in the book it is given as 23% while calculating excess liquidity?
latest answer
23% is older ratio. Now it is 18%
Aabith Sha
CA Inter
★ 8K+
1
462