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Gratuity act
Corporate & Other Laws
answered on 19-Jun-23 10:06
This is true or false question Answer given in book is false Can anyone explain the meaning of this sentence
latest answer
what the doubt in 4th>
Sneha Kasturi
CA Inter
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4
601
liability limited by gaurantee
Corporate & Other Laws
answered on 15-Jun-23 21:37
pls explain me the highlight point at the time of wind up if assets are insufficient to meet up the expenses only then they would bring money ? whts within 1yr
latest answer
The amount of guarantee can only be called from member at the time of winding up if assets are insufficient in these two situations: 1. If at the time of winding up, person is a member 2. The member has sold the companies shares and within one year of such sales, the company is wound up. Which means that lets say a members sells the shares f the company and he is no longer the member of the company and after 2 years (more than 1 year) of him leaving, the company is wound up, then he will not be asked to pay the guarantee amount. So upto one year of member leaving the company, if the company is wound up, he can be asked to contribute guarantee amount in case assets are insufficient.
Sushmita Chowdhury
CA Inter
★ 2K+
1
403
charitable Co
Corporate & Other Laws
answered on 15-Jun-23 21:15
for 5 point = CG is RD or ROC as per 7,8 for point 6 = for conversation to any other kind of Co..won't they have to take permission of CG along with SR ? & here CG is RD or ROC ?
latest answer
The power for alternation of MoA & AoA as well as power to revoke license has been delegated toby Central Government to Regional Director (Notification S.O. 4090(E),19th December, 2016)
Sushmita Chowdhury
CA Inter
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1
505
Exceptional item
Accountancy
answered on 16-Jun-23 09:30
Does disposal of short term is considered as exceptional item?
latest answer
No. Need more context.
Atharv Sankliya
CA Final
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1
469
Surcharge
Direct Taxation
answered on 13-Jun-23 12:09
Why surcharge is levied on the income below the threshold limit.
latest answer
Surcharge is not tax on already taxed income by different authorities, it is additional amount charged by same authority as % on tax if the income is more than the threshold amount
N.Gokulnath
CA Inter
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5
470
CA INTER
Others
answered on 12-Jun-23 17:04
I am going to give my cma inter attempt this december 2023 if i qualify both groups can i directly give ca inter attempt May 2024?
latest answer
Ok Sir..Thank you Sir
Sadhvi
CA Inter
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6
441
Company a/c
Accountancy
answered on 13-Jun-23 13:00
Journal entry for the question
latest answer
Shares Applied for: 1500 Share Issued / forfeited: 600 Pro-rata: 1500:600 = 5:2 Paid Value + premium = 7 + 2 Unpaid Value + premium = 3 + 1 Since Application and Allotment value is not specified, we assume that there is no excess payment to be adjusted in call money Journal Entries in the books of Tushar Ltd. Share Capital A/c Dr. (600 x 10) 6,000 To Share first and final call A/c (600 x 3) 1,800 To Share Forfeiture A/c (600 x 7) 4,200 (600 Shares forfeited for non-payment of first & final call money) Bank A/c Dr. (400 x 9) 3,600 Share Forfeiture A/c Dr. (400 x 1) 400 To Share Capital (400 x 10) 4,000 (400 Shares reissued at Rs.9 as fully paid up) Bank A/c Dr. (100 x 11) 1,100 To Share Capital (100 x 10) 1,000 To Securities Premium A/c (100 x 1) 100 (100 Shares reissued at Rs.11 as Rs.10 paid up) Share Forfeiture A/c Dr. (400 x 1) 3,800 To Capital Reserve A/c 3,800 (Excess in Share forfeiture transferred to Capital Reserve A/c)
Diya Kandoi
CA Inter
★ 0
3
560
Indirect Tax
Indirect Taxation
answered on 13-Jun-23 10:42
Sir W.e.f from 18/7/2022 amount charged by Cord blood bank for preservation of Stem cells is Taxable(In Class) But In questwyou said it is exempted Now what we must consider Whether taxable or exempt
latest answer
Most welcome.
Surya Prakash
CA Final
★ 19K+
3
510
bank o/d
Accountancy
answered on 12-Jun-23 20:21
Where this shall be disclosed?
latest answer
It is Assumed that It will repaid in one year so short term borrowings If no idea about repayment then long term borrowings In Practical Life it is shown in loans and liabilities
Sugam SM
CA Final
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3
488
anxiety
Others
answered on 13-Jun-23 13:14
also how to stop being anxious? my anxiety is mainly due to loneliness
latest answer
In a day, find atleast sometime when you and your family members could be together, share your feelings and eat together. Have some quality family-time in a day. Trust me, this really works magic. Whatever problem you have, just cry it out to your family members. Nobody else can better console you than them. Their words are the real motivation. They are always with us, both in hard times and happy times. So, try to spend sometime with your family.
Shrinidhi K
CA Inter
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5
475