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Deposits

Corporate & Other Laws

answered on 09-Feb-23 13:12

If a director or relative of a director file a declaration that the amount is not given out of funds borrowed or accepting loans . Then it is treated as deposit or not?

latest answer

Loan received from directors (including relatives in case of private co.) where declaration in writing is filed stating that such amount is not given out of funds acquired from others SHALL NOT BE CONSIDERED DEPOSITS (as per rules)

Siva Balan

Siva Balan

CA Final

2K+

2

506

Sec 9(5)

Indirect Taxation

answered on 08-Feb-23 15:39

Who is representative for this purpose? Can anyone be representative?

latest answer

Authorised Representative under the GST Act. Any person is entitled or required to appear before an Officer appointed under this Act or the AA or the Tribunal in connection with any proceedings under the Act, he may appear by an authorised representative (except when he is required under the Act to appear personally for examination on oath or affirmation). For this purpose, â??authorised representativeâ?? includes a relative, a regular employee, an advocate, a chartered accountant, a cost accountant, a company secretary, or any person with prescribed qualifications

Sugam SM

Sugam SM

CA Final

9K+

1

456

Exam

Exams

answered on 09-Feb-23 15:04

The existing study material is applicable only upto May 2023 but I'm going to give exam on May 2024 so should I order books now?

latest answer

Start preparing for subjects which does not change over time like Accounting Standards.

Priya Ravi

Priya Ravi

CA Inter

55K+

3

551

* mark

Auditing

answered on 08-Feb-23 16:43

What does the asterisk (*) mark in the name of classes mean?

latest answer

EIS had a couple of years back.

Angel Maria Varghese

Angel Maria Varghese

CA Final

9K+

4

562

SBO Definition

Corporate & Other Laws

answered on 09-Feb-23 11:15

Whether both the definition as per the S.90 and the definition as per Rule 2(1)(h) are applicable or only the Rule is applicable? Whether this Rule substitutes the S.90? Whether SBO Definition as per S.90 is redundant? Please clarify....

latest answer

You are welcome! I'm glad i could help.

Krishna Sankar

Krishna Sankar

CA Inter

370

5

778

Computation of Total Income

Direct Taxation

answered on 08-Feb-23 09:48

Income from lottery Income u/s 111a /112 /112a As Above incomes are taxable at special rates So, we have to add above income in their respective heads or we can directly show tax calculation At special rates below the computation?

latest answer

Hii

Hiren Ghadiya

Hiren Ghadiya

CA Final

1K+

7

659

Relations and functions

Maths & Stats

answered on 08-Feb-23 09:25

Why is it option b for q no. 15? How did you get 2?

latest answer

Option (a) [0,1] is the right answer. See the highlighted portion in the attached pic.

Vedant Vijay

Vedant Vijay

CA Foundation

1K+

1

512

Sets

Maths & Stats

answered on 08-Feb-23 09:31

Can someone help with question no. 12

latest answer

Kindly refer to the attached pic.

Vedant Vijay

Vedant Vijay

CA Foundation

1K+

2

608

Portfolio

AFM

answered on 09-Feb-23 12:12

Can anyone plz solve this que 3b- may 22 exam que Mera icai seh ans match nhi ho rha beta ka Please send solution

latest answer

Ok thank you so much

DRASHTI DHANESHA

DRASHTI DHANESHA

CA Final

1K+

8

652

IND AS-20

Financial Reporting

answered on 08-Feb-23 10:12

Sir How is deferred income treated as liability or asset?

latest answer

Ok sir

Thanusha Lakshmi

Thanusha Lakshmi

CA Final

3K+

2

504