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Audit and Auditors
Corporate & Other Laws
answered on 16-May-22 19:59
Here prejudicial means favour or adverse ?
latest answer
Adverse
Balaji R
CA Final
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GCA
Corporate & Other Laws
answered on 16-May-22 18:27
Can someone pls explain me the concept of repeal in brief
latest answer
Thanks:)
Be The Change
CA Inter
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542
Partnership Act
Corporate & Other Laws
answered on 16-May-22 17:59
Is section 19(2) are the exceptions where implied authority of partner doesn't bind the firm. Also explain this example 5
latest answer
Yes , Sec 19(2) clearly states that the "Implied authority of a partner DOS NOT EMPOWER HIM to ....." These are the exceptions and beyond the scope of the implied authority of the partners. Example 5 - Here X , without the authority has borrowed and executed a promissory note which does not bind the firm as it's not part of ordinary business to borrow and execute negotiable instruments. The partner can execute , but he is personally liable for it. This is for the ordinary business. But for the commercial business (or) special business the partner can borrow and execute the negotiable instrument on behalf of the firm which binds the firm. So the underlying concept is that the THE IMPLIED AUTHORITY OF THE PARTNER MAY DIFFER IN DIFFERENT KINDS OF BUSINESS. Hope I made some sense.
Sugam SM
CA Final
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What is the answer this question
Corporate & Other Laws
answered on 16-May-22 17:19
What is the answer this question
latest answer
Answer is given in Page No 11 and 12 - 4 (a)(ii)
nisam M
CA Final
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Smal company
Corporate & Other Laws
answered on 16-May-22 15:30
Are the answer given in study material correct?? For both sub questions..
latest answer
You're welcome
Shru Kanda
CA Inter
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493
Indemnity nd Guarantee
Corporate & Other Laws
answered on 16-May-22 20:36
Some cases it is said that Surety is not discharged since the variation was made Beneficial to surety and few cases it is said that Surety is not discharged even if it made Beneficial to Surety. How to distinguish btwn both? How to answer in the exam?
latest answer
Tnx for responding
Be The Change
CA Inter
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bailor and bailee
Corporate & Other Laws
answered on 16-May-22 15:18
in case the bailee mixes the bailor's goods with his own in such a way that it is impossible to segregate them, the bailee pays for the losses of the goods to the bailee. My question is whether the bailee compensates for the cost of the goods or selling price of the goods concerned?
latest answer
Cost of the goods
Vaibhav Gupta
CA Final
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Internal Reconstruction
Accountancy
answered on 16-May-22 14:04
Why is patents and copyrights not written off in this? Question no. 7 Study material. Should we write off only if mentioned in the question?
latest answer
Only goodwill will be written off if nothing is mentioned.
bharath M
CA Final
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CA FINAL MCQs pattern
Others
answered on 16-May-22 17:26
Hi, though I know that there would be case study based mcqs Would there be one liner mcqs also Because in the MCQ booklets there are no small mcqs I am worried about time mgmt.
latest answer
ICAI is increasing the standard of the MCQs , every attempt. They are becoming lengthy , yet easy because we have lot of information provided in the question itself. Patience is the key. Don't worry
THE GAMESMASHER 8242
CA Final
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TDS
Direct Taxation
answered on 16-May-22 12:03
commission /brokerage to underwriter and any security related commission /brokerage is not in ambit of TDS am I right sir , if wrong please correct me sir
latest answer
There are few exceptions of these sorts of commissions or brokerage on which no tax deduction at the source is done under this section. They are: Commission paid to insurance or loan underwriters Any brokerage paid for public issue of securities Any sort of brokerage paid on the transactions of securities that are listed in the stock exchange Payment done by RBI to banking companies Payment as income tax refund Payments towards Financial Corporations under central finance bill Any payments towards LIC policies or other investments in any co-operative societies Payment of direct taxes Income from interest from savings bank account, recurring deposits, Indra Vikas Patra, NSC or Kisan Vikas Patra Interest from NRE account Any payment in respect of commission or brokerage payable by Bharat Sanchar Nigam Limited or Mahanagar Telephone Nigam Limited to their public call office franchisees Any income from a public or private institution which is notified as NIL TDs organization. Any income from interest for the compensation in respect to Motor Vehicles Claims Tribunal
SREEABITHA SENTHILKUMAR
CA Inter
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