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Answer for mcq

Corporate & Other Laws

answered on 06-May-21 14:34

What is the ans for this fir 3 rd ques

latest answer

Relevant doubt. Let's read once carefully: As per Sec 13 of Act, all legislations and regulations, unless there is anything repugnant in the subject or context- (1) Words importing the masculine gender shall be taken to include females, and (2) Words in singular shall include the plural and vice versa So, basically vice versa is for second sentence only

Sathiya Bama

Sathiya Bama

CA Final

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3

658

May ipcc 2021

Exams

answered on 06-May-21 12:59

Sir what will be the expected date for may 2021 exam

latest answer

Depends on Corona Situation. Will have to wait to get clarity

Sajan Gangadharan

Sajan Gangadharan

CA Final

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Salary

Direct Taxation

answered on 06-May-21 08:34

Telephone allowance is exempt allowance or taxable allowance which is provided by emplyer

latest answer

Telephone allowance is completely taxable

SAKTHI VIGNESH

SAKTHI VIGNESH

CA Inter

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Law

Corporate & Other Laws

answered on 06-May-21 12:29

For this question SEC 22 is used in answer, but section 22 is for BoE promissory notes etc so why is SEC 22 used in case of a partnership deed?

latest answer

Yes sir thank you!

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

4

763

Warranty

Corporate & Other Laws

answered on 06-May-21 11:04

On products , we have warranties like 4 years ...is that the same warranty we studied in law , I.e , conditions n warranty chapter??

latest answer

yes

Reetikaa R

Reetikaa R

CA Final

7K+

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Law

Corporate & Other Laws

answered on 06-May-21 09:59

In this question 13(9) and (10) is used However in ICAI module these provisions are contained in points 10 and 11 why so? Which subsections are correct?

latest answer

To add onto above answer. Points in ICAI SM are not sub-sections. They are simply section broken down into points for understanding / presentation. Also, it's okay, if you just write - as per provisions contained in Section 13 of the Companies Act....

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

2

611

Gift / Other Income

Direct Taxation

answered on 07-May-21 00:13

Income taxed in 2 times, For eg. Father earned income by way of salary and he pays tax on the same during the year and he gives some amount to his daughter as a gift. The entire amount is already taxed as salary. But the daughter is offered the same for taxation under income from other sources if the gift amount exceeds Rs.50000? That amount is already taxed by his father.?

latest answer

Yes, I understand. It's 2 person Income.

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

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10

672

Mixed economy

Economics

answered on 05-May-21 20:30

_sir in mixed economy how is central problems question answered_ (1) _what to produce?_ (2) _for whom to produce. (3) _how to produce_ *by using labor insentive or capital insentive*. (4) _what provison is to made for economic gtowth?_

latest answer

Under mixed economy, some sectors decisions will be taken by the government and some decisions by private players. Its just a combination of both capitalistic and socialistic economy.

Shreesha .T.u

Shreesha .T.u

CA Foundation

2K+

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Articleship

Others

answered on 05-May-21 15:41

My principal auditor expired due to covide After completion of 1.6 moths What is the process to change audit firm

latest answer

You can take permission of ICAI and initiate the process.

gowthami saisree

gowthami saisree

CA Final

6K+

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798

Levy and collection

Indirect Taxation

answered on 07-May-21 12:49

As per 9(3) sir If GTA is company is it comes under RCM sir

latest answer

yes. RCM is applicable for company also

M Naresh

M Naresh

CA Final

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