Forums
Incorporation
Corporate & Other Laws
answered on 29-Mar-21 11:14
What is the difference between company & body corporate?
latest answer
Body corporate: Form of organization which has a status separate from its members - company, LLP, cooperative society etc. It is broader term than company. Company : This includes those specifically formed under Companies Act. Also includes companies which have separate acts like Insurance companies, Banking companies, Electricity companies etc. For companies Act purposes, refer their definitions given in the Act.
aditi dwivedi
CA Inter
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1
833
Inspection of Resolutions
Corporate & Other Laws
answered on 30-Mar-21 10:24
Can a person inspect or obtain copies of ordinary and special resolutions?
latest answer
Copies of resolutions that have been filed with Registrar as per Sec 117, can be viewed i.e. all special resolutions and some ordinary. Further as per Sec 119, members can inspect the minutes of general meeting during business hours at registered office. Such minutes contain details of all resolutions passed. Members can also request copies of such minutes under this section.
Lalit Sanpal
CA Final
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2
573
Interest on free loan and medical expenses
Direct Taxation
answered on 29-Mar-21 15:34
Employer given loan to employee for interest free loan ,why in the video employer provided 6% p.am on interest?
latest answer
If loan is given without interest, it would be treated as perquisite (interest portion)
SHAIK KARISHMA
CA Final
★ 2K+
1
658
Exemptions
Exams
answered on 06-Apr-21 07:51
I have got 2 exemptions in Jan 21 exams . Is there any form I should fill out for exemptions before filling the examination form for may 21 ?
latest answer
Not required .. while filing the exam form .. u will be given a space to fill it.. If ur claiming the exemption u can fill the subject u got exemption .. n apply for the exam
ajith harigovind
CA Inter
★ 0
2
646
Sale
Direct Taxation
answered on 30-Mar-21 00:15
Any limit for receipt of cash for sale as per IT Act?
latest answer
Per year or Per Transaction.
Balamurali Unnithan M S
CA Inter
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2
691
Composition dealer
Indirect Taxation
answered on 29-Mar-21 15:30
.( even if the composition dealer has to pay less tax to govt. But he pays to his supplier full tax which is charged on him from his pocket and doesn't take from customer).... the sentence in the bracket is what I understood about composition dealer please tell me if is it right....... also I have a question can a composition dealer charge MRP to his customer at GST is included in MRP
latest answer
Composition dealer will charge MRP from the customer. And pay 1% (e.g) out of it to the government. He will not take input tax credit. But indirectly whatever he pays to the supplier, will be charged from the customer.
Gauri Shete
CA Final
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1
627
Mcq
Accountancy
answered on 28-Mar-21 22:37
I think it s journal proper.but in given as cash book.QUESTION 6
latest answer
The journal entries are wrong. It is : Cash a/c dr. Discount allowed a/c dr. To debtor a/c You will allow cash discount only when debtor is making you the payment.
Reetikaa R
CA Final
★ 7K+
5
844
Doubt
Economics
answered on 30-Mar-21 11:59
What is the role of rest of the world in factor market.. ?
latest answer
The rest of the world (also known as foreign sector) includes households, businesses, and governments that reside in other countries. The domestic economy trades goods with the foreign sector through exports and imports. Exports are the injections in the national income, while imports act as leakages or outflows of national income.
Sri kanaga Varshini
CA Final
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5
702
Changes in study material
Exams
answered on 28-Mar-21 17:40
I have nov 20 inter study material..I'm gonna appear in may 21..how can I find the changes made in may 21 study material?
latest answer
Thanks
Indhumathi M S
CA Final
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4
683
Freight charged
Accountancy
answered on 28-Mar-21 14:25
Freight charged by creditor is payable immediately right .then how come it s shown in creditor account
latest answer
When frieght charges paid immediately then, Frieght charges A/C Dr **** To Cash **** Here we don't write creditor A/C
Reetikaa R
CA Final
★ 7K+
1
682