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Test of agency

Corporate & Other Laws

answered on 24-Mar-21 13:30

In test of agency point b) it is given there must be privity of contract but as per privity of contract third party to contract Cannot sue and agency is exception to privity of contract ( read in foundation). I couldn't understand how it could be a test of agency .

latest answer

Ok sir

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

2

1K+

Tax audit report

Direct Taxation

answered on 25-Mar-21 12:06

The company has not submitted tax audit report yet for FY 2019-20. What is the last date we can submit the belated report for the above FY along with penalty...? Can we submit even after end of FY 2019-20..?

latest answer

Yes. If a taxpayer who is liable to get a tax audit done but defaults in doing so, a penalty is charged on the taxpayer. The penalty that is levied on him or her is the least of the following: (i) 0.5% of the total sales or gross receipts or turnover (ii) Rs 1,50,000

Nayan Kumar

Nayan Kumar

CA Inter

0

5

592

Sec.194C

Direct Taxation

answered on 26-Mar-21 22:26

As per 194C - Any contract agreement as per IT Act.

latest answer

Ok Mam ..Thank u

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

6

807

Financials Preparation

Corporate & Other Laws

answered on 29-Mar-21 15:24

Loan Paid by the director on behalf of the company and it's paid by director's personel savings account. How it's accounted and what are the document maintain by the company.

latest answer

If you are handling a real life case involving all these complexities, we suggest you to take help of a practising chartered accountant and a company secretary.

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

6

536

Doubt

Corporate & Other Laws

answered on 29-Mar-21 22:11

Sir can u please provide some tips on how to prepare CA foundation Business law paper.

latest answer

reetikaaraju@gmail.com my mail

sai t

sai t

CA Foundation

2K+

14

729

Insurance claims loss of profit polici

Accountancy

answered on 24-Mar-21 18:04

In illustration 10 of insurance claim chapter i didnt understood how did we arrive at uninsured standing charges is =130000

latest answer

I was referring to illustration disscussed in 1fin classes that i have purchased

R Yashwanth Kumar

R Yashwanth Kumar

CA Final

87K+

3

597

Registration

Others

answered on 28-Mar-21 08:09

Please anyone can guide me how to register for group 2 because i had registered for only group 1

latest answer

SSP Portal.

Kumar Sarthak

Kumar Sarthak

CMA Final

12K+

1

658

Double dhamaka 2 offer

Others

answered on 23-Mar-21 18:44

What does exactly mean of double dhamaka offer ?

latest answer

---> During Damaka 1 you can purchase any course @15% discount on Price. ----> Damaka 2 is about free access to all courses during given period;)

Kartik Varmora

Kartik Varmora

CA Final

4K+

1

920

Applicability of CARO for May 2021 exams

Auditing

answered on 24-Mar-21 12:02

Sir, should we learn CARO,2016 or CARO,2020 or both for May 2021 examination?

latest answer

Thank you sir..

Sreelal Sreenivasan

Sreelal Sreenivasan

CA Inter

0

2

659

Revision

Auditing

answered on 24-Mar-21 10:51

Hello sir, How I should start revision of audit? In what sequence I should do the topics/chapters/SAs and referring your notes would be enough or I should refer module too side by side.

latest answer

Follow the suggestions by faculty in the video. IL notes will be good

Neha Gupta

Neha Gupta

CA Final

4K+

1

639