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Buy back

Corporate & Other Laws

answered on 18-Jan-21 11:29

Can we use proceeds from fresh issue of debentures to buyback

latest answer

This cannot be used for the purpose of CRR

Banda Veeresh

Banda Veeresh

CA Inter

35K+

1

671

MCQ questions for Jan 21

Exams

answered on 20-Jan-21 05:39

In IPCC group 2 old course -for Nov 20 there is no mcq pattern asked?... Is same applicable for Jan 21 or change?

latest answer

There will be normal mcqs and case study based mcqs too...

seshu Kumar

seshu Kumar

CA Inter

61K+

4

790

Supply under gst

Indirect Taxation

answered on 16-Jan-21 21:31

Lottery gambling are supply of goods or supply of services

latest answer

Treated as supply of goods. -> Lottery is an actionable claim -> Meaning of goods u/s 2(52) of CGST Act includes actionable claim -> Schedule-III or negative list (neither supply/service) only incl. actionable claim other than lottery, i.e. lottery, betting and gambling are not covered under Schedule-III

Shru Kanda

Shru Kanda

CA Inter

610

1

662

RoC

Corporate & Other Laws

answered on 16-Jan-21 15:08

Is approval from RoC the same as approval from Central Govt ? As RoC is also set up by CG.

latest answer

No

Aman Mahajan

Aman Mahajan

CA Final

19K+

1

589

Change of Name of a Company

Corporate & Other Laws

answered on 21-Jan-21 18:56

Is Govt. Approval taken before or after passing the Special resolution for change in name of the company?

latest answer

After passing special resolution

Aman Mahajan

Aman Mahajan

CA Final

19K+

2

579

Exam centre

Exams

answered on 20-Jan-21 03:26

As we all know icai has added additional exam centres since Nov 20 attempt onwards.my query is whether these centres are going to be permanent centres?

latest answer

There will be changes as there's more chance that by next attempt more schools and colleges will be open and available as centres for exams

Laxman kumar

Laxman kumar

CA Final

4K+

3

787

Consent

Auditing

answered on 16-Jan-21 22:13

Consent / NOC , from previous auditor is mandatory for income tax audit / company audit?

latest answer

Communication with previous auditor applies to all types of audits. Actually, these things are covered under Code of Ethics for CA's which are in CA Final syllabus.

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

1

659

Query

Others

answered on 21-Jan-21 16:07

Sir do u follow study material from nov 2019 onwards or may 21 onwards for ca foundation??

latest answer

Yes

Reetikaa R

Reetikaa R

CA Final

7K+

3

581

Partner ship

Direct Taxation

answered on 18-Jan-21 11:19

In which head was interest on capital taxed. What Is the treatment of interest on drawings

latest answer

Interest received by a firm from its partners should be assessed as the income of the firm. If both interest on capital and drawings exist, they have to be net off.

muhammedali kk

muhammedali kk

CA Final

64K+

6

704

Law paper

Exams

answered on 15-Jan-21 22:47

How to answer or what are the steps to answer any case law question in law foundation exams

latest answer

Np:)

Amisha Mahajan

Amisha Mahajan

CA Foundation

2K+

5

680