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ITC on repairs and maintenance
Indirect Taxation
answered on 20-Aug-24 16:27
In a business, a car is used to send staff to a client’s location for providing services. In this case, can ITC on repairs and maintenance expenses for this car be claimed?
latest answer
No. ITC is blocked on Motor vehicle where the seating capacity is less than 13 persons.
R Monika
CA Final
★ 210
3
291
Contract of agency
Corporate & Other Laws
answered on 20-Aug-24 00:56
Question [1/1] Mr. Raj appoints Mr. Vinay as his agent to manage his real estate properties. On March 1, 2023, Mr. Raj grants Mr. Vinay the power of attorney to sell a particular piece of land. However, on April 1, 2023, Mr. Raj suddenly passes away in an accident. Unaware of Mr. Raj’s death, Mr. Vinay negotiates and enters into a sale agreement for the land on April 15, 2023, with Mr. Suresh for ₹50 lakhs. Later, Mr. Suresh learns of Mr. Raj's death and refuses to complete the transaction, arguing that Mr. Vinay had no authority to sell the land after Mr. Raj's death. Analyze the legal implications of this scenario can Mr.Vinay proceed to make the sale..?
latest answer
Agency terminates on death. However, termination does not take effect unless agent knows about it. Hence here, agent has authority to transact as he was unaware of death of principal.
Alfiya N
CA Foundation
★ 590
1
251
Contract of agency
Corporate & Other Laws
asked on 19-Aug-24 20:57
Question [1/1] Mr. Raj appoints Mr. Vinay as his agent to manage his real estate properties. On March 1, 2023, Mr. Raj grants Mr. Vinay the power of attorney to sell a particular piece of land. However, on April 1, 2023, Mr. Raj suddenly passes away in an accident. Unaware of Mr. Raj’s death, Mr. Vinay negotiates and enters into a sale agreement for the land on April 15, 2023, with Mr. Suresh for ₹50 lakhs. Later, Mr. Suresh learns of Mr. Raj's death and refuses to complete the transaction, arguing that Mr. Vinay had no authority to sell the land after Mr. Raj's death. Analyze the legal implications of this scenario can Mr.Vinay proceed to make the sale..?
latest answer
No answers yet!!
Alfiya N
CA Foundation
★ 590
0
212
Sharpes opitamal portfolio model
AFM
answered on 19-Aug-24 20:54
Sir in this illustration 1st step is to rank portfolio based on Treynor model. So formula is Ri-Rf/B where Ri is Actual Return and this how we calculated for previous illlustartion(65).But in this illustration Expected Return is calculated and taken even though actual Return is given.Why?
latest answer
It is expected return in both cases as portfolio weights are based on future expected return & expected volatility and not past return data In Q 67 also the wording in the table in the question says expected return and not actual return
Bhoomesh Velan
CA Final
★ 3K+
1
251
equity investments
CFA
answered on 19-Aug-24 17:15
The values of a price return index and a total return index consisting of identical equal-weighted dividend-paying equities will be equal @ inception what is total return index??is it same as equal weighted index
latest answer
Price return considers just prices of securities say prices all stocks of Sensex A total return index not only considers prices, but also considers dividends i.e dividends of senses stocks also add up to total return on the numerator Equal weighted index weighs all its constituents equally and not as per m cap
Dhakshana Dhakshana
CFA L2
★ 18K+
1
363
ill8
AFM
answered on 19-Aug-24 17:09
sir while calculating terminal Cf Rs.16637.5 we taken Rand Cf after adjusting inflation ie at nominal value As 90000*1.4^3 but INR Cf we took As per real value CF 2500 Why sir . b4 in one of questions we calculated like this for finding Terminal CF.
latest answer
That is a typing error. computation is correct 19965 + ( 3327.5) = 16637.5 19965 + ( 2500) = 17465 We took correct number but there was a typo in computation text
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
1
240
gordon model
Financial Management
answered on 22-Aug-24 12:31
Why is K(e) lower when pay out is higher?
latest answer
When payout is higher, the share holder receives the dividend and hence there is less risk and as risk is lesser Expected Return is also lesser
Preethi S
CA Inter
★ 2K+
1
188
Negotiable instrument
Corporate & Other Laws
answered on 20-Aug-24 01:07
Mam you told according to section 57 person who endrose can make both endorsement and delivery then only it valid you told mam I have a if Mr.B endrose but he not deliver before delivery he dies . If Mr.b authorize legal representative for delivery of instrument after his death . in this case it is valid ah mam tell mam
latest answer
If we go strictly as per law, then its not valid. If delivery is not completed before death, then it cannot be negotiated by Legal representative after death.
Balaji raghu
CMA Inter
★ 980
1
220
IND AS 36
Financial Reporting
answered on 19-Aug-24 16:55
SIR CAN YOU PLEASE GIVE AN EXAMPLE FOR PERIOD EXCEEDING THE PERIOD COVERED IN LATEST BUDGET OR FORECAST.
latest answer
You mean computation or explanation.
Umayal Lakshmanan
CA Final
★ 6K+
1
152
IND AS 36
Financial Reporting
answered on 19-Aug-24 16:57
SIR, WHAT IS LONG TERM AVERAGE GROWTH RATE SIR.
latest answer
It is a growth rate which the management considers to estimate cash flows. Long term means generally more than 3-5 years.
Umayal Lakshmanan
CA Final
★ 6K+
1
162