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SCH-1, PART-1,CLAUSE -2(PROFESSIONAL ETHICS)
Auditing
answered on 17-Dec-23 10:25
SIR, CAN A CA SHARE FEES OR PROFITS WITH HIS FAMILY MEMBERS EXAMPLE CA .X DONE ONE COMPANY AUDIT AND FEES IS EQUIVALENT TO 10LAKHS CAN HE ASK CLIENT TO SHARE TO HIS MOTHER ACCOUNT OR HIS PERSONAL HUF ACCOUNT PLEASE ANSWER THE QUESTION Video Details Course: Advanced Auditing & Professional Ethics (Without SA) Module: Professional Ethics Section: Clause 2 - Cannot share fees etc
latest answer
No. Client will bill it in the name of CA. later, if he wants to share with his family members, its his call, He cannot ask client to divide payment like that. Sharing fees is basically you don't receive full fees. part of it is shared with someone,
Surya Prakash
CA Final
★ 19K+
1
467
Consumers surplus
Economics
answered on 17-Dec-23 08:02
A rise in price of a good_____ the consumers surplus A. Increase B. Decrease C. Remain constant
latest answer
B. Decrease When the price of a good rises, the consumer surplus decreases. Consumer surplus is nothing's But , what consumers are willing to pay for a good and what they actually pay
Devi sri K
CA Foundation
★ 7K+
2
455
Charge
Indirect Taxation
answered on 18-Dec-23 07:38
Point 1 & 3 are contradictory cause ECO is collecting the tax to pay for 9(5) services As in who pay tax will collect tax … Where am I wrong ? Video Details Course: Indirect Taxes - GST - Free Modules Module: Taxable Event - Supply - Free Section: Supply - 7(1)(a)
latest answer
Since ECO itself is liable to pay tax there is no need to collect TCS
Sushmita Chowdhury
CA Inter
★ 2K+
2
443
Theory of demand
Economics
answered on 19-Jan-24 17:35
The answer is infinity. Please explain.
latest answer
For a straight-line demand curve, the price elasticity of demand changes at different points along the curve. At the point where the demand curve meets the y-axis, the price is at its maximum and the quantity demanded is zero. At this point, no matter how much the price changes, the quantity demanded remains zero.
Satya balaji
CA Foundation
★ 19K+
2
468
Charge
Indirect Taxation
answered on 18-Dec-23 07:38
1) motor car = what does other than transport vehicle mean 2) specified premises = equivalent mean ?
latest answer
Right
Sushmita Chowdhury
CA Inter
★ 2K+
2
425
LLP
Corporate & Other Laws
answered on 17-Dec-23 05:52
If there is procedure for cease of partner mentioned in LLP agreement , then follow LLP agreement If no procedure mentioned in LLP agreement,then notice before 30 days of resignation shall be provided. My doubt is If There is procedure mentioned for cease of partner in LLP agreement, then we still need to comply with issue of notice before 30 days of resignation or just follow procedure mentioned in LLP agreement ??
latest answer
yes
Krishnan K
CA Inter
★ 5K+
5
342
IndaAs-16 : illustration 1
Financial Reporting
answered on 18-Dec-23 15:57
Why we are not creating provision for interest in the first year? Video Details Course: Ind AS - CA Final Module: Ind AS 16 Property, Plant and Equipment Section: Illustration 3, 4 & 5 : Initial measurement
latest answer
We created at end of first year. Entry is also passed.
Shia Reciters
CA Final
★ 0
1
326
Section 45 of Indian Partnership Act, meaning
Corporate & Other Laws
answered on 28-Dec-23 09:25
Section 45 of the Indian Partnership Act- "Provided that the estate of a partner who dies, or who is adjudicated an insolvent, or of a partner who, not having been known to the person dealing with the firm to be a partner, retires from the firm, is not liable under this section for acts done after the date on which he ceases to be a partner." Why is this part of significance? Isn't this already covered under the relevant provisions for a Retiring, Insolvent or Deceased partner?
latest answer
Section 45 specifically talks about liability for the acts of partners after dissolution, it has two objectives one is to protect the third parties dealing with the firm without knowing about its dissolution and second to protect partners of the dissolved firm from any liability towards third person. The emphasis here is on the consequences of dissolution.
Vishnu Muraleedharan
CA Final
★ 32K+
6
917
Partnership
Corporate & Other Laws
answered on 17-Dec-23 11:25
can one major and 2 minor form new partnership company
latest answer
No, a minor is not competent to contract and a firm with one major and 2 minor partners cannot be formed. Minor can only be admitted to the benefits of partnership.
Sruthi sruthi
CMA Inter
★ 640
2
417
Illustration - Place of Supply
Indirect Taxation
answered on 22-Dec-23 12:27
Where can I find the Place of Supply illustration question solved in the lectures. Under Free Resources Section only notes are available?
latest answer
Rule 3 of IGST Rules. Thank you.
Soon to be CA
CA Inter
★ 4K+
5
415