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Indigo learn Mock Test
Exams
answered on 30-Jun-21 06:31
How to attempt the omr?
latest answer
foxit pdf
siva chaitanya
CA Final
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7
282
Deduction
Direct Taxation
answered on 30-Jun-21 13:16
In section 80CCD, on the closure of the account or opting out of the pension scheme, 60% of the withdrawal is exempt then 40% is chargeable under which head of income?
latest answer
Section 17(1)(iii) includes pension and annuity. Section 17(2)(vii) includes NPS contribution as perquisite. Section 17 says "For the purpose of sections 15 and 16" So, for employee, it should be taxable under salaries but if it is not employee then it is taxable under other sources.
Neha Gupta
CA Final
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2
302
Whether correct answer is d or e?
Economics
answered on 30-Jun-21 08:06
Capitalist economy uses......... to solve economic problem(D)impersonal forces of market demand and supply.(E)price mechanism.(F)external reports(G)economic theories
latest answer
E happens because of D and not the otherway around
MATURU HAMSA GAYATRI
CA Final
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3
264
Auditor
Corporate & Other Laws
answered on 29-Jun-21 18:09
An individual is eligible to be an auditor if he is a CA , as per section 141(1). Where is the condition relating to certificate of practice mentioned?
latest answer
The word "chartered Accountant" is defined in section 2(17) which says that chartered accountant is the one who holds valid certificate of practice under the chartered accountants Act. In section 141 and throughout the Companies Act wherever the word chartered accountant is used we will understand it as practicing chartered accountant.
Aman Mahajan
CA Final
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1
258
Auditor
Corporate & Other Laws
answered on 03-Jul-21 18:05
Why canâ??t a company be an auditor of another company?
latest answer
issues of reputation, limited liability, individual responsibility - same reason lawyers are not allowed to form companies for representing cases
Aman Mahajan
CA Final
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3
293
Declaration and payment of dividend
Corporate & Other Laws
answered on 29-Jun-21 18:54
Sir in this question Even though he was not invested why we are taking 100 Rs. As investment
latest answer
Dividend is on face value of shares and not on paid up value
M V Naresh
CA Final
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1
247
Declaration and payment of dividend
Corporate & Other Laws
answered on 29-Jun-21 17:54
Sir in this question Even though he was not invested why we are taking 100 Rs. As investment
latest answer
Unless there is a provision in the article of association to pay the dividend in proportion to paid up capital, generally the dividend is paid on the full nominal value of the share. ( Section 51) Accordingly here 10% dividend is calculated on the full nominal value for 5000 shares even though the paid up value is less. Reason being there is nothing stated about it in the article of association.
M V Naresh
CA Final
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1
228
Insurance claims
Accountancy
answered on 29-Jun-21 19:27
In problem no.8 y they calculate upaward trend 15% only for thr last year sales in adjusted annual turnover
latest answer
Ok ji thank you so much
Likhitha Sivani
CA Inter
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8
234
Mcq
Corporate & Other Laws
answered on 29-Jun-21 19:07
Explanation needed
latest answer
Proxies are not considered for quorum, but authorised representative is. So we have 13 members + Mr. A + Mr. A as authorised rep of ABC Ltd. = 15 i.e. quorum is present
Sathiya Bama
CA Final
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6
279
Amalgamation question
Accountancy
answered on 29-Jun-21 15:11
In this question out of 5,30,000 1,10,000 preference issued at premium 10%... They saying equity shares of vayu ltd issued at 5% premium.... 400000 is the shares and 20000 is the premium.... How cum 400000& 20000 shares
latest answer
20000 is premium not shares...
Triveni Patil
CA Inter
★ 290
1
241