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Capacity to contract

answered 6 hrs ago

What is the provision and the conclusion of the given cases?

latest answer

What is the exact provision from Indian contract act 1872?

Adarsh Gudivada

Adarsh Gudivada

CA Foundation

24K+

3

49

AS-1

answered 1 day ago

As per AS-1 Disclosure of accounting policies' any change in an accounting policy can be called out under any of the three circumstances a) requirements of law / statute b) requirement of accounting standard c) for better presentation ,which has a material effect should be disclosed in the financial statements ,the AMT by which any item in the financial statements is affected by such change should also be disclosed to the extent ascertainable where such amount is not ascertainable, wholly or in part ,the fact should be indicated .Is this ok for the provision para for case based question related to AS-1 sir?

latest answer

Thank you sir

SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

295

2

36

AS 16 - Illustration 6 (May 2019)

answered 1 day ago

Can we assume that the specific loan has been utilized fully on 1st April itself, instead of assuming that it has been utilized proportionately throughout the year?

latest answer

Got it sir. Thank you so much.

Nivedha Balaji

Nivedha Balaji

CA Inter

8K+

5

43

Answer for mcq

answered 1 day ago

What is the ans for this fir 3 rd ques

latest answer

Relevant doubt. Let's read once carefully: As per Sec 13 of Act, all legislations and regulations, unless there is anything repugnant in the subject or context- (1) Words importing the masculine gender shall be taken to include females, and (2) Words in singular shall include the plural and vice versa So, basically vice versa is for second sentence only

Sathiya Bama

Sathiya Bama

CA Inter

5K+

3

33

May ipcc 2021

answered 1 day ago

Sir what will be the expected date for may 2021 exam

latest answer

Depends on Corona Situation. Will have to wait to get clarity

Sajan Gangadharan

Sajan Gangadharan

CA Inter

2K+

1

38

Salary

answered 1 day ago

Telephone allowance is exempt allowance or taxable allowance which is provided by emplyer

latest answer

Telephone allowance is completely taxable

SAKTHI VIGNESH

SAKTHI VIGNESH

CA Inter

3K+

2

37

Law

answered 1 day ago

For this question SEC 22 is used in answer, but section 22 is for BoE promissory notes etc so why is SEC 22 used in case of a partnership deed?

latest answer

Yes sir thank you!

Priyanka Udeshi

Priyanka Udeshi

CA Inter

6K+

4

61

Warranty

answered 1 day ago

On products , we have warranties like 4 years ...is that the same warranty we studied in law , I.e , conditions n warranty chapter??

latest answer

yes

Reetikaa  R

Reetikaa R

CA Foundation

4K+

1

26

Law

answered 1 day ago

In this question 13(9) and (10) is used However in ICAI module these provisions are contained in points 10 and 11 why so? Which subsections are correct?

latest answer

To add onto above answer. Points in ICAI SM are not sub-sections. They are simply section broken down into points for understanding / presentation. Also, it's okay, if you just write - as per provisions contained in Section 13 of the Companies Act....

Priyanka Udeshi

Priyanka Udeshi

CA Inter

6K+

2

26

Gift / Other Income

answered 22 hrs ago

Income taxed in 2 times, For eg. Father earned income by way of salary and he pays tax on the same during the year and he gives some amount to his daughter as a gift. The entire amount is already taxed as salary. But the daughter is offered the same for taxation under income from other sources if the gift amount exceeds Rs.50000? That amount is already taxed by his father.?

latest answer

Yes, I understand. It's 2 person Income.

BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

10

48

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