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Can u please explain the explanations in simple wrds

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Shruthi V

Shruthi V

CA Inter

0

01-Oct-20 15:21

19

Answers (3)

Exp - 1 : If interest paid as well as received - net amount is considered 2. If a member is in representative capacity- say representing a company then transactions in non-representative capacity are not considered 3. If member in individual capacity, then representative not considered.


Suraj Lakhotia

Suraj Lakhotia

Admin

01-Oct-20 15:52

What is representative & individual capacity sir


Shruthi V

Shruthi V

CA Inter

0

01-Oct-20 15:56

For e.g. representing a company or a minor.


Suraj Lakhotia

Suraj Lakhotia

Admin

01-Oct-20 16:10

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