💥 Cover your entire 100 marks of CA Inter Corporate & Other Laws syllabus for Nov 2023 using this Comprehensive Marathon By CA Sahil Grover sir 🔥🔥

📺 Corporate Law
https://youtu.be/4RtuW_qy4FE

📺 Other laws
https://youtu.be/8huGO_MlA6w

Spcl Features of Marathon lecture:-
💎 All amendments for Nov 23 exams already covered in revision lecture
💎 Entire revision done from revision Notes to ensure easy retention for last day preparation
💎 Each and every topic of syllabus covered
💎 Unique learning skills for ease of learning

A little correction made in this question...Pls consider the changes and then re-evaluate your answer

Important Topics for EIS

Income Tax Question for Today:- Mr. Vikas took a loan of Rs. 15,00,000 @10% p.a. on 1-4-2020 for the construction of residential house for self-occupation. The construction of the house began in June, 2020 and was completed on 30-6-2022. He has not repaid any amount of loan so far. The amount of interest deduction u/s 24(b) for A.Y. 2023-24 is –
(a) Rs. 1,50,000
(b) Rs. 1,80,000
(c) Rs. 2,00,000
(d) Rs. 2,10,000

Law Question for Today:- Ajay Private Limited made private placement offer to identified people. It was clearly stated that such people
have no right of renunciation. Company received share application money within given period of time however
could not allot shares within 60 days from receipt. Now it is duty of Ajay Private Limited to repay the share
application money. Company will be liable to pay interest if they fail to do so. Within how many days Company
has to repay the share application money to avoid interest payment?
a) 15 days
b) 30 days
c) 60 days
d) 90 days

Income Tax Question for Today:- APM Ltd. is a pioneer company in textile industry. At the end of F.Y. 2022-23, it decided to distribute deposit certificates (without interest) to its shareholders (preference as well as equity shareholders). Total value of accumulated profits of APM Ltd. was Rs. 25 lakhs. Mr. A is an equity shareholder of APM Ltd. holding 10% of share capital. During F.Y. 2022-23, Mr. A received deposit certificates (without interest) valuing Rs. 5,00,000 from APM Ltd. Comment upon taxability of receipt of deposit certificates in the hands of Mr. A.
(a) Deposit Receipts (without interest) are taxable to the extent of Rs.2,50,000 under Income from other sources.
(b) Deposit Receipts (without interest) are fully taxable under Income from other sources.
(c) Deposit Receipts (without interest) are exempt since DDT is payable by the company.
(d) Deposit Receipts (without interest) are fully taxable and shall be included in Gross total income. But such receipt shall be allowed as deduction under Chapter-VI A

Law Question for Today:- Corrupt Limited has received a request from Mr. Suresh for transfer of 100 partly paid equity shares, to Mr.
Ramesh. However, Mr. Ramesh expired in the meantime, but no intimation of the same has been received by
the company. In the given circumstances, advise as per the provisions of the Companies Act, 2013:
a) Corrupt Limited will not register the transfer the shares in the name of Mr. Ramesh, without verification
from Mr. Suresh
b) Corrupt Limited can register the shares in the name of Mr. Ramesh as it is not aware of the un toward
incident.
c) Corrupt Limited will not register the transfer the shares in the name of Mr. Ramesh, without verification
from Mr. Ramesh
d) Corrupt Limited will give the shares back to Mr. Suresh

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Hi all
Many Students have asked me this doubt that if their CA Exams and Graduation exams are clashing this time, what should they do

Have tried to answer in this video
https://www.instagram.com/reel/CxvVyZYrM2r/?igshid=MzRlODBiNWFlZA==

Income Tax Question for Today:- Mr. Raja, a proprietor, commenced operation of the business of a new three star hotel in Mumbai on 1.7.2022. He had made a total investment of Rs. 7.58 crores till 30.6.2022. Out of total investment of Rs. 7.58 crores, Rs. 1.58 crores was used for purchase of land in P.Y.2022-23. Rs. 4.70 crores was used for constructing Hotel and balance of Rs. 1.30 used for purchasing the furniture in P.Y. 2022-23. He wants to avail the benefit of deduction under section 35AD as he satisfied with all the conditions prescribed u/s 35AD. His profit and gains from the business for P.Y. 2022-23 is Rs. 50 lakhs before claiming deduction u/s 35AD. He wants to file his income-tax return on 12.12.2023. How much deduction Mr. Raja can claim for A.Y. 2023-24 and the losses which he can carry forward to A.Y. 2024-25?
(a) He can claim the deduction of Rs. 7.58 crores from his business income but he would not be able to carry forward the business loss of Rs. 7.08 crores
(b) He can claim the deduction of Rs. 6.00 crores from his business income and can carry forward the business loss of Rs. 5.50
(c) He can claim the deduction of Rs. 6.00 crores from his business income but cannot carry forward the business loss of Rs. 5.50 crores
(d) He can claim the deduction of Rs. 7.58 crores from his business income and can carry forward the business loss of Rs. 7.08 crores

Law Question for Today:- JX Limited, an unlisted public Company has its registered office in Mumbai. Due to a shortage of storage space,
the Board of Directors of JX Limited has decided not to preserve the books of accounts and other related records
of accounts. The Board has approached you, to seek an advice on this matter. Give suitable advice to the Board
of JX Limited:
a) The Company is not mandatorily required to maintain the Statutory Registers and Records at the Registered
Office.
b) The Company can make space by destroying all Statutory Registers and Records which are older than 8
years.
c) Company can shift the Statutory Registers and Records at JX Limited’s branch office situated at Pune, where
more than one-tenth of the total number of members entered in the register of members reside.
d) Company can digitize all the Statutory Registers and Records.