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Forwarded from DT MCQ
Impacts of Tax Audit due date Extension:

The due date of Tax Audit has been extended from 30.09.2019 to 31.10.2019 and here are the things changed related to it:

1. Expenses of F.Y. 2018-19 covered under Section 43B can be claimed even if PAID till 31.10.2019 instead 30.09.2019.

2. Expenses on which TDS has been deducted in F.Y. 2018-19 and not paid till 30.09.2019 can be allowed if TDS is paid till 31.10.2019.

3. Losses can be carried forward and set off in subsequent years even if ITR is filed till 31.10.2019.

4. Capital Gains will not be charged to tax if deposited under Capital Gains Deposit Account.

5. No Late fees of Rs. 1,000/ Rs. 5,000 will be levied on filing of ITR in such cases till 31.10.2019.

6. No penalty for Tax Audit u/s 271B will be levied if the Tax Audit Report is furnished til 31.10.2019.
*Re: DIR-3 KYC*

_DIR-3 KYC Extension_ *_[Official]_*

MCA has extended the due date of filing DIR-3 KYC from September 30 to October 14 October 2019
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🔰 All are Requested to share the link with at least one of their friend having CS Attempt in Dec 19 so that we could reach out to maximum people and help them.

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You’re not LATE & You’re not EARLY.

“Interesting to understand this message”

New York is 3 hours ahead of California,
but it does not make California slow.

Someone graduated at the age of 22, but waited 5 years before securing a good job!

Someone became a CEO at 25,
and died at 50 While another became a CEO at 50 and lived to 90 years.

Someone is still single while someone else got married.

Obama retires at 60 but Trump starts at 70.

Absolutely everyone in this world works based on their Time Zone.

People around you might seem to go ahead of you, some might seem to be behind you.

But everyone is running their own RACE, in their own TIME.

Don’t envy them or mock them.

They are in their TIME ZONE, and you are in yours!

Life is about waiting for the right moment to act.

So, RELAX.

You’re not LATE.

You’re not EARLY.`

You are very much ON TIME, and in your TIME ZONE Destiny set up for you.

In conclusion don't rush to get and don't be sad .

Make today your day!!
Q313
Which one of the following is not a characteristic of a company incorporated under Companies Act_______
Anonymous Poll
5%
(a) Perpetual Existence
60%
(b) Liability not Specified
4%
(c) Transferability of Shares
30%
(d) Representative Management
Q314
Minimum Number of directors require for a Private Company ____________
Anonymous Poll
11%
(a) 1
2%
(b) 4
5%
(c) 5
81%
(d) 2
💥💥IRCTC IPO subscribed 112 Timed and this is the first time that an IPO of a PSU has been subscribed more than 100 times.

Subscription was received for 225.61 Cr shares against 2.02 Cr shares on offer
Q315
Which of the following matters is related to Ethics in Finance?
Anonymous Poll
5%
(a) Abiding by law
37%
(b) Executive Compensation
2%
(c) Occupational Safety
56%
(d) All of the above
Q316
If doing unethical act appears to be lot easier & cheaper than the ethical one for achieving a certain business goal it is a situation of —————
Anonymous Poll
77%
(a) Ethical Dilemma
9%
(b) Financial Analysis
10%
(c) Weak organisation structure
5%
(d) None of the above
Q317
Which of the following terms best describes data that were originally collected at an earlier time by a different person for a different purpose?
Anonymous Poll
60%
(a) Primary data
30%
(b) Secondary data
6%
(c) Experimental data
4%
(d) Field note
Q318
The graphical representation of a cumulative frequency distribution is called –
Anonymous Poll
44%
(a) Histogram
11%
(b) Pie chart
41%
(c) Ogive
3%
(d) Historigram