Forwarded from DT MCQ (Surendra Goyal)
Q805 Music Academy, as per its rules, pays a fixed honorarium per concert to each musician performing in the concerts organised by it. Hari, a violinist, however, refuses to accept this sum. If he requests Music Academy to pay such sum directly to Aid Us, an unregistered institution providing relief to the poor and needy in rural India, what would be the tax consequence?
(a) No amount would be chargeable to tax in the hands of Mr. Hari, since this is a case of diversion of income at source by overriding title.
(b) The amount payable to Aid Us would be chargeable to tax only in the hands of Mr. Hari, since it is a case of application of income
(c) The amount payable to Aid Us would be chargeable to tax only in the hands of the institution which has received the amount
(d) The amount payable to Aid Us would be chargeable to tax both in the hands of Mr. Hari and in the hands of the institution.
(a) No amount would be chargeable to tax in the hands of Mr. Hari, since this is a case of diversion of income at source by overriding title.
(b) The amount payable to Aid Us would be chargeable to tax only in the hands of Mr. Hari, since it is a case of application of income
(c) The amount payable to Aid Us would be chargeable to tax only in the hands of the institution which has received the amount
(d) The amount payable to Aid Us would be chargeable to tax both in the hands of Mr. Hari and in the hands of the institution.
Forwarded from DT MCQ (Surendra Goyal)
Forwarded from DT MCQ (Surendra Goyal)
Q806 An application for advance ruling was made on 31.05.2018 in relation to a transaction proposed to be undertaken by Mr. Andrew, a resident of Germany. On 07.07.2018, he decides to withdraw the said application.
Anonymous Quiz
14%
Application cannot be withdrawn once filed
23%
Application can be withdrawn on 7.7.18 only with special permission of Principal Chief Commissioner
30%
Application cannot be withdrawn since 30 days from date of application have passed
32%
Application can be withdrawn on 7.7.18 with permission of AAR, if circumstances of case so justify
Forwarded from CS Professional Updates
distinguish_notes_of_final_fm.pdf
184.2 KB
distinguish_notes_of_final_fm
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Forwarded from Audit MCQ (Surendra Goyal)
Q815 Practice that " debtors & provision for doubtful debt should be netted & shown at one place" is a violation of which of the attributes of acceptable financial reporting framework?
Anonymous Quiz
23%
Completeness
19%
Relevance
20%
Reliability
38%
Understandability
Forwarded from Audit MCQ (Surendra Goyal)
Q816 Practice of “not disclosing contingent liabilities " is a violation of which of the attributes of acceptable financial reporting framework?
Anonymous Quiz
51%
Completeness
15%
Relevance
25%
Reliability
9%
Understandability
Forwarded from DT MCQ (Commerce Updates)
PGBP VS MAT ADJUSTMENTS
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @DTAXMCQ
CA Channel - @charteredaccountantsupdates
CS Channel - @csupdates
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @DTAXMCQ
CA Channel - @charteredaccountantsupdates
CS Channel - @csupdates
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Forwarded from Company Law MCQ (CA, CS, CMA) (Commerce Updates)
@clawmcq Contract Act.pdf
742.1 KB
Contract Act
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @CLAWMCQ
CA Channel - @charteredaccountantsupdates
CS Channel - @csupdates
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @CLAWMCQ
CA Channel - @charteredaccountantsupdates
CS Channel - @csupdates
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
@csupdates Compliance Framework.pdf
217.3 KB
Compliance Framework
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
@csupdates Risk Management Summary20 marks.pdf
8.8 MB
Risk Management Summary20 marks
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Forwarded from CS Professional Updates
CS_Professional_CRVI_Part_1_Marathon.pdf
2.5 MB
CS Professional (Old & New) Syllabus Corporate Restructuring, Valuation, Insolvency Part-1 quick revision short notes
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Forwarded from CS Updates (Company Secretary) (Surendra Goyal)
Forwarded from CS Professional Updates
Drafting NEW @csupdates.pdf
20.8 MB
Drafting Notes
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Forwarded from CS Professional Updates
Due Diligence - Overview.pdf
3.6 MB
Due Diligence - Overview
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•
Join @csupdates_prof
Main Channel - @csupdates
Foundation - @csfndmcq
Executive - @csupdates_exe
•*¨*•.¸¸☆*･ﾟ❤️ﾟ･*☆¸¸.•*¨*•