Question
Which country inspired the inclusion of Fundamental
Duties in the Indian Constitution?Solution
The concept of Fundamental Duties in the Indian Constitution was borrowed from the Soviet Union (USSR). These duties are specified in Part IVA of the Constitution, highlighting the responsibilities of citizens towards the nation, emphasizing a collective ethical and moral dimension to citizenship.
Given:
• Net income: ₹30 lakh
• Depreciation: ₹10 lakh
• Increase in inventory: ₹5 lakh
• Decrease in payables...
If an asset’s recoverable amount is less than its carrying amount, what is the correct treatment under Ind AS 36?
In the Cash Flow Statement, payment of taxes is classified under which activity?
The process of finding present value of a future amount is called:
What does SAP stand for?
A trader opts for GST Composition Scheme and has total turnover of ₹1.2 crore. What is the GST rate applicable?
An arrangement between two insurance companies whereby one transfer is a part of risk to other company is called?
A pharma company spends ₹50 crore on early-stage drug molecule research (feasibility not established). Later spends ₹30 crore proving commercial via...
A private company wants to issue shares to selected individuals through a private placement. Which section of the Companies Act, 2013 governs this process?
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has been set up by the Government of India, with which of the following?
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