Question
Within what time frame must the arbitral tribunal make
an award in matters other than international commercial arbitration as per the Arbitration and Conciliation Act?Solution
Section 29A.Time limit for arbitral award.--2[(1) The award in matters other than international commercial arbitration shall be made by the arbitral tribunal within a period of twelve months from the date of completion of pleadings under sub-section (4) of section 23.
If a firm has 100 in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1, what is the firm's Net Working Capital?
As per the Indian Accounting Standards, a company enters into a lease for a building for 9 years, and the building's useful life is 10 years. The contra...
Ramesh shows a profit of Rs. 5,00,000 for the year ended 31.3.2017. The figure has been arrived at after charging following against revenue:
Purc...
What is the taxable event under GST?
If an asset’s useful life is revised from 10 years to 8 years in its 5th year, then how should the depreciation be recalculated?
U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is
A retailer holds seasonal fashion inventory purchased at ₹20 lakh. At year-end, expected selling price is ₹25 lakh, but estimated selling costs are ...
If a government grant is received but later becomes refundable, how should it be accounted?Â
GeM is characterized by which of these three core elements?
Capital expenditure results in: