‘Doli incapax‘ is a Latin legal maxim that infers the meaning ‘incapability of committing a crime’. This term has been used to describe an assumption of guiltlessness for children in criminal law in most countries. We find this term in the Indian Penal Code, 1860 in Section 82. In a Legal sense, both boys or girls under the age of 7 are held to be infants and cannot be charged for a crime as it is a defect of understanding in regard to what is a crime or what is not a crime. In other words, they are under a natural disability from distinguishing what is good and what is bad and are immune from punishment
Interest payable u/s 234C is computed at
If the policy is without average clause, a claim for loss of profit will be?
A company reported net profit before tax of Rs.36,100. It has raised debt capital of Rs.250,000 through 13% debentures. What is the interest coverage ra...
Under which method of Depreciation, the written down value of the asset is always more than zero:
Which financial statement reports a company’s revenues and expenses over a specific period of time?
Accounting has been referred to as the__________of business.
……………… cost is a criterion cost which may be used as a yardstick to measure the efficiency with which actual cost has been incurred.
...All shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the company to ______
Which of the following is a limitation of accounting that can affect the accuracy and usefulness of financial statements?
A belated return can be filed by a taxpayer under Income tax Act, between _______
