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Start learning 50% faster. Sign in nowSection 56 of the Indian Contract Act delas with the provisions relating to Agreement to do impossible act which is basically laying down provisions relating to doctrine of frustration wherein it mentions about the acts which cannot be performed or the impossibility of performance of the contract. This section is based on the maxim “ les non cogit ad impossibilia” which means the law will not compel a man to do what he cannot possibly perform.
The kind of debts which are needed to be repaid in a short term is known as?
Which of the following inventory methods would reduce tax liability during inflationary period?
A taxpayer may file an updated return for FY2023-24 till what date?
Schedule II in the context of Goods and Service Tax deals with?
A registered dealer sells goods worth ₹5,00,000 with GST @18%. He has input tax credit (ITC) of ₹70,000. What is his net GST payable in cash?
Mr. Raj, a salaried employee, earns ₹12 lakh salary and ₹1.5 lakh interest income. He claims ₹1.5 lakh under Section 80C and ₹50,000 under Secti...
What is the maximum limit to the number of members in a private company?
Taxable person means a person who is
GAAP stands for:
The books of account of every company relating to a period of __________________ immediately preceding a financial year together with the vouchers rele...
