Question
Which of the following is prohibited under the Foreign
Exchange Management Act (FEMA), 1999?Solution
•Explanation: •FEMA regulates foreign exchange in India and restricts dealings in foreign exchange without the prior approval of the RBI. •The Act provides legal guidelines for currency transactions and financial activities involving foreign exchange to ensure economic stability.
ARP is a manufacturing concern. They come to you with following the details:
Variable Cost: â‚ą 50,000
Fixed Cost: â‚ą 20,000
Selli...
A company reports the following data for the year:
• Net Profit before tax and extraordinary items: ₹12,00,000
• Depreciation: ₹2,...
Provisions of Section 64(1A) will not be applicable to any income of a minor child suffering from any disability specified under ________. In other word...
Cost of goods sold will be:
Which of the following statements regarding an auditor's responsibilities is FALSE?
What was a key issue related to regulatory challenges in the Indian telecom industry?
___________ implies the overall market risk that affects all securities and cannot be diversified away.
Zero-based budgeting means:
Anil and Baldev are partners sharing profit and losses in the ratio of 3: 2. Anil's capital is â‚ą 60,000 and Baldev's capital is â‚ą 30,000 before adju...
………… of CGST Act, 2017 lists down the activities which shall be treated neither as supply of goods nor as supply of services. Â
...
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