Question
Under which of the following circumstances does
The Mediation Act, 2023 apply to mediation conducted in India?Solution
The Mediation Act, 2023 applies to mediation conducted in India particularly in these cases: when all or both parties reside, are incorporated, or have their business in India; when the mediation agreement provides that the dispute is to be resolved under this Act; when there is an international mediation; when one party is a government entity and the dispute is commercial; or when notified by the government for other disputes involving government entities. Family disputes or criminal matters are generally not covered unless falling under notified categories. [Section 2 of The Mediation Act, 2023]
A company has Fixed Costs of ₹2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of ₹10,00,000. Calculate the pro...
A Treasury Bill (T-Bill) is a:
Which of the following represents ownership in a company?
Which of the following accounting rules can roughly estimate how many years a given sum of money must earn at a given compound annual interest rate in o...
With respect to Job Costing, which of the following statement is incorrect?
Goods purchased ₹1,00,000. Sales ₹90,000. Margin 20% on cost. Closing Inventory = ?
Under section 194D of the Income Tax Act, 1961, what is the rate of Tax Deducted at Source (TDS) on insurance commission, if the payee is a domestic com...
Which form is used to claim ITC in GST returns?
In Zero-Based Budgeting (ZBB), the budget for each activity is:
Opening inventory Rs. 1,700/-, Purchases Rs. 27,000/-, Closing inventory Rs. 1,500. Cost of goods sold will be           Â
...
