MCQ - CA Final
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Schedule VI is applicable to
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All Company
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Partnership Firm
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Proprietory Firm
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None of the above
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.
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- 2.
Sec 147 of Income Tax Act,1961 deals with:
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Income Escaping Assessment
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Seizzure of Income
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Notice of Scrutiny
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Summary Assessment
Correct Answer
A. Income Escaping Assessment -
- 3.
Is there any misconduct if a practising CA enters into a co-authorship with a Cost Accountant who is a Part time lecturer?
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No, there is no misconduct.
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Yes, he is guilty under Clause 11 Part 1 of First Schedule
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Yes, he is guilty under Clause 9 Part 1 of First Schedule
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None of these
Correct Answer
A. No, there is no misconduct. -
- 4.
US 44AE ESTIMATED INCOME ON HEAVY GOODS VEHICLE IS CALCULATED ON THE BASIS WHEN THE VEHICLE IS
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Hired
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Owned
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Any
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None
Correct Answer
A. Owned -
- 5.
Ropeway proceeding from the factory is capital goods used inside the factory and hence
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Entitled to cenvat credit except capital goods
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Not entitle to cenvat credit due to immovable property
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Entitle to cenvat credit
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None of these
Correct Answer
A. Entitle to cenvat credit -
- 6.
What is minimum requirments in months for the industrial articleship?
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12
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15
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9
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7
Correct Answer
A. 9 -
- 7.
Whether a non executive director is a related party as per AS-18?
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Yes, being a key management person
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Yes, even though not a key management person
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No, as not a key management person
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Not applicable
Correct Answer
A. No, as not a key management person -
- 8.
Whether Indian CA, doing practice outside india is being governed by the Indian CA Act 1949?
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Yes
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No
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Depends on agreement with that country
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Council permission needed to practice outside india
Correct Answer
A. No -
- 9.
General Notice of interest under Sec.299 of the Companies has to be submitted by every director
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When they become the director
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When they inform their readiness to be director
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In every calendar year
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In every financial year
Correct Answer
A. In every financial year -
- 10.
What is Schedule 13 in companies Act ?
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Related to directors
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Auditors Appointment
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Meetings
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None of the above
Correct Answer
A. Related to directors -
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Current Version
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Mar 15, 2022Quiz Edited by
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May 23, 2016Quiz Created by
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