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3 Mr. Z was appointed as representative of ABC Company for a 10 days corporate programe organized in USA.
During the said period in USA, he was diagnosed with the severe kidney disease, so decided to have a treatment done in USA. State the maximum amount that can be drawn by Mr. Z as foreign exchange for the medical treatment abroad
2 A highly reputed construction company of Mumbai, decided to launch an ultra modern residential project in Goa especially for non-resident HNI Indians. For the purpose it appointed 4 agents worldwide to look for prospective buyers for 12 exclusive flats. The terms of their appointment clearly mentioned that they themselves will be responsible for inward remittance on the flats booked by them. As the project was one of its kind, so it got overwhelming response and all the flats got booked. However only 2/3 of the price of each flat could be remitted into India through proper channel during the financial year ended on 31st March 2019. Price of per flat was USD 1500000 inclusive of all. From the following howmuch maximum commission can be given to each agent, without any intervention of any authority. Each agent booked 3flats
1 Mr. Raj, a resident of India went to Australia for a business deal in January 2019. He realised foreign exchange for bearing expenses while staying there for the business purpose. After maturing the deal, he returned back to India in 28th of February, 2019. Mr. Raj was left with certain unused foreign exchange. He retained the foreign exchange with him for future use. Mr. Raj have to return the unused foreign exchange
Repost from CA Success Path- Inter
Guys go live and support CA JAI sir 😎 One of the mind blowing Faculty of Direct Taxation
22 According to Maxwell, interpretation of statues, a statute has been defined as:
21 Which out of the following is/are presumption for interpretation of statute?
20 Rule of liberal construction should generally be applied in which type of case.
18 ……………. interpretation concerns itself with “what the law says” and interpretation, seeks to ascertain “what the law means”.
16 Which among the following is an External Aid to interpretation:
15 means that when two or more words that are susceptible of analogous meaning, are coupled together they are understood to be used in their cognate sense.
14 Where an act of parliament does not expressly specify any particular day as to the day of coming into operation of such Act, then it shall come into operation on the day on which:
13 The preamble is most important in any legislation, it:
12 According to rule of interpretation, meaning of words should be known from its accompanying or associated words.
11 As per the best way to interpret a statute or document is to read it as it would have been read when it was enacted or made.
