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1 CS updates for December 2015 Exam on Tue 24 Mar 2015 - 18:05

rchgiri

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(1) Please find the tax updates for CS June 2015 Exam

[You must be registered and logged in to see this link.]

(2) Please also find the Academic updates for CS June 2015 Exam

[You must be registered and logged in to see this link.]

(3) Guidance on Applicability of Companies Act, 2013 for June 2015 Examination

[You must be registered and logged in to see this link.]

(4) Applicability of the Finance Act, 2014 for June 2015 Examinations

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(5) Study Material of Tax Laws and Practice based on Finance Act, 2014

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(6) Study Material of Advanced Tax Laws and Practice based on Finance Act, 2014

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Wish you all the best for next CS Exam.

2 Re: CS updates for December 2015 Exam on Sun 14 Jun 2015 - 23:41

rchgiri

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CSoC King
CSoC King
Please send me mails for getting updates for CS December 2015 Exam.

My email id: [You must be registered and logged in to see this link.] and

Mob: 07756030169

for guidance on CS December 2015 Exam.

Wish you all the best for next CS Exam.

rchgiri

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CSoC King

Automatic Switchover To Professional Programme (New Syllabus 2012) From December, 2015 Session

Please refer the below link:

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4 Question for Practice on Sat 20 Jun 2015 - 23:16

rchgiri

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CSoC King
Declaration and Payment of Dividend

Answer the following with reference to the Companies Act, 2013:

(i) Can a company transfer more percentage of profits to reserves?

(ii) Can a company declare dividends out of past reserves instead of current year profits?

(iii) Can a company provide depreciation higher than the rates provided in Schedule II of the Companies Act, 2013?

Hints for answering the above questions:

(i) Please refer the first proviso to 123 (1) of the Companies Act, 2013.

Yes, the company is free to transfer any part of its profits to
reserves as it deems fit.

(ii) Yes, the second proviso to section 123 (1) of the Companies Act, 2013 permits a company to declare dividend out of the accumulated profits earned by it in previous years and transferred by the company to the reserves subject to the rules prescribed in this behalf. Please also refer the Companies (Declaration and Payment of Dividend) Rules, 2014.

(iii)Yes, there is no bar in providing a higher rate of depreciation as the rates contained in Schedule II to the Companies Act, 2013 are the minimum rates below which companies are not permitted to charge for depreciation and therefore.

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