......but as between persons who became directors on the same day ,
those who are to retire shall ,
in default of and subject to any agreement among themselves ,
be determined by lot.

My question is that " be determined by lot " applies to

" in default Of "

or " subject to any agreement among themselves "

or both .

My interpretation is this that " be determined by lot " applies to both i.e.

-- in default of any agreement among themselves ,be determined by lot

--- subject to any agreement among themselves , be determined by lot

Because the word used in between " in default of " " subject to " is AND .

Most of the authors / teachers say that

-- "those who are to retire shall , in default of any agreement among themselves. be determined by lots "

---"those who are to retire shall , be determined as per the agreement among themselves '

which in my opinion is not correct


Please interpret the section and express your views on this interpretation

Thanks

......but as between persons who became directors on the same day ,
those who are to retire shall ,
in default of and subject to any agreement among themselves ,
be determined by lot.

My question is that " be determined by lot " applies to

" in default Of "

or " subject to any agreement among themselves "

or both .

My interpretation is this that " be determined by lot " applies to both i.e.

-- in default of any agreement among themselves ,be determined by lot

--- subject to any agreement among themselves , be determined by lot

Because the word used in between " in default of " " subject to " is AND .

Most of the authors / teachers say that

-- "those who are to retire shall , in default of any agreement among themselves. be determined by lots "

---"those who are to retire shall , be determined as per the agreement among themselves '

which in my opinion is not correct


Please interpret the section and express your views on this interpretation

Thanks

Our company is taking photography services for printing brochures of the company. The work of a photographer is to click photo and edit to the some extent and give photos to us. Brochures will be printed by another party.
Is photography service covered under 194C or 194J?

Every year we are paying motor car insurance . The Gst component on insurance value we are not taking gst input credit . Bcoz ineligible. Indurance period spread some current year & some next year .Insurance exp. We devided in two partd current year exp. & Next year prepaid exp. My question is that can gst component is required to split current year exp. & Prepaid exp. Or full gst to current year exp (we are not taking gst input credit. Pl guide.

I have shown less sales in GSTR-1 as compared to GSTR-3B for the F Y 2018-19 and in few months of 19-20 also.. what is the remedy available for me to give correct credit to the customers.

In another case i have shown excess sales in GSTR-1 and less in GSTR-3B and got notice from the dept

Pls guide me the proper remedy for the same..

The IT department has treated ITR-4 as defective return because of certain mistake in the ITR. The original return was filed after the due date is one of the points to be noted. A notice has been issued to me asking therein to revise the said return u/s 139 (9). As I have to revise the said return u/s 139 (9) , whether can we make changes in balance sheet also simultaneously or all the data of the balance sheet will remain as it is. Please advise me and oblige.

COLUMN NO 10 OR 11 ME AMMENDMENT FIGURE FEED KARTE HAI TO KYA VO FIGURE COLUMN NO 14 ME AANA JARURI HAI KYA BECAUSE MENE TO AMMENDMENTS R1 ME KI HAI SIRF NA KI 3B ME TAX JAMA KIYA HAI LAST YEAR SE RELATED.

Is there any way to submit Stay of Demand through computer to Income Tax Department?

Please suggest a reference book for Advance accountancy for CA INTERMEDIATE.
REGARDS

Hi

Assesee buying a machinery for 50 lakhs on EMI basis. GST charged on the invlice is fully paid. Can the Assesee take the Input credit fully now itself

Please guide