no one have ides abt these Qs.

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Khushi

CA & CS Final

1367 Points Posted on 24 December 2009

i want answer of these Qs.

Q. 1Anudhav owes Rs. 10,000 to the partnership firm of Bose and chander. Bose dies leaving chander surviving. Anubhav sues chander for a debt of rs. 15,000 due in his individual capacity. can chander set-off the debt of rs. 10,000? - - from test papers 5/2009 of GCL-CS executive

Q.2Abhay's agricultural land was purchased by the government for the purpose of construction of a factory but no duty was paid for this transfer by the government. Abhay wanted to take back his land on the ground that gov. has not paid the duty and, therefore no sale deed was executed. will abhay succeed? give reasons.-- - from test papers 5/2009 of GCL-CS executive

if anyone knows the ans. plzzzzzzzzz tell me. or just tell me the page no. from where i can find out.

thank you very much

Replies (2)

krishna kumar

CA Final

407 Points Posted on 24 December 2009

Originally posted by : Ganga
	i want answer of these Qs. Q. 1Anudhav owes Rs. 10,000 to the partnership firm of Bose and chander. Bose dies leaving chander surviving. Anubhav sues chander for a debt of rs. 15,000 due in his individual capacity. can chander set-off the debt of rs. 10,000? - - from test papers 5/2009 of GCL-CS executive Q.2Abhay's agricultural land was purchased by the government for the purpose of construction of a factory but no duty was paid for this transfer by the government. Abhay wanted to take back his land on the ground that gov. has not paid the duty and, therefore no sale deed was executed. will abhay succeed? give reasons.-- - from test papers 5/2009 of GCL-CS executive if anyone knows the ans. plzzzzzzzzz tell me. or just tell me the page no. from where i can find out. thank you very much

partnership is a seperate entity from partners. so, here the liability of a partner cannot be set off against the partnership assets. it is also possible to set off through book adjustment, say partner pay only Rs 5000 to the anubhav and set off the book debt by transfering to parter account showing withdrawel from firm.

karthik

CA FINAL CS FINAL

41 Points Posted on 14 February 2011

hi frnz,

for Q2: Answer:As per section3 of the indian stamp act 1899 no stamp duty shall be chargeable in respect of any instrument executed by, or on behalf of, or in favour of, the government; in cases where the government would be liable to pay the stamp duty.

As per the provisions no stamp duty is payable by the government, hence abhay's contention will not succeed.