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Vikas

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  1. Asked: July 22, 2021In: Accountancy

    Who is the Father of Accounting ?

    Vikas Beginner
    Added an answer on July 22, 2021 at 7:33 pm

    Luca Pacioli is regarded as the Father of Accounting. He published the first book on double-entry accounting in 1494. While Friar Luca is regarded as the "Father of Accounting," he did not invent the system. Instead, he simply described a method used by merchants in Venice during the Italian RenaissRead more

    Luca Pacioli is regarded as the Father of Accounting. He published the first book on double-entry accounting in 1494. While Friar Luca is regarded as the “Father of Accounting,” he did not invent the system. Instead, he simply described a method used by merchants in Venice during the Italian Renaissance period. His system included most of the accounting cycle as we know it today. The first accounting book actually was one of five sections in Pacioli’s mathematics book, titled Summa de Arithmetica, Geometria, Proportioni et Proportionalita (Everything About Arithmetic, Geometry and Proportions).

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  2. Asked: June 25, 2021In: Income Tax

    If Trust or Institution already has a registration u/s 12AA, when can it apply for registration u/s 80G? Before getting registered u/s 12AB or after getting the same?

    Vikas Beginner
    Added an answer on June 26, 2021 at 2:35 pm

    If the Trust already has registration u/s 12AA, then it can apply for registration u/s 80G under clause iv of the first proviso to section 80G(5). However, it will have to apply for fresh registration u/s 12AB first for the reason stated in the preceding paragraph.

    If the Trust already has registration u/s 12AA, then it can apply for registration u/s 80G under clause iv of the first proviso to section 80G(5). However, it will have to apply for fresh registration u/s 12AB first for the reason stated in the preceding paragraph.

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  3. Asked: June 25, 2021In: Income Tax

    If Trust or Institution already has a registration u/s 12AA, when can it apply for registration u/s 80G? Before getting registered u/s 12AB or after getting the same?

    Vikas Beginner
    Added an answer on June 26, 2021 at 2:35 pm

    If the Trust already has registration u/s 12AA, then it can apply for registration u/s 80G under clause iv of the first proviso to section 80G(5). However, it will have to apply for fresh registration u/s 12AB first for the reason stated in the preceding paragraph.

    If the Trust already has registration u/s 12AA, then it can apply for registration u/s 80G under clause iv of the first proviso to section 80G(5). However, it will have to apply for fresh registration u/s 12AB first for the reason stated in the preceding paragraph.

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