Question
Interest payable by a non-corporate assessed for
deferment of advance tax isSolution
Non-corporate taxpayers who defer advance tax payments are typically required to pay interest on the deferred amount. The interest rate is usually around 1% per month (1% p.m.) on the amount of tax deferred. This is a common provision in many tax systems to encourage timely payment of taxes and to compensate the government for the delayed receipt of tax revenue.
Present age of ‘D’ is 45% more than that of ‘E’. 9 years ago, ‘D’ was 1.75 times as old as ‘E’. Find the present age of ‘E’.
...Eight years ago, the ratio of Raman's age to Chaman's age was 4:5. Twelve years from now, this ratio will change to 13:15. Calculate the current average...
16 years ago from now, ratio of ages of ‘R’ and ‘L’ was 3:5, respectively. If ‘L’ is 9 years elder to ‘R’, then what will be the age of ...
Seven years ago, 'R' and 'C' had ages in a ratio of 4:3, respectively. After seventeen years, the ratio of 'C' and 'R's ages will be 9:10, respectively....
Ratio of present age of 'A' to that of 'B' is 5:8. If the age of 'A' two years hence from now will be 22 years, then after how many years, the ratio of...
Riya is 5 years older than Meera, while Meera is 2 years younger than Nita. The ratio of age of Riya, 3 years hence and Meera, 1 year ago is 8:5. Find t...
Present ages of 'M' and 'N' are in ratio 2:3, respectively. If six years hence from now, age of 'M' will be 30% less than that of 'N', then find the rat...
Present age of ‘A’ is 60% more than that of ‘B’. If 13 years hence from now, ‘B’ will be 12 years younger than ‘A’, then find the sum of...
Three years ago, Ritu was twice as old as Rajni, and currently, the total of their ages is 36 years. What will Ritu's age be four years from now?
- Amit is 6 years older than Sahil. The present age ratio of Sahil to Rohan is 7:4. Additionally, Amit’s current age is twice that of Rohan’s. Based on t...
Relevant for Exams:
