Question
Interest payable u/s 234C is computed at
Solution
Section 234C of the Income Tax Act, 1961 provides for interest payable on delayed payment of advance tax. The interest is computed at a simple interest rate of 1% per month or part of a month on the amount of advance tax that is not paid on or before the due date. Therefore, the interest payable under Section 234C is simple interest at 1% per month.
Standard Price (Standard Quantity – Actual Quantity) = ____________.
A company produces a single product with the following cost structure:
• Selling price per unit: ₹500
• Variable cost per unit: ₹3...
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
A Decision Table consists of all of the following parts EXCEPT:Â
What is the primary purpose of bookkeeping in business?
When is a Suspense Account opened?
If the fixed cost is Rs.43,500 and the company, the contribution is Rs.500 per unit, how many unit sales would a company need to do to earn a profit of ...
Which entity generally initiates securitization?
Which section of the Income Tax Act, 1961, allows a deduction of interest paid on loan taken for purchase of an electric vehicle?
As per the Union Budget 2025–26, what is the total outlay allocated for setting up a Centre of Excellence in Artificial Intelligence for Education?
Relevant for Exams:
