Interest payable u/s 234C is computed at?
Interest payable under Section 234C of the Income Tax Act, 1961 is computed at simple interest at 1% per month or part of a month on the amount of advance tax that is not paid or paid in short. So, the interest is calculated on a monthly basis and not on an annual basis. This means that if a taxpayer fails to pay the advance tax on time, they will be liable to pay interest at 1% per month on the amount that is outstanding.
After allowing a 10% discount on the marked price of an article, a dealer makes a profit of 5%. What is the marked price, if the cost price of the artic...
A man bought an article at 20% less of the marked price and sold it at 25% more than the marked price. Find the profit earned by him.
...A person sold a house at 15% Profit. If he had purchased it for 25% less and sold it for Rs 48 less, then there would have been a profit of 32%. Find th...
‘A’ and ‘B’ started a business by investing certain sum in the ratio 13:5, respectively for 6 years. If 10% of the total profit is donated in an...
The profit earned after selling an article for Rs.1516 is the same as loss incurred after selling the article for Rs.1012. What is the cost price of the...
Cost price of a bag is Rs.980. The shopkeeper marked it 80% above the cost price and sold it after giving a discount of 25%. If the shopkeeper had sold ...
A shopkeeper sold an article at profit of 10%. Had he bought it at 10% less and sold it for Rs. 3 more, then he would have earned a profit of 25%. Find ...
A trader bought some orange at 7 for Rs 11. He sold all at 2 for Rs 3. Thereby he losses Rs 30. Find number of oranges sold.
A shopkeeper marks his goods 50% above the CP and gives 20% discount to customer. At the time of selling the goods he uses 900gm weight instead of 1 kg....
A bought an article at 12% less of the marked price and sold it at 10% more than the marked price. Find the profit earned by him.
