Question
Family Pension is taxable under which head of
Income?Solution
Family pension is considered income received by a family member (e.g., spouse, children) after the death of the pensioner. It is categorized under the "Other Sources" head of income for tax purposes because it is not earned as a salary, business income, or capital gain.
A firm has a current ratio of 2.5 and quick ratio of 1.2. Its current liabilities are ₹4 lakh. What is the value of inventory?
What is Bank Overdraft?
Consider the following for Q Co. for the year 2021-22:
• Cost of goods available for sale: ₹1,00,000
• Total sales: ₹80,000
Calculate margin of safety from the following information.
Output = 160000 units
Fixed overheads = Rs. 8,00,000
Variable overhead =...
An arrangement between two insurance companies whereby one transfer is a part of risk to other company is called?
 Calculate EOQ from the data given below and select the correct answer from the options given below:
What is the portal on which an entity needs to register as an MSME?
U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is
What is the lock-in period for ELSS (Equity Linked Savings Scheme) to be eligible for a deduction under Section 80C of the Income Tax Act in India?
Which of the following statement is incorrect?
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