Question
Donation given by any person except by Indian company to
Political Parties or Electoral Trust is allowed under which section?Solution
Section 80GGC of the Income Tax Act allows a deduction of 100% of the amount donated to a political party or an electoral trust by any person except an Indian company.
A and B started a partnership with the investment of Rs. 4000 and Rs. 6000. After 4 months, B decreased 40% of his investment and after the end of year ...
- Arjun and Karan became partners in a startup. Arjun invested Rs. 7,200. Karan exited the business after 10 months. Their profit shares were in the ratio of...
'Asmita,' 'Bikshu,' and 'Chetna' jointly invested Rs. 12000, Rs. 20000, and Rs. 15000 in a construction business. After 8 months, 'Asmita' withdrew Rs. ...
Three persons A, B and C invested different amounts in a business, which are in A.P. The amount invested by B is Rs. 2000 more than that of A. C investe...
A man invests ₹50,000 in a business. After 2 years, he sells 30% of his stake for a 40% profit and reinvests the amount. After another year, he sells ...
Aman, Baman and Chaman started a business with investments of 10000, 1500 and 2000 respectively. After 9 months from start of the business , Baman and C...
A invested Rs X in a scheme. After 6 months, B joined with Rs 1000 more than that of A. After an year, ratio of profit of B to the total profit w...
‘M’ started a business with an investment of Rs. 2000. After 5 months ‘N’ joins the business with an investment of Rs. 2,200. If the total profi...
Aman invested Rs. x at 9% per annum simple interest for 4 years and Neha invested Rs. (x + 800) at 12% per annum simple interest for 1 year. If the tota...
If the ratio of time periods of investment of A and B is 2:5, profit at the end of the year is Rs.100000 and A’s share in it is Rs.20000, then what is...
Relevant for Exams:
