Question
Where an Assesse incurs any expenditure for acquisition
of any asset or part thereof in respect of which a payment or aggregate of payment made to a person in a day, otherwise than by an account payee Cheque drawn on a bank or account payee bank draft or use of electronic clearing system through a bank account or through such other prescribed electronic mode, exceeds ______, such expenditure shall not form apart of actual cost of such asset [Proviso to section 43(1)] for Assessment Year 2020-21.Solution
The correct answer is A
Strategic Risk can be classified as _______
Value at Risk (VaR) is a widely used risk management tool. A limitation of the VaR approach to measuring risk is that it fails to specify:
The key areas to be monitored under the Revised Prompt Correction Action framework of RBI does not include _____
Cash should be shown under which time bucket for inflow:
What is the primary objective of the Basel III norms for banks?
Which of the following is true about the governance structure of Asset Reconstruction Companies (ARCs)?
Commission received in advance is of the nature of
Which of the following statement with respect to Risk weight for banks is correct?
                     I.       Th...
What is the term of office of the Chairman and Members of the IFSCA?
What is the estimated credit guarantee coverage planned for MSMEs under the CGTMSE over the next two years?
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