Question
Mr. A has the following incomes during the year:
>Income from Salary: ₹4,00,000 Income from House Property (net after deductions): ₹1,00,000 Profit from Business: ₹2,00,000 Income from Capital Gains: ₹50,000 Income from Other Sources: ₹25,000 What is his total taxable income ?Solution
Total taxable income is sum of all heads: ₹4,00,000 + ₹1,00,000 + ₹2,00,000 + ₹50,000 + ₹25,000 = ₹7,75,000 However, if there are no losses or deductions, total is ₹7,75,000. But since no losses/deductions are mentioned, answer should be ₹7,75,000.
Which of the following is NOT regarded as a financing decision under financial management?
Financial accounting is mainly concerned with:
Which of the followings is a valuation principal?
What is the interest rate earned on digital currency e-rupee?
Which of the following statement is incorrect?
The financial statements of the company are approved by ____________ before signed by the chairperson/MD/CEO/directors of the company.
What is the maximum limit for insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
Which of the following is considered as nominal account?
Which of the following is shown under investing activities in the cash flow statement ?
Time of supply means
