Question
What is the minimum duration for which a small account
can remain operational after opening without furnishing an Officially Valid Document (OVD)?Solution
Small accounts can remain operational for an initial period of 12 months. This duration can be extended for another 12 months if the account holder furnishes evidence of applying for an OVD during the first 12 months.
As per the Income Tax Act of 1961, Section 115JB, the Minimum Alternate Tax (MAT) is calculated at what percentage of the book profit?Â
What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?
The First Five Year Plan was based on which Model?
In which of the following countries, scientists have discovered the remains of ‘Wilson’s little Penguin’?
Who bears the main burden of an indirect tax?
Which country is a member of only one of the following organizations SAARC or BIMSTEC?
Which of the following statements is correct about the calculation of national income?
What does the term "budget set" in economics refer to?
One of the features of a free market economy isÂ
In economic terms, the total market value of all final goods and services produced in a given year is known as.........
Relevant for Exams:
