Question
Cash withdrawn by the proprietor from the business for his personal use’ causes
More Taxation Related Questions
- A company receives rent of ₹6 lakh in FY2024–25. It has to deduct TDS under which section?
- A firm pays Rs. 3,00,000 as salary to partners, allowed as per deed. Book profit is Rs. 10,00,000. What is the maximum allowable deduction for partner’s sa...
- A company avails ITC (Input Tax Credit) on office furniture purchase. Later, GST auditor disallows it. Is he right to do so, support your answer with relev...
- Deduction under Section 80C is available up to:
- A company incurs a loss of ₹5 lakhs in the current financial year. As per Income Tax Act, how is this treated?
- As per the Finance Act 2025, what is the revised tax rate for individuals opting for the new tax regime with income between ₹12 lakhs and ₹15 lakhs?
- A way by which the companies raise capital without going to the public is known as __________________
- Which of the following is not an allowable deduction under Section 80C of the Income Tax Act?
- A company has book profit of ₹20,00,000 for FY 2024-25. Its normal tax liability computed under the Income Tax Act is ₹3,50,000. During computation of boo...
- Under Section 16(2) of the CGST Act, what happens if a recipient fails to pay the supplier within 180 days from the invoice date?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)