Question
Mr. A transfers fixed deposit of ₹5 lakh to his wife
without consideration. Interest of ₹50,000 is earned in her name. How will it be taxed?Solution
Under Section 64(1), income from assets transferred to spouse without consideration is clubbed with transferor’s income.
Which of the following funds is an Initiative by Government of India to cater to the borrowing requirements of Public Sector by pooling investments from...
What do you call a person who studies the elections and trends in voting?
Which country has won the Uber Cup champions trophy, held at the Impact Arena, Bangkok, Thailand in May 2022?
As on July 2020, employees whose monthly wages are ______ or below are covered under the ESI Act.
Which of the following dances comes from southwestern India, around the state of Kerala?
What does B mean in APBS, which is an –Aadhaar linked bank account?
In which year did India first participate in the Olympic games?
Which statement of the following in are INCORRECT about the 2023 Plastic Overshoot report by Swim-based research conmitancy Earth Action (EA)?
1....
Which of the following states recently announced to join the Pradhan Mantri Fasal Bima Yojana ( PMFBY ) scheme seeking to compensate farmers against cr...
Which of the following is/are the CORRECT statements about Director General of the Indian Coast Guard ?
1. DG Rakesh Pal has been appointed as th...
