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.
With respect to Marginal Costing, which of the following statement is incorrect?
In the context of filing of financial statements by a company, the term “XBRL” means......................
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, what is the Margin of safety in % if the budgeted units are 1,00,000.
Which of the following is considered as nominal account?
What is the minimum amount of loan outstanding of a borrower or guarantor, for them to be classified as a Wilful Defaulter?
A listed insurer remeasures its defined benefit plan obligation at year-end, and also records fair value changes of equity instruments irrevocably desig...
Which of the following is not allowed in small accounts?
The costs which were incurred in the past and ignored under capital budgeting are known as_____.
The cost of sales is equal to:
Which of the following assessee is not liable to pay advance tax u/s 207?
