Question
A company incurs a loss of ₹5 lakhs in the current
financial year. As per Income Tax Act, how is this treated?Solution
Business losses can be carried forward and set off against business income for the next 8 assessment years.
Raj invested equal amounts in two schemes x and y at compound interest. In scheme x, the rate of interest was 8% per annum and in scheme y the rate of i...
In what time will Rs. 21000 amount to Rs. 27951 @ 10% compound interest?
An investment of ₹21,475 grows to ₹30,924 in two years when interest is compounded annually at a rate of 'r%' per annum. What is the value of the i...
A certain amount becomes four times itself when invested at r% per annum simple interest for 12 years. What is the value of r?
Sohan invested Rs. P in Scheme X at 20% per annum under simple interest for 3 years and Rs. Q in Scheme Y at 12% per annum under compound interest for 2...
The difference between compound interest and simple interest at the same rate for Rs. 3600 for 2 years is Rs. 36. The rate of interest per annum is:
If Rs. 4000 becomes Rs. 5760 in 2 years at compound interest (compounded annually), then what is the annual rate of interest?
What is the total amount received from an investment of Rs. 8,000 for a period of 18 months, if the compound interest is calculated at 18% per annum and...
- Ravi deposits Rs. 8,240 on simple interest at 5% per annum for 4 years. If the total amount he gets back is Rs. '2m', then find the product of the digits o...
A certain sum of money becomes Rs. 1500 in 1 year and 2800 in 3 years at certain rate of simple interest. Find the sum of money invested.
