Question
Select the most appropriate indirect form of the given
sentence. I said to Promod, “How did you break your leg?”Solution
The correct indirect form of the given sentence is "I asked Promod how he had broken his leg," where the pronouns and verb tenses are adjusted in reported speech.
The threshold limit for tax audit for business entities under section 44AB has been proposed to change to how much amount for those assessees, where amo...
An employee receives gratuity of ₹12 lakhs on retirement. What is the maximum tax-exempt amount under the Income Tax Act?
An example of Casual Income is
Mr. X, an Indian citizen, stayed in India for 130 days during FY 2024-25. In the four preceding years, his total stay in India was 480 days. Determine h...
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�...
Which of the following is a capital gain?
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?
Residential Status of a Person is determined for
For an individual resident in India (age below 60 years), the basic exemption limit for the Financial Year 2025-26 (A.Y. 2026-27) under the NEW tax regi...
An employee receives gratuity of ₹12 lakhs on retirement. What is the maximum tax-exempt amount under the Income Tax Act?
