Question
As per the Budget 2024, what is the newly increased
deduction from family pension income under the new tax regime?Solution
The deduction from family pension income has been increased to the lower of ₹25,000 or 1/3rd of the pension as per the July 2024 Budget.
The Audit undertaken to check the implications of the top management decisions, having a financial bearing is otherwise known as:
X Ltd. provides you the following information to calculate P/V ratio.
Fixed cost = Rs. 40,000, Break-even point = Rs. 1,00,000
As per RBI’s KYC/AML guidelines on wire transfers, the term “Beneficiary” refers to:
The process of finding present value of a future amount is called:
The manager of a firm is entitled to a commission of 5% of Net profit after charging such commission. Net profit before charging commission is ₹ 42,00...
A budget that changes with the level of activity is a:
GSTN is a?
Which of the following is a real (or permanent) account?
Total factory overheads = ₹5 lakh; Direct labour hours = 10,000. Calculate the overhead absorption rate per labour hour.
What is the maximum loan limit prescribed for lending to Self-Help Groups (SHGs) under NABARD guidelines?
