Question
Given the following information, calculate the Deferred
Tax Asset (DTA) or Deferred Tax Liability (DTL) amount if the tax rate is 30%: Profits as per Income Tax: ₹55,000 Profits as per Books of Accounts: ₹45,000Solution
Deferred Tax Asset (DTA) arises when the book profit is less than the taxable profit. The difference in profits is ₹10,000 (₹55,000 - ₹45,000). The DTA is calculated as: DTA = Difference in Profits × Tax Rate = ₹10,000 × 30% = ₹3,000
Select the most appropriate antonym of the given word.
TURBULENT
One who always looks at the brighter side
Stultify
In the following questions, a word is followed by four choices. Select the choice that is nearly most opposite in meaning to the given word.
ACQUIT
- Select the most appropriate option to substitute the underlined word in the given sentence.
The cost of living has risen so drastically in the last... amicable
Select the most appropriate option to substitute the bold segment in the given sentence.
Abu said that he saw the picture.
Someone who is a passionate advocate, promoter, or pioneer of a particular cause or beliefÂ
Apostate
Select the word which means the same as the group of words given.
Something causing shock or dismay
