Question
What is a key objective of an external
audit?Solution
A key objective of an external audit is to detect fraud and errors in financial statements, providing assurance that they are accurate and reliable.
Which of the following inventory methods would reduce tax liability during inflationary period?
The individuals, who have availed loans for purchase of residential property, which was sanctioned between 1st April 2019 and 31 March 2021, can avail t...
Salary paid to MLAs and MPs are charged under the head
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?
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?
Which of the following is a capital gain?
Mr. Raj, a salaried employee, earns ₹12 lakh salary and ₹1.5 lakh interest income. He claims ₹1.5 lakh under Section 80C and ₹50,000 under Secti...
Under the Income Tax Act, 1961, which section deals with deduction of tax at source (TDS) on salary?
The kind of debts which are needed to be repaid in a short term is known as?
A way by which the companies raise capital without going to the public is known as __________________
