Question
What are the tax benefits offered to companies
operating in GIFT city?Solution
Companies operating in GIFT city are eligible for certain tax benefits under the Special Economic Zones Act, 2005. One of the benefits is exemption from income tax for the first 10 years of operation. This is applicable to both domestic and foreign companies that operate within the special economic zone. However, companies are still required to pay other taxes such as customs duties and indirect taxes. Therefore, option A is correct.
DuPont analysis is:
Forfeiture of shares occurs when a shareholder:
Which of the following statement is correct?
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
A firm budgeted sales of ₹120 lakh but achieved actual sales of ₹100 lakh. Variable cost was budgeted at 60% of sales, and actual cost was 62% of ac...
What is the primary objective of CARO?
In a manufacturing entity, the cost of abnormal waste is:
Which section of the Income Tax Act, 1961, allows a deduction of interest paid on loan taken for purchase of an electric vehicle?
For each registration, a separate GST Registration No (i.e., GSTIN) of ______ digits is allotted.
What is the CAPM?
