Question
In the Union Budget 2024, what is the revised standard
deduction limit for taxpayers opting for the new tax regime?Solution
The standard deduction limit for taxpayers under the new tax regime was increased from ₹50,000 to ₹75,000 in the Union Budget 2024.Â
Which of the following accounting convention states that‘Trivial transactions can be ignored’?
What does the term "NEFT" stand for in the context of Indian banking?
As per AS 10 (Revised) ‘Property, Plant and Equipment’, an enterprise holding investment properties should value Investment property:
In India, the GST is based on the dual model GST adopted in:
What duties are taxes on intra-State supplies?
In the context of securities issuance, 'Green Shoe Option' allows the underwriter to:
The cash conversion cycle is calculated as:
Entity owns a building, part leased to tenants, part used for admin. How should it account?
How many persons are required to form a One Person Company (OPC) under the Companies Act, 2013?
 Internal auditor is removed and appointed by which among the following?