Question
India’s foreign exchange reserves recently touched a
19-month high. What was the total forex reserve as of March 2025?Solution
India’s foreign exchange reserves touched a 19-month high of $605 billion in March 2025, strengthening financial stability.
A taxpayer may file an updated return for FY2023-24 till what date?
The total of the discount column on the debit side of a cashbook is posted to the:
As per the Finance Act 2025, what is the revised tax rate for individuals opting for the new tax regime with income between ₹12 lakhs and ₹15 lakhs?
Mr. A (age 45) has income from business ₹8,00,000 and capital gains (LTCG) ₹1,50,000. What is his tax liability? (Assume no deductions)
Mr. Arjun earns ₹12 lakh as salary and has invested ₹1.5 lakh in PPF. He also pays ₹30,000 as health insurance premium for himself and ₹50,000 f...
Schedule II in the context of Goods and Service Tax deals with?
Under the Income Tax Act, the maximum amount of deduction allowed under Section 80C for investments/expenditures (for FY 2025-26) is:
Mr. Raj, a salaried individual, claims HRA, standard deduction, and 80C deductions under the old regime. He is considering switching to the new tax regi...
The remuneration of the auditor of a company shall be ________________________
An employee receives gratuity of ₹12 lakhs on retirement. What is the maximum tax-exempt amount under the Income Tax Act?
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