Question
The share of net demand and time liabilities that banks
must maintain in safe and liquid assets, such as, government  securities, cash and gold with itself is known asSolution
The correct answer is B
A company has book profit of ₹20,00,000 for FY 2024-25. Its normal tax liability computed under the Income Tax Act is ₹3,50,000.
During compu...
Deduction under Section 80C is available up to:
A company owns a block of assets with the following details for the Financial Year 2024-25:
• Opening Written Down Value (WDV) of the block: �...
A salaried employee earns ₹18 lakhs annually. In FY 2024–25, she contributes ₹1.5 lakh to PPF, ₹50,000 to NPS (u/s 80CCD(1B)), and pays ₹2 lak...
Which of the following forms are used for applicable for registration?
A company incurs a loss of ₹5 lakhs in the current financial year. As per Income Tax Act, how is this treated?
GAAP stands for:
Health and Education Cess is leviable at –
A company avails ITC (Input Tax Credit) on office furniture purchase. Later, GST auditor disallows it. Is he right to do so, support your answer with re...
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)
Relevant for Exams:
