Question
Which among the following are the functions of
Money? a) Unit of value b) Standard for deferred payment c) Store of value d) Medium of exchangeSolution
Money serves four primary functions: 1. Unit of value – Measures the worth of goods and services. 2. Standard for deferred payment – Used for loans or future payments. 3. Store of value – Maintains purchasing power over time. 4. Medium of exchange – Facilitates transactions. Since all options are correct, the answer is 3 (a, b, c & d).
Salary received by the Partner of a Firm is charged under the head
First Auditor of a company is appointed by the ________________________
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...
Salary paid to MLAs and MPs are charged under the head
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_________________ is a brief summary of a prospectus filed before the registrar and contains all the salient features of a prospectus
A domestic company reports ₹2 crore as book profit. As per section 115JB, if its normal tax liability is ₹12 lakh, what is the Minimum Alternate Tax...
A taxpayer may file an updated return for FY2023-24 till what date?
The remuneration of the auditor of a company shall be ________________________
Taxable person means a person who is
