Question
For an instant electronic fund transfer service that
allows inter and intra-bank transfers within seconds to the customer account is a concept of?Solution
IMPS is Immediate Payment Service, it is an instant payment inter-bank electronic funds transfer system in India. It helps customers transfer money instantly from one account to another. Using IMPS, you can send money in real-time, and it will be credited to the beneficiary's account within seconds.
The following taxable services from the whole of the service tax leviable thereon under Section 66B are exempt EXCEPT:
X Ltd. provides you the following information to calculate P/V ratio.
Fixed cost = Rs. 40,000, Break-even point = Rs. 1,00,000
The time limit for applying for GST registration is within __________ of becoming liable to obtain GST registration.
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
A lessee signs a 6-month lease of office space with no renewal option. Should it apply Ind AS 116 lease accounting?
A firm uses straight line for depreciation. It revises useful life from 10 to 5 years at midpoint (after 5 years) with no salvage. Effect on annual depr...
What is the minimum duration for which a Small Account can remain operational after opening, if the account holder has not furnished any Officially Vali...
According to section 22 of The Negotiable Instruments Act 1881, A note or bill, which is not expressed to be payable on demand, at sight or on presentme...
What is the standard TDS rate applicable to interest on securities as per Section 193 of the Income Tax Act, 1961?
A company issued â‚ą10 lakh equity, redeemed â‚ą5 lakh debentures, paid dividend â‚ą2 lakh. Received interest â‚ą1 lakh. What is net cash from financing?
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