Question
Which of the following bank recently banned use of its
debit and credit cards for purchase of bitcoins?Solution
Citi India today banned use of its debit and credit cards for purchase of bitcoins and other cryptocurrencies. This is following the concerns expressed by the Reserve Bank over virtual currencies
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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