Question
Which device measures
temperature?Solution
Barometer → measures atmospheric pressure. Manometer → measures pressure of gases/liquids. Ammeter → measures electric current. Only a thermometer measures temperature.
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: �...
An employee receives gratuity of ₹12 lakhs on retirement. What is the maximum tax-exempt amount under the Income Tax Act?
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on salary mentioned?
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...
Cash withdrawn by the proprietor from the business for his personal use’ causes
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?
Preference shareholders can vote on all the resolutions placed before the company if________________
An employee receives gratuity of ₹12 lakhs on retirement. What is the maximum tax-exempt amount under the Income Tax Act?
A company receives rent of ₹6 lakh in FY2024–25. It has to deduct TDS under which section?
A registered dealer sells goods worth ₹5,00,000 with GST @18%. He has input tax credit (ITC) of ₹70,000. What is his net GST payable in cash?
