Question
According to the provisions of the MSMED Act, how is the
treatment of the amount of interest payable or paid by any buyer for the purposes of computation of income under the Income-tax Act, 1961?Solution
Section 23. Interest not to be allowed as deduction from income: Notwithstanding anything contained in the Income-tax Act, 1961, the amount of interest payable or paid by any buyer, under or in accordance with the provisions of this Act, shall not, for the purposes of computation of income under the Income-tax Act, 1961, be allowed as deduction.
Lezim is a folk dance form of which state?
Consider the following pairs:
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What was the chief objective of the 'Wahabi movement' by Syed Ahmed Barelavi?
Which inventor is credited with the development of the first practical telephone?
Who has been permitted to remit advance payment on behalf of Qualified Jewellers for import of gold through India International Bullion Exchange IFSC Lt...
Who coined the PURA (Provision of Urban Amenities in Rural Areas)?
A new policy of paramountcy was initiated by which of the following Governor General?
Who is the new Prime Minister of Japan?
According to the recently released ‘India 100 2024 ranking,’ which company has been ranked as India’s most valuable brand with a value of $28.6 bi...
According to Census 2011, the highest male-female disparity in literacy is in __________ whereas the lowest is in ______________.
