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.
Match the following:
A) ADB Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â P) Tehran
B) ACU Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Q) Tokyo
C) AfD...
Goods whose demand increases as their price rises are known as?
The long-term fiscal policy aims to maintain the stability of which of the following?Â
Which is the parameter for the economic development ?
Which one of the following is the most appropriate measure of country’s economic Growth?
Philips Curve is a graphic curve advocating a relationship between which factors?
What is the definition of a supply chain in a business context?
The monetary policy is India is formulated by which of the following authority?
During which Five-Year Plan did India adopt the strategy of a mixed economy?
What are barter transactions best described as?
