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.
Which one of the following Sate is known as Rice Bowl of India?
Which one of the following soil type will have maximum soil erodibility factor?
Two statements are given below, one labelled as Assertion (A) and other as Reason (R).
Assertion (A): Insect resistant transgenic cotton varietie...
Which insect lays eggs in guava fruits, causing damage and rendering them unmarketable?
Which of the following scientists are credited with the discovery and understanding of the excretory role of Malpighian tubules in insects?
Among the following, which represents a true example of a biological control strategy used specifically against insect pests?
Which of the following is simple and ecofriendly technique of hybrid seed production?
Roots absorb water from soil:
Assuming bulk density and particle density of a soil as 1.5 and 2.5 g/cc, respectively, value of porosity will be:
Match List I with List II:
Choose the correct answer ...
