Question
According to Section 12 of the Limitation Act, how is
the period of limitation calculated?Solution
Section 12 provides that the first day is included, but the last day is excluded in calculation [Section 12].
How much amount of exemption is allowed for gratuity if received at the time of retirement?
A company has ₹10 lakh in equity and ₹10 lakh in 10% debt. EBIT is ₹4 lakh and tax rate is 30%. What is the financial leverage?
Which of the following statements about the accrual basis of accounting is true?
A public company with paid up capital of Rs.10 crore or more, can appoint an individual as an auditor maximum for ________ consecutive years.
The following balances are available for a company:
Cash: ₹5L, Inventory: ₹12L, Debtors: ₹10L, Short-term investments: ₹3L
Account...
A company purchased land in 2010 for ₹10 lakh. In 2025, its market value rose to ₹60 lakh. However, the company continues to record it at ₹10 lakh...
What is the minimum amount of loan outstanding of a borrower or a guarantor who has committed wilful default , to be known as a Wilful defaulte r?
Which of the following statements is true with regard to declaring and issuing of Bonus Shares?
Section 54(b) of the Income Tax Act, 1961 refers to:
When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called
