Question
The income of Anand is 30% more than the income of
Mayank and the income of Radhika is 70% of the combined income of Anand and Mayank. By what percentage is the income of Radhika more than that of Anand? (Correct to one decimal place)Solution
Solution –Let the income of Mayank =100
Anand     Mayank      Radhika
130       100         230×70/100=161
Radhika more income  =161-130=31
Required Percentage =
 (31/130) ×100=23.846
When is a prospectus called a Red-herring prospectus?
An employee receives gratuity of ₹12 lakhs on retirement. What is the maximum tax-exempt amount under the Income Tax Act?
A salaried employee earns ₹18 lakhs annually. In FY 2024–25, she contributes ₹1.5 lakh to PPF, ₹50,000 to NPS (u/s 80CCD(1B)), and pays ₹2 lak...
Every bank has to maintain a certain % of their deposits in the form of (Gold + Cash + bonds + Securities) with themselves. This ratio is termed as:
First Auditor of a company is appointed by the ________________________
A company has book profit of ₹20,00,000 for FY 2024-25. Its normal tax liability computed under the Income Tax Act is ₹3,50,000.
During compu...
The threshold limit for tax audit for business entities under section 44AB has been proposed to change to how much amount for those assessees, where amo...
The total of the discount column on the debit side of a cashbook is posted to the:
A company earns ₹15 lakh net profit before tax. It donates ₹1 lakh to PM CARES Fund and claims depreciation of ₹2 lakh. What is taxable income und...
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: �...