Question
'Ankit' and 'Baldev' started a business and invested Rs.
48,000 and Rs. 54,000, respectively. Find the profit share of 'Baldev' out of total profit of Rs. 4,250 at the end of a year.ÂSolution
Ratio of profit shares of 'A' to 'B' = (48,000 x 1) :(54,000 x 1) = 8:9 So, profit share of 'B' = (4,250/17) x 9 = Rs. 2,250
NPV assumes reinvestment of the cash flows at:
A dealer supplies goods worth ₹1 lakh within state and charges GST. Which taxes will apply, and who will collect them?
Cash withdrawn by the proprietor from the business for his personal use’ causes
The remuneration of the auditor of a company shall be ________________________
When is a prospectus called a Red-herring prospectus?
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...
Mr. Raj, a salaried individual, claims HRA, standard deduction, and 80C deductions under the old regime. He is considering switching to the new tax regi...
Mr. Raj, a salaried employee, earns ₹12 lakh salary and ₹1.5 lakh interest income. He claims ₹1.5 lakh under Section 80C and ₹50,000 under Secti...
For an individual resident in India (age below 60 years), the basic exemption limit for the Financial Year 2025-26 (A.Y. 2026-27) under the NEW tax regi...
Which section of the Income Tax Act provides for a deduction of interest on a home loan for a self-occupied property?