Question
Find the distance traveled by a train moving at a speed
of 90 km/h, which takes 20% less time than a truck that covers 630 km at a speed of 70 km/h.Solution
Time taken by the truck = distance/speed = 630/70 = 9 hours Time taken by train = 80% of 9 = 7.2 hours Distance covered by train = 90×7.2 = 648 km Distance from A to B = 4320/2 = 2160 m = 2.16 km
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...
GAAP stands for:
A registered dealer sells goods worth ₹5,00,000 with GST @18%. He has input tax credit (ITC) of ₹70,000. What is his net GST payable in cash?
A firm pays Rs. 3,00,000 as salary to partners, allowed as per deed. Book profit is Rs. 10,00,000. What is the maximum allowable deduction for partner�...
Residential Status of a Person is determined for
Mr. A (age 35) has a total income of ₹14,00,000. What is his tax liability for A.Y. 2024-25? (Assume no deductions)
Which section of the Income Tax Act, 1961 deals with the income from "Salaries"?
A way by which the companies raise capital without going to the public is known as __________________
Deduction under Section 80C is available up to:
As per the Finance Act 2025, what is the revised tax rate for individuals opting for the new tax regime with income between ₹12 lakhs and ₹15 lakhs?