Question
In a certain code language, ‘WE’ is written as
‘14’, ‘OUT’ is written as ‘28’. What is the code for ‘WAR’ in that code language?Solution
Pattern is- keep the place value of each word WE- 23+5 ÷2 = 14 OUT- 15 + 21 + 20 ÷2 = 28 WAR – 23 +1 + 18 ÷2 = 21 Hence option 1
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?
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...
A company avails ITC (Input Tax Credit) on office furniture purchase. Later, GST auditor disallows it. Is he right to do so, support your answer with re...
A domestic company reports ₹2 crore as book profit. As per section 115JB, if its normal tax liability is ₹12 lakh, what is the Minimum Alternate Tax...
An employee receives gratuity of ₹12 lakhs on retirement. What is the maximum tax-exempt amount under the Income Tax Act?
First Auditor of a company is appointed by the ________________________
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...
A trader crosses the threshold limit for GST registration in June. He registers on July 10. He raises a taxable invoice on July 5. Is GST applicable?
Residential Status of a Person is determined for
A company receives rent of ₹6 lakh in FY2024–25. It has to deduct TDS under which section?