Question
Donation given by any person except by Indian company to
Political Parties or Electoral Trust is allowed under which section?Solution
Section 80GGC of the Income Tax Act allows a deduction of 100% of the amount donated to a political party or an electoral trust by any person except an Indian company.
A person invests ₹50,000 at 12% p.a. compounded annually. Find the compound value after 3 years.
A company reports Net Sales of ₹100 lakh, Gross Profit of ₹40 lakh, and Operating Profit of ₹25 lakh. Interest is ₹5 lakh and Tax is ₹4 lakh. ...
Calculate the Debt Equity ratio of the company?
ABC Ltd. records a lease as an asset and a corresponding liability in its books under Ind AS 116. The company uses this asset in operations and deprecia...
For the financial year ended 31st March 2023, the figures extracted from the balance sheet of ABC Ltd. are as under:
Opening stock 29,000 Closing...
Under the provisions of the SARFAESI Act, 2002, specialized entities called ARCs are regulated by RBI. What does the term ARC stand for?
Which of the following insurance contracts is likely to have a significant insurance risk component?
Which of the following financial statements shows a company's retained earnings over time?
Which of the following is not an accounting equation?
If nothing is given in the financial statements about the three accounting assumptions, then it is to be treated as it. Â
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