The term "Previous year" is defined under Section 3 of the Income Tax Act. This section provides definitions for various terms used in the Income Tax Act, and "Previous year" refers to the financial year immediately preceding the assessment year.
Which of the following statements correctly defines the term ‘Regulatory Sandbox’?
ABC Ltd has its Earning before Interest and Tax as 45000. The tax rate applicable for the year is 25%. It has made a capital expenditure of Rs 22500 and...
A company has a profit margin of 20% and asset turnover of 4 times. What is the company‘s return on investment?
The National Electronic Funds Transfer (NEFT) system processed a record high number of transactions in a day on February 29 this year. How many transac...
When the equity shares are issued at a price above the face value, the excess price received over the face value of shares, is credited to which of the ...
Which of the following appears under the heading 'Reserves & Surplus' in the balance sheet?
Issuing bonds by a company would be considered in which activity in a cash flow statement?
Which regulatory body governs Limited Liability Partnership (LLP) firms in India?
A security is a freely marketable and the investor has an intention to hold it for dividend income purposes for a period of 15 months only. Under which ...
Which financial services company has launched electronic bank guarantee services for its MSMEs and corporate clients in association with National E-Gove...
