The manager of a firm is entitled to a commission of 5% of Net profit after charging such commission. Net profit before charging commission is ₹ 42,000. Calculate the Commission of Manager.
Net profit before charging commission * Rate / 100 + Rate 42000*5/105 = 2000
According to the Insurance Act, who can receive remuneration or reward for soliciting or procuring insurance business in India?
Within how many days a person should apply for registration?
Which among the following is a Progressive Tax?
Supply of goods packed and transported with insurance. This is a..........
Sales turnover and profit during two years were as follows.
In 2003:
Sales: Rs 1.40.000
Profit: Rs 15,000
In 2004:
<...Which of the following assessee is not liable to pay advance tax u/s 207?
During a reporting period, a company’s assets increase by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore?
An assessee is required to deposit how much % of advance tax liability on or before 15th June?
If you want to record all purchase transactions in the accounting software, which shortcut key should you use?
Once the Prospectus is filed with the Registrar of Companies, it is valid for how many days?