Identify the incorrect statement about NBFC (Nonbanking finance company)
NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below: i. NBFC cannot accept demand deposits; ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on themselves; iii. the deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in the case of banks As NBFCs cannot accept demand deposits, therefore this is the option i.e A
How much deduction under section 80TTA of Income Tax Act is allowed?
Which of the following is not considered as a Current Liability?
A long contract requires that the investor
As per Income Tax Act, Children education allowance is exempt upto?
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, calculate PV ratio?
Which of the following is not a Subsidiary Book in Accounting?
As an auditor you came across a situation where related party transactions have taken place. Which AS deals with it?
As per Schedule III of the Companies Act, 2013, long term provisions are shown –
Which of the below import duties would be imposed?
Which of the following statements about the accrual basis of accounting is true?
