The government has collected Rs 157.9 crore as tax deducted at source on payments made from transfer of virtual digital currencies in March 2023. The government had brought virtual digital assets such as cryptocurrencies under the income tax net in the Union Budget 2022-23. Income from the transfer of these assets is taxed at the rate of 30%. Further, a 1% TDS is also levied on payment of transfer of these assets. Gift of VDAs is also to be taxed in the hands of the recipient.
Raj and Simran each invested a sum of ₹10,000 for three years at 25% compound interest per annum. However, while for Raj the interest was compounded a...
Neena invested Rs.15000 in a fixed deposit scheme for 2 yrs at CI of 9% p.a. How much will Neena get on maturity of the fixed deposit?
A sum of money triples itself in 6 years when invested at a certain rate of compound interest. In how many years will it amount to twenty-seven times it...
A man invests ₹50,000 in a scheme offering compound interest at 10% per annum, compounded annually. He withdraws ₹25,000 after 2 years. If he lets t...
Compound interest on a certain sum of money for 2 years is Rs.2660 while the simple interest on the same sum for the same time period is Rs.2500. Find t...
A certain sum invested in compound interest (compounded annually) grows to 5040 in three years. If the rate of interest is 25% for the first year, 40% f...
What will Rs. 40,000 amounts to in 3 years at the rate of 20% p.a., if interest is compounded yearly?
Rahul invested ₹4,000 in a scheme offering a compound interest rate of 16% per annum, compounded semi-annually. Calculate the t...
A certain sum of money amounts to ₹12,600 in 2 years and ₹14,490 in 3 years at compound interest. Find the rate of interest per annum.
