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As per Section 34- The following sums shall be deducted from the gross profits as prior charges, namely:— (a) any amount by way of depreciation admissible in accordance with the provisions of sub-section (1) of section 32 of the Income-tax Act or in accordance with the provisions of the agricultural income-tax law, for the time being in force, as the case may be; (b) subject to the provisions of section 35, any direct tax which the employer is liable to pay for the accounting year in respect of his income, profits and gains during that year; (c) such further sums in respect of the employer as may be prescribed by the Central Government.
The speed of Boat is given as 20 km/hr and 28 km/hr while travelling to Upstream and downstream individually.Then, the boat travelled for ‘T’ hours ...
The speed of the stream is 15 km/h. Boat ‘A’ covers 100 km distance against the stream in 4 hours and boat ‘B’ covers 90 km distance against the...
A boat's speed in still water is 12 km/hr, and the current’s speed is 4 km/hr. If the boat takes a total of 18 hours to travel ‘x’ km each in both...
A car has to cover a distance of 240 km in 30 hours. If it covers half of the journey in 3/5 th of the time, the speed to cover the remainin...
When travelling downstream, a boat takes 5.25 hours to travel 147 km. If the speed of the stream is (3/7)th of downstream speed of the boat, ...
A boat can cover 140 km in downstream in 14 hours and 96 km in upstream in 12 hours. Find the distance travelled by the boat in still water in 5 hours.
The speed of a boat is that of the current of water is 35:6. The boat goes along with the current in 5 hours 10 minutes. Approximately at what time it w...
A boat travels 315 km downstream in 7 hours and 135 km upstream in 9 hours. Determine the total time the boat takes to cover 150 ...
A boat goes 52 km in upstream in 4 hours and takes 3 hours to complete a distance of 21 km in downstream. Find the speed of boat in still water.