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Explanation: As per Section 37- Where in any accounting year,— (a) an employer has paid any puja bonus or other customary bonus to employee; or (b) an employer has paid a part of the bonus payable under this Code to an employee before the date on which such bonus becomes payable, then, the employer shall be entitled to deduct the amount of bonus so paid from the amount of bonus payable by him to the employee under this Code in respect of that accounting year and the employee shall be entitled to receive only the balance.
Income effect states that as price of a good falls, demand rises since there is rise in
Due to which of the following reasons increase in absolute and per capita real GNP do not connote a higher level of economic development?
Which one of the following transactions will be considered as a transfer payment?
What should be done in an economy to reduce the effects of recession?
Which of the following is not a method to calculate GDP?
Which of the following statement best describe the role of a “deflator”?
The term ‘Gross’ is being used for Gross Domestic Product (GDP) because its computation does NOT exclude which of the following factors?
Price elasticity of demand of a horizontal demand curve is called:
Which of the following issues are the reasons behind the inflation in Indian Economy?
Which of the following should be excluded while calculating Gross national Product?