|Latest 20 Questions
What is income tax?
What is considered as income?
What is assessment year? What is the difference between assessment and previous year?
What happens if the tax return form is not signed properly?
What documents do I need to file my income tax return?
What are the charges if I file income tax returns after the due date?
What are the benefits of filing my income tax returns?
What are receipts? Are all receipts considered as income?
Is the income tax act applicable only to residents?
If I have paid more tax when filing my returns, will it be refunded?
Do I need to pay tax on gifts received?
Can anyone else sign the tax return form on my behalf?
Gyan received Rs. 5,000 advance from a customer. He showed this amount as his income, which Accounting Concept is not followed?
a) Money Measurement
Which is the accounting concept that requires the practice of crediting closing stock in the trading account?
c) Going Concern
The proprietor of a business is treated as a creditor for capital introduced by him, according to:-
a) Money Measurement Concept
b) Cost Concept
c) Entity Concept
d) Dual Aspect Concept
State the losses from which Insurance Claims can be made?
What is the meaning of Insurance Claims?
If owner's equity of a business are Rs.90,000 and profits are of Rs. 60,000 for the year calculate total assets of the business:-
a) Rs. 1,50,000
b) Rs. 1,20,000
c) Rs. 30,000
d) Rs. 1,70,000
What is Yield to Maturity in Futures and Options Trading Market?