'Income' under section 2(24) includes -
(i) The profits and gains of a banking business carried on by a co-operative society with its members.
(ii) Any advance money forfeited in the course of negotiations for transfer of capital asset. Choose the correct option with reference to the above statements
A.Both (i) and (ii)
B.Only (i)
C.Only (ii)
D.Neither (i) nor (ii).
(i) The profits and gains of a banking business carried on by a co-operative society with its members.
(ii) Any advance money forfeited in the course of negotiations for transfer of capital asset. Choose the correct option with reference to the above statements
A.Both (i) and (ii)
B.Only (i)
C.Only (ii)
D.Neither (i) nor (ii).
The Central Government has notified Income computation and disclosure standards for computing income under the head Profits and Gains of Business and Profession - .
A. 2 B. 5 C. 8 D. 10
A. 2 B. 5 C. 8 D. 10
Anonymous Quiz
23%
A
38%
B
25%
C
14%
D
Calculate the amount of rebate u/s 87 A in case of a resident individual having total income of Rs.` 3, 00,000. For A.Y 2019-20
A. Rs.` 30,000
B. Rs.` 10,000 C. Rs.` 2,500 D. Rs.` 5,000
A. Rs.` 30,000
B. Rs.` 10,000 C. Rs.` 2,500 D. Rs.` 5,000
Anonymous Quiz
25%
A
19%
B
41%
C
15%
D
First previous year in case of a business/profession newly set up on 31-3-2019 would:
A. Start from 1st April, 2018 and end on 31st March 2019
B. Start from 31" March, 2019 and will end on 31st March, 2019
C. Start from 1st January, 2019 and end on 31st December, 2019
D. Start from 1st January, 2019 and will end on 31st March,2019
A. Start from 1st April, 2018 and end on 31st March 2019
B. Start from 31" March, 2019 and will end on 31st March, 2019
C. Start from 1st January, 2019 and end on 31st December, 2019
D. Start from 1st January, 2019 and will end on 31st March,2019
to file return on quarterly/ monthly basis, it can be changed at the (a) Beginning of every year
(b) Beginning of every month
(c) Beginning of every quarter (d) Any of the above
(b) Beginning of every month
(c) Beginning of every quarter (d) Any of the above
Anonymous Quiz
24%
a
21%
b
25%
c
31%
d
If the supplier is banking company/financial institution/NBFC, tax invoice shall be issued within ________ from the date of supply of services.
(a) 15 days
(b) 30 days (c) 45 days (d) 60 days
(a) 15 days
(b) 30 days (c) 45 days (d) 60 days
Anonymous Quiz
30%
a
26%
b
36%
c
8%
d
Non-GST supply means
(a) Supply of petroleum products and alcoholic liquor (b) Supply of money
(c) Supply of securities (d) All of the above
(a) Supply of petroleum products and alcoholic liquor (b) Supply of money
(c) Supply of securities (d) All of the above
Anonymous Quiz
28%
a
15%
b
9%
c
48%
d
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Which of the following statement(s) is/are TRUE?
S1: The decimal number 11 is larger than the hexadecimal number 11
S2: In the binary number 1110.101, the fractional part has the decimal value as 0.625
S1: The decimal number 11 is larger than the hexadecimal number 11
S2: In the binary number 1110.101, the fractional part has the decimal value as 0.625
Anonymous Quiz
23%
S1 Only
24%
S2 Only
47%
Both S1 and S2
6%
Neither S1 nor S2
DVD technology uses an optical media to store the digital data DVD is an acronym for
A.Digital Vector Disc B.Digital Volume Disc C.Digital Versatile Disc D.Digital Visualization Disc
A.Digital Vector Disc B.Digital Volume Disc C.Digital Versatile Disc D.Digital Visualization Disc
Anonymous Quiz
8%
A
17%
B
54%
C
21%
D
Which of the following correctly lists computer memory types from highest to lowest speed?
i)Secondary Storage
ii)Main Memory (RAM) iii)Cache Memory iv)CPU Registers
i)Secondary Storage
ii)Main Memory (RAM) iii)Cache Memory iv)CPU Registers
Anonymous Quiz
15%
i, ii, iii, iv
28%
iv, iii, i, ii
38%
iv, iii, ii, i
19%
iii, iv, ii, I
With regard to a word processing software, the process of combining static information in a publication together with variable information in a data source to create one merged publication is called
Anonymous Quiz
13%
Electronic mail
27%
Data sourcing
51%
Mail merge
9%
Spam mail
Read the following two statements:
I: Information and communication Technology (ICT) is considered a subset of Information Technology(IT) II: The “right to use” a piece of software is termed as copyright Which of the above statement(s) is/are CORRECT?
I: Information and communication Technology (ICT) is considered a subset of Information Technology(IT) II: The “right to use” a piece of software is termed as copyright Which of the above statement(s) is/are CORRECT?
Anonymous Quiz
47%
Both I and II
17%
Neither I nor II
18%
II Only
18%
I Only
Regarding a VDU, which statement is more correct? (a) It is an output device.
(b) It is an input device.
(c) It is a peripheral device. (d) It is a hardware item.
(b) It is an input device.
(c) It is a peripheral device. (d) It is a hardware item.
Anonymous Quiz
28%
a
24%
b
27%
c
21%
d