Forwarded from Company Law MCQ (CA, CS, CMA)
Q42
In the event of death of member of OPC, the new member shall nominate a new member shall nominate a new nominee within _____ days of becoming a member
In the event of death of member of OPC, the new member shall nominate a new member shall nominate a new nominee within _____ days of becoming a member
Anonymous Poll
19%
(a) 7
3%
(b) 10
39%
(c) 15
39%
(d) 30
CS Foundation & CSEET Updates
Q75
Opportunity cost is –
Opportunity cost is –
Q75 Correct Answer is (b)
DT MCQ
Q49
Finance Bill becomes the Finance Act when it is passed by ____
Finance Bill becomes the Finance Act when it is passed by ____
Q49 Correct Answer is (c)
Forwarded from CS Foundation & CSEET Updates
Q77
Providing permission to use technical know how by parent organization to another individual is known as-
Providing permission to use technical know how by parent organization to another individual is known as-
Anonymous Poll
85%
(a) Franchising
8%
(b) Agency
5%
(c) Marketing
3%
(d) Dealership
Forwarded from GST MCQ
Q70
Services by a recovery agent to M/s ZZZ Bank Ltd., are liable for GST in the hands of:
Services by a recovery agent to M/s ZZZ Bank Ltd., are liable for GST in the hands of:
Anonymous Poll
80%
(a) M/s ZZZ Bank Ltd.
14%
(b) Recovery agent
6%
(c) Both the above
0%
(d) None of the above
Forwarded from Company Law MCQ (CA, CS, CMA)
Q45
Residential status of company is to be determined for the purpose of_________
Residential status of company is to be determined for the purpose of_________
Anonymous Poll
5%
(a) Exemption
27%
(b) Registration
61%
(c) Tax liability
7%
(d) Perpetual succession
Forwarded from Chartered Accountants Updates
*DIRECT TAX BUDGET PROPOSALS*
*Highlights*
₹ 11 lac crore tax collection from ₹ 6 lac crore tax collection in last 5 years
Corporate tax rate @ 25% for companies having ₹ 400 crore sales turnover, covering 99% companies
Investment linked incentives to select sectors under section 35 AD
1.50 lacs additional deduction on interest on loans taken for buying electric vehicles
Start ups - valuation scrutiny and identification of investors to stop
Start ups assessments not to happen without prior approval
Cap gain from sale of residential house - reinvestment in start up can be made upto 31.3.21
Int deduction on housing loan to go up to ₹ 3.50 lacs for affordable house category
NBFCs - to be at par with banks for bad debts allowance
80 LA deduction, exemption of DDT etc. for IFSCs
Adhar card and PAN to be interchangeable for filing
Prefilled tax returns to be made available to assesses having salary, cap gains and other income
E scrutiny - faceless scheme to start this year without disclosing the name of AO
Digital payments - TDS of 2% on cash withdrawal exceeding ₹ 1 crore from bank account during the year
Merchants having ₹ 50 crore or more sales turnover not to levy charges on credit, debit card driven transactions
Surcharge to go up. Effective Tax rate to go up by 3 and 7 % for ₹ 2 to 5 crore and ₹ 5 crore and above
*Highlights*
₹ 11 lac crore tax collection from ₹ 6 lac crore tax collection in last 5 years
Corporate tax rate @ 25% for companies having ₹ 400 crore sales turnover, covering 99% companies
Investment linked incentives to select sectors under section 35 AD
1.50 lacs additional deduction on interest on loans taken for buying electric vehicles
Start ups - valuation scrutiny and identification of investors to stop
Start ups assessments not to happen without prior approval
Cap gain from sale of residential house - reinvestment in start up can be made upto 31.3.21
Int deduction on housing loan to go up to ₹ 3.50 lacs for affordable house category
NBFCs - to be at par with banks for bad debts allowance
80 LA deduction, exemption of DDT etc. for IFSCs
Adhar card and PAN to be interchangeable for filing
Prefilled tax returns to be made available to assesses having salary, cap gains and other income
E scrutiny - faceless scheme to start this year without disclosing the name of AO
Digital payments - TDS of 2% on cash withdrawal exceeding ₹ 1 crore from bank account during the year
Merchants having ₹ 50 crore or more sales turnover not to levy charges on credit, debit card driven transactions
Surcharge to go up. Effective Tax rate to go up by 3 and 7 % for ₹ 2 to 5 crore and ₹ 5 crore and above
Forwarded from Chartered Accountants Updates
Key Highlights of Budget 2019-20.pdf
420.7 KB
Key Highlights of Budget 2019-20
GST MCQ
Q70
Services by a recovery agent to M/s ZZZ Bank Ltd., are liable for GST in the hands of:
Services by a recovery agent to M/s ZZZ Bank Ltd., are liable for GST in the hands of:
Q70 Correct Answer is (a)
Forwarded from CS Foundation & CSEET Updates
Q82
__________is the process of choosing the proper course of action from among alternatives and calls for decision-making
__________is the process of choosing the proper course of action from among alternatives and calls for decision-making
Anonymous Poll
75%
(a) Planning
9%
(b) Managing
11%
(c) Forecasting
5%
(d) Brainstorming
Forwarded from GST MCQ
Q73
In case of lottery procured from State Government by a lottery distributor, GST is payable by:
In case of lottery procured from State Government by a lottery distributor, GST is payable by:
Anonymous Poll
69%
(a) Lottery distributor
19%
(b) State Government
9%
(c) Both the above
3%
(d) None of the above
Forwarded from DT MCQ
Q57
Part 3 of schedule I of The Finance Act, 2018 gives rate of advance tax payable for the AY ___
Part 3 of schedule I of The Finance Act, 2018 gives rate of advance tax payable for the AY ___
Anonymous Poll
42%
(a) 2018-19
54%
(b) 2019-20
4%
(c) 2017-18
1%
(d) 2016-17
DT MCQ
Q57
Part 3 of schedule I of The Finance Act, 2018 gives rate of advance tax payable for the AY ___
Part 3 of schedule I of The Finance Act, 2018 gives rate of advance tax payable for the AY ___
Q57 Correct Answer is (b)
Forwarded from CS Foundation & CSEET Updates
Q85
KPO stands for-
KPO stands for-
Anonymous Poll
85%
(a) Knowledge process outsourcing
3%
(b) Knowledge public organization
8%
(c) Key public offer
4%
(d) Know potential output
Forwarded from DT MCQ
Q63
Which of the following payment received from Sukanya Samriddhi scheme is.are Exempt?
Which of the following payment received from Sukanya Samriddhi scheme is.are Exempt?
Anonymous Poll
8%
(a) Interest
19%
(b) Maturity amount (withdrawals)
70%
(c) Both (a) & (b)
3%
(d) None of the above.