Join StudyCab's Daily MCQ Challenge
👉 Practicing MCQs on daily basis will boost your confidence and also enhance your knowledge in topic/subject.
👉 Many students faces issues in MCQs due to lack of practice, So you can practice MCQs from our telegram channel.
👉 Daily one MCQ will be given in the channel you can answer the question as per your convenience.
👉 The challenge will start from Aug 11
👉 Practicing MCQs on daily basis will boost your confidence and also enhance your knowledge in topic/subject.
👉 Many students faces issues in MCQs due to lack of practice, So you can practice MCQs from our telegram channel.
👉 Daily one MCQ will be given in the channel you can answer the question as per your convenience.
👉 The challenge will start from Aug 11
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Hi team
Thank you for joining the channel
👉 Most of the students face issues with MCQs in exam, it's because of lack of practice of MCQs, so considering this we take a initiative for practicing MCQs on daily basis as a "Daily MCQ challenge"
👉 As the name itself indicates daily 1 MCQ will be provided to you in this channel
👉 The MCQs will be like that which is applicable for both CA/CMA students
👉 Daily MCQ will be provided before 5pm
👉 Practice the MCQs properly and with this you can boost your preparation and enhance your knowledge in that particular topic/subject
👉 Do this properly and you can score a good marks MCQs
All the best
Share this channel with your friends too
Channel link - https://t.me/study_cab
For any assistance/queries/doubts in MCQs contact in 8943 08 1450
Thank you for joining the channel
👉 Most of the students face issues with MCQs in exam, it's because of lack of practice of MCQs, so considering this we take a initiative for practicing MCQs on daily basis as a "Daily MCQ challenge"
👉 As the name itself indicates daily 1 MCQ will be provided to you in this channel
👉 The MCQs will be like that which is applicable for both CA/CMA students
👉 Daily MCQ will be provided before 5pm
👉 Practice the MCQs properly and with this you can boost your preparation and enhance your knowledge in that particular topic/subject
👉 Do this properly and you can score a good marks MCQs
All the best
Share this channel with your friends too
Channel link - https://t.me/study_cab
For any assistance/queries/doubts in MCQs contact in 8943 08 1450
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Mr. Fahad incurred a loss of ₹4 lakh in the P.Y. 2022-23 in retail trade business. Against which of the following incomes earned during the same year, can he set-off such loss?
Anonymous Quiz
36%
profit of ₹1 lakh from wholesale cloth business
11%
long-term capital gains of ₹ 1.50 lakhs on sale of land
13%
Speculative business income of ₹ 40,000
39%
All of the above
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M/s A Pvt.Ltd. a small builder & promoter reg.under GST made purchase of cement from Mr.P(an unreg person).The volume of purchase made from unreg supplier is < 20% of total purchase.(ie from reg supplier >80%)
Identify who is liable to pay tax under GST.
Identify who is liable to pay tax under GST.
Anonymous Quiz
44%
M/s A Pvt.Ltd
13%
Mr.P
33%
Supplier who is registered under GST
10%
No person shall be liable to pay GST
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Mr. X, a retailer, acquired furniture on 10th May 2022 for ₹ 10,000 in cash and on 15th May 2022, for ₹ 15,000 and ₹ 20,000 by a bearer cheque and account payee cheque, respectively.Depreciation allowable for A.Y. 2023-24 would
be
be
Anonymous Quiz
18%
2000
26%
3000
25%
3500
32%
4500
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4) M/s ABC made an arrangement with M/s PQR for supply of goods on 15th July, at this time goods didn't cross custom frontiers. The payment of goods has been made on 16th July, while the invoice was made on 18th July.What will be the Time of Supply ?
Anonymous Quiz
24%
15th July
44%
16th July
22%
18th July
10%
16th July or 18th July whichever is suitable to supplier
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5) During the P.Y. 2022-23, Mr. Vishal, a non-resident, received ₹75,00,000 on account of sale of agricultural land in Mauritius. The money was first received in Mauritius and then remitted to his Indian bank account. Is the sum taxable in India?
Anonymous Quiz
25%
No, as agricultural income is exempt u/s 10(1).
40%
No, as the income has accrued and arisen outside India and is also received outside India
15%
Yes, since it is remitted to India in the same year.
20%
Yes, as agricultural income earned outside India is not exempted in India in the hands of a NR
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A Ltd ( GST Reg. In Delhi) has appointed Mr.C (UP) to act as his agent and supply goods on his behalf to buyers in UP, A Ltd has dispatched first lot of 10000 units to Mr.C for sales to buyers in UP. Such dispatch to Mr.C
Anonymous Quiz
50%
Be treated as supply
22%
Not be treated as supply
22%
Will be treated as supply subsequently
5%
None of the above
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Mr. X, aged 61 years, earned dividend of ₹ 12,00,000 from ABC Ltd. in P.Y. 2022-23. Interest on loan taken for the purpose of investment in ABC Ltd., is ₹ 3,00,000. Income included in the hands of Mr. X for P.Y. 2022-23 would be –
Anonymous Quiz
39%
1200000
19%
960000
39%
900000
4%
200000
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8) Mr.Srinivas is a trader of icecream who wants to opt for composition scheme u/s 10(1), if all other conditions satisfies, the total effective composition tax rate applicable to Mr.Srinivas will be -
Anonymous Quiz
15%
1% of turnover in state
26%
1% of turnover of taxable supply in state
17%
5% of turnover in state
42%
Not eligible for composition scheme
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If the converted property is subsequently partitioned among the members of the family, the income derived from such converted property as is received by the spouse of the transferor will be taxable –
Anonymous Quiz
19%
as the income of the karta of the HUF
27%
as the income of the spouse of the transferor
14%
as the income of the HUF
40%
as the income of the transferor-member
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