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Question: How is taxable income calculated for an individual?Options: Gross income - DeductionsNet i..
Question: What is the residential status of an individual who has stayed in India for 182 days or mo..
Question: Which of the following is exempt from GST?Options: Healthcare servicesRestaurant servicesT..
Question: What is the GST rate on most goods and services in India?Options: 5%12%18%28%Correct Answe..
Question: Which of the following is a valid deduction under Section 80C?Options: Health insurance pr..
Question: What is the threshold limit for tax audit in India for individuals and firms?Options: Rs. ..
Question: Which form is used for filing income tax returns for individuals with income from salary, ..
Question: What is the maximum penalty for late filing of income tax returns under Section 234F?Optio..
Question: Which of the following is NOT a valid reason for filing income tax returns?Options: Income..
Question: What is the due date for filing income tax returns for individuals in India for the financ..
Question: Which of the following is NOT a component of taxable income?Options: SalaryDividendsGifts ..
Question: What is the tax rate for long-term capital gains on listed equity shares in India?Options:..
Question: Which of the following is exempt from income tax?Options: Agricultural incomeSalaryRental ..
Question: What is the residential status of an individual who has stayed in India for 182 days or mo..
Question: Which of the following is considered as income from other sources?Options: Interest on sav..
Question: What is the maximum deduction available under Section 80D for health insurance premiums fo..
Question: Which section of the Income Tax Act allows for deductions on investments in specified savi..
Question: What is the GST rate applicable on most goods and services in India?Options: 5%12%18%28%Co..
Question: Which of the following is NOT a type of income that is taxable under the Income Tax Act?Op..
Question: What is the basic exemption limit for individual taxpayers below 60 years of age in India ..
Question: Which financial statement provides information about a company\'s working capital?Options:..
Question: What is the primary focus of working capital management?Options: Maximizing shareholder we..
Question: Which of the following is a key indicator of working capital efficiency?Options: Current R..
Question: What is the effect of depreciation on working capital?Options: Increases working capitalDe..
Question: Which of the following is NOT a component of working capital?Options: CashAccounts Payable..
Question: What method of inventory valuation assumes that the oldest inventory items are sold first?..
Question: Which accounting standard governs the recognition of inventory?Options: IFRS 15IAS 2IFRS 9..
Question: What is the formula for calculating working capital?Options: Current Assets - Current Liab..
Question: Which of the following is considered a current asset?Options: LandAccounts ReceivableEquip..
Question: What is the primary purpose of working capital management?Options: To maximize long-term p..
