Dividend from Indian companies is an example of tax-exempt income.

Revenue is a temporary account that is closed at the end of the accounting period.

Direct materials costs vary directly with the level of production.

Both export of goods and sale of services to SEZ are examples of zero-rated supplies under GST.

Creativity is an example of an entrepreneurial trait, as entrepreneurs often need to innovate and think outside the box.

Export of goods is considered an exempt supply under GST.

Healthcare services are exempt from GST.

Agricultural income is exempt under Section 10 of the Income Tax Act.

All of the options listed (House Rent Allowance, Leave Travel Allowance, Gratuity) are exemptions under Section 10.

Accounts Receivable is considered a current asset as it is expected to be converted into cash within one year.

All of the above are considered supplies under GST.

An individual is considered a resident if they reside in India for 182 days or more in a financial year.

All of the above are considered as 'Residential Status' for tax purposes.

Interest on savings account is considered taxable income.

Export of goods is classified as a zero-rated supply under GST.

A residential house is considered a capital asset under the Income Tax Act.

Sale of stocks is considered as a capital gain.

All of the above are considered as supplies under GST.

Interest on savings account is considered taxable income under the Income Tax Act.

Interest on savings account is considered as income from other sources.

Interest on savings account is classified under 'Income from Other Sources'.

Healthcare services are exempt from GST.

Agricultural income is exempt from income tax.

Capital gains are included in the definition of 'Income' under the Income Tax Act.

Income from salary is included in the taxable income of an individual.

Budgeting does not guarantee profit; it helps in planning and controlling costs but does not ensure financial success.

Increased tax liability is NOT a benefit of filing income tax returns.

Marginal costing does not provide detailed fixed cost analysis as it primarily focuses on variable costs.

Marginal costing does not provide detailed fixed cost analysis as it primarily focuses on variable costs.

The Current Ratio is a liquidity measure, not a capital budgeting technique.