The 'e-assessment' scheme for income tax was launched to: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Accountancy and Book Keeping Questions
Question #1
Report Error
Integrated Reporting (IR) differs from traditional financial reporting because it:
Correct Answer: Option C
Explanation:
IR provides a holistic view of the organization by interconnecting financial performance with sustainability, capitals (human, natural), and strategy.
IR provides a holistic view of the organization by interconnecting financial performance with sustainability, capitals (human, natural), and strategy.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
Report Error
The concept of 'Zero Base Budgeting' was introduced in India for government budgeting in:
Correct Answer: Option D
Explanation:
Zero Base Budgeting (ZBB) was introduced in India in the 1980s as a reform in government budgeting.
Zero Base Budgeting (ZBB) was introduced in India in the 1980s as a reform in government budgeting.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
Report Error
A specific tax levied for a particular purpose on top of the basic tax rate is known as:
Correct Answer: Option D
Explanation:
A cess (e.g., Health and Education Cess) is levied for a specific purpose and the revenue must be utilized for that objective only.
A cess (e.g., Health and Education Cess) is levied for a specific purpose and the revenue must be utilized for that objective only.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
No comments yet. Be the first to start the discussion!