The 'Equalisation Levy 2.0' at 2% applies to: MCQ with Answer and Explanation
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Question #1
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'Benami Transactions' are prohibited under:
Correct Answer: Option C
Explanation:
Benami property transactions are illegal under the Benami Act.
Benami property transactions are illegal under the Benami Act.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Dividend' is paid on:
Correct Answer: Option A
Explanation:
Dividend is paid on the paid-up share capital, i.e., the amount actually received from shareholders.
Dividend is paid on the paid-up share capital, i.e., the amount actually received from shareholders.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Under the partnership act, in the absence of a deed, the profit sharing ratio is:
Correct Answer: Option B
Explanation:
The Indian Partnership Act, 1932, states that if there is no partnership deed, profits and losses must be shared equally among all partners.
The Indian Partnership Act, 1932, states that if there is no partnership deed, profits and losses must be shared equally among all partners.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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