The 'GST Compensation Cess' is levied on: MCQ with Answer and Explanation
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Question #1
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The 'Advance Tax' payment schedule for a non-corporate assessee is:
Correct Answer: Option C
Explanation:
For non-corporate taxpayers, advance tax is due in four instalments: 15th June (15%), Sept (45%), Dec (75%), March (100%) of tax due.
For non-corporate taxpayers, advance tax is due in four instalments: 15th June (15%), Sept (45%), Dec (75%), March (100%) of tax due.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Deferred Tax' on account of timing differences is calculated using:
Correct Answer: Option D
Explanation:
Deferred tax is measured using tax rates that have been enacted or substantively enacted by the reporting date.
Deferred tax is measured using tax rates that have been enacted or substantively enacted by the reporting date.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is a non-integrated accounting system?
Correct Answer: Option A
Explanation:
Non-integrated system keeps cost and financial accounts independently, with reconciliation.
Non-integrated system keeps cost and financial accounts independently, with reconciliation.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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