The 'Taxpayer's Charter' in India is a part of: MCQ with Answer and Explanation

Question Report Error

The 'Taxpayer's Charter' in India is a part of:

A. GST Act

B. Finance Act, 2020

C. Companies Act

D. Income Tax Act

Answer: Option B

Solution (By JKExamLibrary)

Taxpayer's Charter was introduced as part of the Finance Act, 2020, outlining rights and obligations of taxpayers.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1 Report Error

The 'Sustainability Reporting' in India for top listed companies is mandated by:

A. RBI

B. MCA

C. ICAI

D. SEBI (Business Responsibility and Sustainability Report - BRSR)

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
SEBI requires the top 1000 listed companies to file BRSR.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2 Report Error

The 'Life Cycle Costing' considers costs:

A. Only variable costs

B. Only during manufacturing

C. From product design to disposal

D. Only fixed costs

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
Life cycle costing tracks costs from research and development to after-sales service and disposal.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3 Report Error

The 'Cost Volume Profit' (CVP) analysis is a tool for:

A. Inventory valuation

B. Understanding relationship between cost, volume, and profit

C. Audit

D. Tax planning

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
CVP analysis helps in profit planning by studying effects of changes in costs and volume.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Explore All Accountancy and Book Keeping MCQs