The 'Vivad se Vishwas' scheme (2024) is for: MCQ with Answer and Explanation

Question Report Error
The 'Vivad se Vishwas' scheme (2024) is for:
A. Direct tax disputes
B. All tax disputes
C. Customs disputes
D. GST disputes
Answer: Option A
Solution (By JKExamLibrary)
Vivad se Vishwas (2024) is a scheme for settlement of pending income tax disputes.
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 'Key Audit Matters' (KAM) are required to be reported in the auditor's report for:
A. Only insurance companies
B. All entities
C. Listed entities (and certain other cases when required by law or voluntarily)
D. Only banks
Discuss

Correct Answer: Option C

Explanation:
KAM reporting is mandatory for listed entities as per SA 701.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2 Report Error
Notes to Accounts are provided to:
A. Provide detailed disclosures and accounting policies
B. Replace the Trial Balance
C. Make the balance sheet look longer
D. Calculate daily cash flow
Discuss

Correct Answer: Option A

Explanation:
Notes to Accounts offer detailed breakdowns, accounting policies, and explanatory information supporting the numbers in the financial statements.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3 Report Error
A 'Partner by Holding Out' is:
A. A retired partner
B. A deceased partner's legal heir
C. A person who represents himself as a partner but is not
D. A minor admitted to benefits
Discuss

Correct Answer: Option C

Explanation:
A person who by his conduct or words allows others to believe he is a partner may be held liable as partner by estoppel or holding out.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
MCQ Shorts
Top 5 General Knowledge MCQs with Answers | GK Quiz #1 MCQ Short Top 5 General Knowledge MCQs with Answers | GK Quiz #1 Top general knowledge mcqs for jkssb, ssc , railway exams MCQ Short Top general knowledge mcqs for jkssb, ssc , railway exams Static GK MCQs 2026 | Most Expected Static GK Questions for JKSSB, JKPSC, SSC, UPSC MCQ Short Static GK MCQs 2026 | Most Expected Static GK Questions for JKSSB, JKPSC, SSC, UPSC Top 5 Current Affairs MCQs 2026 with Answers | Daily Current Affairs Quiz #1 MCQ Short Top 5 Current Affairs MCQs 2026 with Answers | Daily Current Affairs Quiz #1 Top 5 Indian Polity MCQs with Answers | Indian Constitution Quiz #1 MCQ Short Top 5 Indian Polity MCQs with Answers | Indian Constitution Quiz #1
Explore Subjects
English 15164 Geography GK 6121 Accountancy and Statistics 3179 Reasoning 0 Current Affairs 575
Practice Mix
A car covers a total distance of 240 km. It travels the first half of the distance at 40 km/h and the second half at 60 km/h. Find the average speed for the full journey.
The 'Cabinet Mission' visited India in which year?
A coin is tossed twice. The probability of getting at least one head is:
A specialized software package designed to track, coordinate, and balance retail sales registers across multiple store locations with central bank balances is an example of:
___ we go to the movies?