Under FEMA, current account transactions are: MCQ with Answer and Explanation
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Question #1
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The 'Securities Transaction Tax' (STT) is levied on:
Correct Answer: Option C
Explanation:
STT is a direct tax on transactions in securities listed on recognized stock exchanges.
STT is a direct tax on transactions in securities listed on recognized stock exchanges.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Threshold Limit' for mandatory e-invoicing under GST for B2B transactions is aggregate turnover exceeding:
Correct Answer: Option C
Explanation:
As of recent updates, e-invoicing is mandatory for aggregate turnover above ₹5 crore.
As of recent updates, e-invoicing is mandatory for aggregate turnover above ₹5 crore.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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'Intangible Assets' are covered by:
Correct Answer: Option A
Explanation:
AS 26 deals with recognition, measurement, and disclosure of intangible assets.
AS 26 deals with recognition, measurement, and disclosure of intangible assets.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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