Salary account comes under which head mcq

Author: tpap

August undefined, 2024

WebTamil Nadu Board of Secondary Education HSC Commerce Class 12th. Textbook Solutions 8117. Question Bank Solutions 3220. Concept Notes 11. Syllabus. Salary account comes … WebJun 7, 2024 · Salary Account comes under which head. A). Indirect Incomes. B). Indirect Expenses. C). Direct Incomes. D). Direct Expenses 1 answers. 31 vote . Answered by …

[Solved] Salary Account comes under which head - McqMate

WebAwards And Recognition. Winner of Manthan Award South West India 2014: Digital Empowerment Foundation in partnership with World Summit Award, Department of … tatay plastic containers

computation of income under the head salary Online Exam

WebFeb 12, 2024 · Preparing for a exam like CS Executive or CMA or other or want to evaluate yourself? Well, it’s always better to take up an online mock test or quiz to analyse your … Web3 years ago. Salary is an income, I don't know how it is indirect expense. Examveda : 5 years ago. Salary Account is generally indirect expense because it cannot be conveniently … WebJan 4, 2024 · Charging Section of Salary:-. As per sec 15 of the Income Tax Act 1961 salary is taxable:-. a) On due or receipt basis whichever is earlier. b) Any arrears of salary … tatay twister compact

Income from Salaries - 2 Salaries Questions & Answers

16 (Set-off and Carry-forward of Losses) - Income TaxPe

WebRule.5.1 Income Chargeable under the Head "SALARIES". (1) The following income shall be chargeable to income-tax under the head "Salaries" : (a) any salary due from an employer … Webdepreciation at 20 % for every completed year under reducing balance method of computing depreciation. F. Any commission due or received by a partner of a firm from the firm shall not be regarded as salary income under section 15; G. Advance salary is taxable, while advance against salary is not taxable. 7. the byron at byron resort and spa reviewWebOutstanding salary is liability for an entity, hence it is shown under the head " Current Liabilities" in the balance sheet of an entity. Outstanding salary comes under … the byron janis story

"Webfinancial year 2024-23 amounted to Rs. 40,00,000. His accounts revealed a net profit of Rs. 2,60,000. Will he be liable to pay advance tax? ** In this case, Mr. Vipul will be liable to pay advance tax in respect of income generated from medical store business if his estimated tax liability for the financial year comes out Rs. 10,000 or more. " - Salary account comes under which head mcq

Salary account comes under which head mcq

State whether the following statement is true or false with reason

WebThe motor car was self-driven by employee. Compute the income chargeable to tax under the head “Salaries” in the hands of Ms. Jyoti for the Assessment year 2024-21. Answer … WebAug 20, 2024 · Hi thanks for reply I m want to maintain my individual account in tally but confuse with some under heads in Tally Like I Received salary from my ABC company and …

Did you know?

WebSalary Account comes under which head? Option A. Indirect Incomes: Option B. Indirect Expenses: Option C. Direct Incomes: Option D. Direct Expenses: Correct Answer: ... Yes! … WebAnswer / ajinkya3089. 1) If company has paid the salary then following condition. apply. salary is the indirect expenses of the company.and we have. posted entry as a profit and …

WebNov 10, 2024 · MCQ on Income from Salary QUIZ. Income Tax MCQ – 2 Income Tax MCQ with Answers Pdf-2. 1. Computation of income from salary section is. A) Sec 11-12 B) Sec … WebThe motor car was self-driven by employee. Compute the income chargeable to tax under the head “Salaries” in the hands of Ms. Jyoti for the Assessment year 2024-21. Answer Computation of income from “salaries” of Ms. Jyoti for the A. 2024- 21 Particulars Basic salary [65,000 +22,000) * 12] – 12% * {[65,000 + 6,600 being 30% of `22,0000

http://www.accounts4tutorials.com/2014/10/income-tax-salary-theory-faq-and-mcq.html WebSalary account comes under which of the following head _____ ... Question Papers 229. Textbook Solutions 12836. MCQ Online Mock Tests 99. Important Solutions 3733. …

WebFor taxing any income under the head “Salaries”, the relation of the payer and payee should be that of the employer and the employee. In case of a partnership firm, the partners are …

WebMCQs for Class 12 Accounts ... Salaries outstanding Rs 50,000 will be record in the balance sheet under (a) ... Name any two items that are shown under the head ‘Other Current … tatay romy\u0027s transient houseWebJun 1, 2024 · As per section 15 of the Income Tax Act,1961 the following incomes are chargeable to Income-tax under the head 'Salaries'; (a) any salary due from an employer … tatay rick videoWeba. 2015-16, 2016-17 , 2024-18 and 2024-19. b. 2015-16. c. 2024-19. d. 2016-17 and 2024-19. Question 5. Mr. Aashish is getting salary of Rs 10,000 per month. His salary is due on last … tatays food truck menuWebMCQ Online Mock Tests 70. Important Solutions 3907. Question Bank Solutions 13578. ... Syllabus. State whether the following statement is true or false with reason : Salary Account comes under Indirect Expenses. - Book Keeping and Accountancy. Advertisement Remove all ads. Advertisement Remove all ads. Advertisement Remove all ads. MCQ. True or ... tatay rudy’s resortWebGiven below are important MCQs on Balance Sheet to analyse your understanding of the topic. The answers are also given for your reference. Balance Sheet MCQs. 1. On balance … tatay shower platformWebMar 6, 2024 · Gift of Rs. 2,00,000 received by employee through account payee cheque from employer is taxable under the head Income from salary Important Points Gifts received from employer:. Employers may provide a gift to an employee on a ceremonial occasion, to raise their morale, or when they perform exceptionally well. tatay storage boxesWebAccounts Payable is considered as a liability and comes under the head 'current liabilities'. It is a short-term debt payment that needs to be paid to avoid default. For example, suppose … tatay tomas acoustic