Manifaa Accounts Academy

A company purchases equipment for Rs. 10,000. The estimated useful life of the equipment is 5 years. The straight-line depreciation expense for the first year would be:

2 years ago | [YT] | 1

Manifaa Accounts Academy

Which of the following tax deductions can be claimed under Section 80C of the Income Tax Act?

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Manifaa Accounts Academy

The Goods and Services Tax (GST) Council is chaired by who?

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Manifaa Accounts Academy

Which of the following is the minimum taxable income for individuals under the current Income Tax regime in India (FY 2023-24)?

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Manifaa Accounts Academy

What is the deadline for filing income tax returns in India for individuals?

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Manifaa Accounts Academy

Which document is filed by taxpayers in India to declare their annual income and pay tax?

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Manifaa Accounts Academy

Which of the following is NOT a current asset?

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Manifaa Accounts Academy

The accounting equation is:

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Manifaa Accounts Academy

What is the due date for filing Income Tax Return (ITR) in India for individuals whose income does not exceed Rs. 2.5 lakhs?

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Manifaa Accounts Academy

What is the purpose of depreciation?

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