Ramakanth draws a salary of Rs. 15,000 per month. He contributes Rs. 5000 per month towards PPF. He also donates Rs. 1250 per month towards medical research. Calculate the income tax Ramakanth has to pay.
Correct Answer - Entry in all Cases: Dr Sundry Assets A/c- ₹ 6,60,000 and Goodwill A/c - ₹ 20,000;
Cr . Sundry Liabilities A/c - ₹ 80,000 and star Ltd....
The given statement is true; infrastructural development in an economy increases productivity, induces higher investment, facilitates employment, and generates more income. With the rise in income the quality of life...
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