Analysis of Union Budget 2023-24

What is the penalty for not following the mandate for ECOs

• A)      10000 or 100% of tax whichever is higher

• B)      10000 and 100% of tax

• C)      20000 and 50% of tax

• D)      20000 or 50% of tax whichever is higher

what is the vision of amrit kaal

• opportunities for citizens with focus on the youth

• growth and job creation

• strong and stable macro-economic environment

• all of the above

IS Input tax credit available for Sec 135 under co act,2013

• yes

• no

Rebate limit under section is increased by

• 100000

• 700000

• 200000

• 500000

ECO shall not be allowed to file any GSTR-8 if five years have already elapsed from the due date of filing such return/statement

• true

• false

Limit of ________ for TDS on cash withdrawal for co-operative society

• 4crores

• 1crores

• 2crores

• 3crore

As per section 55 cost of acquisition and cost of improvement of a capital asset being any intangible asset or any other right shall be

• Nil

• 5%

• 10%

• 20%

Exemption under section 10(22B) of income arising to new agency will not be available from

• PY 2022-23 retrospectively

• AY 2024-25

• CY 2023-24

• none of the above

Tax on net winning from online games shall be calculated @

• 10%

• 20%

• 30%

• none of the above

The amount deposited in Capital Gain Account Scheme shall not exceed

• 30crores

• 20crores

• 50crores

• 10crores