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Commerce Costing Difficulty: Medium

Which of the following statements are incorrect? i. Malthus population theory does not directly depend on the diminishing return law ii. The principle of optimum population compared population with food grains iii. The point of optimum population is fixed Select the answer Mr. Ashok Kumar has taken a mine on lease whose minimum rent is Rs. 1,00,000. The rate of royalty is Rs. 1 per ton. The production in a particular year is Rs. 80,000 tonnes. What will be the amount to be paid by Mr. Ashok? Which of the following is not a promissory note? Under Section 194IB of the Income Tax Act, 1961 an individual or HUF (who is not required to get his accounts audited U/S 44AB) who is responsible for paying to a resident any rent, shall deduct income tax, for the use of any land and building or both, if the rent exceeds Abnormal process loss can be transferred to ________.