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Commerce Accounting Difficulty: Medium

Which of the following section deals with the provisions relating to deduction of tax at source on interest other than interest on securities paid to a resident? Liquidity ratio does not include- Following information is available: 1. 2,000 10% preference shares of Rs. 100 each Rs. 2,00,000 2. 10,000 Equity shares of Rs. 100 each Rs. 60 per share paid up Rs. 6,00,000 3. Expected profit per year before tax Rs. 3,20,000 4. Rate of Tax 50% 5. Transfer to general reserve every year 20% of net profit 6. Normal rate of earnings 15% The value of equity share as per yield value method would be: Opportunities and threats are related to- Authors who write books and present the same to publishers can avail deductions under Section 80QQB of the Income Tax Act 1961. The maximum amount available for deduction under this section is: