Life insurance is such a contract between an insurance policy holder and an insurer or assurer company, where the insurer promises to pay a designated beneficiary or a sum of money upon the death of an insured person. According to the mode of the contract, other events such as terminal illness or critical illness can … Read more
TDS MCQ question with Answer pdf 1) The rate of TDS on rental payments of plant, machinery or equipment is:a. 2%b. 5%c. 10%d. 20% 2) The rate of TDS on interest on securities other than government securities is:a. 5%b. 10%c. 20%d. 15% 3) Any person responsible for paying to a resident any sum exceeding rs. … Read more
Section 80G of the Income Tax act Contributions made to some relief funds and charitable institutions TRUST and NGO can be claimed as a deduction under Section 80G of the Income Tax Act. However all donations are not eligible for deductions under section 80G. Only Donations made to certain prescribed funds may qualify as a … Read more