Generally, income taxes are based on the____________________?

Related Mcqs:

An investment of Rs. 100 lakhs is to be made for construction of a plant, which will take two years to start production. The annual profit from the operation of the plant is Rs. 20 lakhs. What will be the payback time ?

A. 5 years B. 7 years C. 12 years D. 10 years...

In an ordinary chemical plant, electrical installation cost may be about ____________________?

A. 10-15% of purchased equipment cost B. 3-10% of fixed capital investment C. Either A. or B. D. Neither A. nor B....

The payback method for the measurement of return on investment___________________?

A. Gives a correct picture of profitability B. Underemphasises liquidity C. Does not measure the discounted rate of return D. Takes into account the cash inflows after the recovery of investments...

“Break-even point” is the point of intersection of_____________________?

A. Fixed cost and total cost B. Total cost and sales revenue C. Fixed cost and sales revenue D. None of these...

Operating profit of a chemical plant is equal to___________________?

A. Profit before interest and tax i.e., net profit + interest + tax B. Profit after tax plus depreciation C. Net profit + tax D. Profit after tax...