Question: Attempt all the questions. 1. What are allowances? Explain one with example when it is considered as taxable. 2. a What are benefits? Name a

Attempt all the questions. 1. What are allowances? Explain one with example when it is considered as taxable. 2. a What are benefits? Name a few benefits. 3 marks b) Explain with example when benefits are taxable or non taxable 3 marks 3. What is GST Payable and GST Recoverable accounts? Explain with example

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Question 1 What are allowances Explain one with example when it is considered as taxable Answer Allowances are financial benefits given to employees b... View full answer

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