alleryStart learning →Half-year profit before tax is Rs 6,00,000 and the expected annual tax rate is 30 percent. Tax for the half-year is:
ARs 1,50,000
BRs 2,10,000
CRs 1,80,000
DRs 2,40,000
Answer & Solution
Correct answer: C. Rs 1,80,000
Applying the expected annual rate of 30 percent to the year-to-date profit of Rs 6,00,000 gives Rs 1,80,000.
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