MODVAT was introduced by incorporating Rules 57A to 57J in the Central Excise Rules ___ HomeFinancial Accounting MCQsMODVAT was introduced by incorporating Rules 57A to 57J in the Central Excise Rules ___Q. MODVAT was introduced by incorporating Rules 57A to 57J in the Central Excise Rules ___A. 1932B. 1944C. 1952D. None of the aboveAnswer: None of the above
Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) then the type of receipt is nature and profit on sale is