15february2025dailycaquiz

I. Under the new system, income will be assessed in the same tax year in which it is earned.
II. For businesses established mid-year, the tax year will start from April 1 of the following year.
Which of the above statements is/are correct?

I. The devolution percentage has increased from 39.9% in 2013-14 to 43.9% in 2021-22.
II. Tamil Nadu and Maharashtra are the top two states in devolution rankings.
Which of the above statements is/are correct?

I. FATF (Financial Action Task Force) was established with the primary objective of regulating global stock markets.
II. India became a full member of FATF in 2010.
Which of the above statements is/are correct?