Bank Clerk Questions

The standard deduction of Rs. 40,000 is seek to provide relief to salaried tax payers in the Budget proposals in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses.

A change to the Constitution is called as An Amendment.

An Amendment ::

An Amendment is ratified after two-thirds of the House and Senate approve of the proposal and send it to the states for a vote. That Convention can propose as many amendments as it deems necessary. Then, three-fourths of the states must affirm the proposed Amendment.

The only transport method that can move species against their concentration gradient i.e, from low to high concentration is called Active transport.

Facilitated diffusion only moves species down their concentration gradient i.e, from high to low concentration.

Any two amino acids vary structure by the r-group, otherwise all amino acids are in the same structure. All amino acids have in common carboxyl group -COO , amino group -NH3+ and a hydrogen -H and a r-group which are all bonded to a central carbon.

Let the number be x. Then,

15x - x = 56

x = 4

Capital Gains Tax on Property:

1. Short term,

2. Long term

Short Term Capital Gain on property is considered as a gain from selling a property which was held by you for less than 36 months. As a taxpayer, you are liable to pay tax on short term capital gain on property as per your applicable marginal income tax slab.

* Current Short Term Capital Gains tax rate is 30%.

Long Term Capital Gain

When you sell your property that is owned by you for more than three years, any gain arising from such sale will be considered as long term capital gain. Long term capital gain is calculated as the difference between net sales consideration and indexed cost of property.

* Current Long Term Capital Gains tax rate is 20%.