A shopkeeper sold a electric fan costing Rs.4000 to a cinsumer giving him 10% discount . What is the taxable value of the fan
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2
taxable value= 4000- 10% of 4000
= 3600 Rs
= 3600 Rs
harshkmane97:
Is this a write answer
if you ask for taxable price, then its correct
tax will be implemented on the price after discount
Answered by
3
Taxable value = Actual cost - Discount of Actual cost
= ₹4000-10% of ₹4000
= ₹4000-10/100*4000
= ₹4000-₹400
= ₹3600
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