Question

(v) Gift tax How are the following treated in estimating national income/domestic in reasons. (1) Services of owner occupied houses (11) Sale of shares (iii) Production for self consumption (iv) Old-age pension 6. Giving reasons, explain how the following should be treated in estimation of national income: (i) Expenditure by a firm on payment of fees to a chartered accountant (ii) Payment of corporate tax by a firm (iii) Purchase of a refrigerator by a firm for own use treated in estimation of national



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bro answer my question High and low tides in sea are the examples of periodic changes ?