A change in depreciation method is treated as: MCQ with Answer and Explanation

Explanation:
If the incoming partner pays for goodwill privately or through firm, if paid to firm, entry is Cash Dr. To Premium for Goodwill A/c.

Explanation:
Section 80D allows a deduction of up to ₹25,000 for health insurance premiums paid for self, spouse, and dependent children (if below 60 years). For senior citizens, the limit is ₹50,000.

Explanation:
Capital reserve, generally, can be used for issuing fully paid bonus shares, not for dividend distribution (except some specific reserves).