In the context of taxation, the term 'Input Tax Credit' (ITC) is associated with: MCQ with Answer and Explanation

Explanation:
Depreciation is a non-cash transaction and does not involve a source document like invoice; it's recorded via journal voucher but is not an external voucher. But the term 'non-voucher' might refer to transactions without a supporting document. Depreciation entry has no source document, so it's often a journal entry. The question is ambiguous but likely pointing to depreciation as a non-cash transaction without physical voucher. Answer A.

Explanation:
Self-assessment tax is tax paid voluntarily by the taxpayer on income after considering TDS and advance tax.

Explanation:
On retirement, the firm continues, assets and liabilities are revalued, and retiring partner's dues are settled.