The 'Updated Return' under Income Tax (Section 139(8A)) can be filed within: MCQ with Answer and Explanation

Explanation:
An unregistered firm cannot sue, but third parties can sue the firm.

Explanation:
The MM Hypothesis without taxes asserts that in a perfect market, the value of a firm is determined by its real assets and earning capacity, making it completely independent of how those assets are financed (capital structure).

Explanation:
It allows small businesses (up to a certain turnover) to pay a fixed percentage of turnover as tax and file simpler, less frequent returns.