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Commerce · Q312

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 312

Q312

In which of the cases the amount withdraw form Site Restoration Account shall not be taxable? 1. Amount withdrawn for the purpose specified in the scheme 2. Closure of business 3. Death of an assessee 4. Partition of HUF 5. Dissolution of a firm 6. Liquidation of a company Select the correct answer using the options given below

A.
Only 1
Answer
B.
1, 2, 3 and 5
C.
1, 3, 4 and 6
D.
1, 4, 5 and 6

Answer: Option A

Solution

Answer: Option A
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