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Commerce · Q499

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 499

Q499

Match the items of the List-I with List-II and indicate the correct answer: List-I List-II a. House rent allowance 1. A deduction from income b. Casual income 2. A step taken by tax authorities c. Collection charges of interest on securities 3. Taxable income d. Best judgement assessment 4. Partly taxable allowance

Match the items of the List-I with List-II and indicate the correct answer:
List-I List-II
a. House rent allowance 1. A deduction from income
b. Casual income 2. A step taken by tax authorities
c. Collection charges of interest on securities 3. Taxable income
d. Best judgement assessment 4. Partly taxable allowance
A.
a-4, b-3, c-2, d-1
B.
a-4, b-3, c-1, d-2
Answer
C.
a-3, b-4, c-1, d-2
D.
a-2, b-4, c-1, d-3

Answer: Option B

Solution

Answer: Option B
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