Q181
Open questionThird instalment of advance tax payable falls due on or before
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Commerce · all questionsIncome Tax and Corporate Tax
Income Tax and Corporate Tax
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Q182
Open questionEvery salaried person as per labour law is entitled to a minimum number of paid leave every year. However, it is not necessary that an individual employee utilises all the leave he is entitled for a year. Which of the following acts has the provision of 'encashment of earned leave' under Income Tax Act, 1961?
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Q183
Open questionUnder which of the following situations, the Appellate Tribunal can rectify the mistake in the order passed by it under Sec 254(2) of Income Tax Act?
(1) If subsequent decision of the Supreme Court/High Court is available on the subject after the Appellate Tribunal's order
(2) If an assessee applies for rectification of the Tribunal's order by raising fresh grounds before the Tribunal
(3) If the omission or mistake is on the part of Appellate Tribunal
(4) If the order is passed by the Appellate Tribunal under an erroneous impression of fact or law
(1) If subsequent decision of the Supreme Court/High Court is available on the subject after the Appellate Tribunal's order
(2) If an assessee applies for rectification of the Tribunal's order by raising fresh grounds before the Tribunal
(3) If the omission or mistake is on the part of Appellate Tribunal
(4) If the order is passed by the Appellate Tribunal under an erroneous impression of fact or law
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Q184
Open questionIf the agricultural income of the female taxpayer is Rs. 8,000. His agricultural income will be added to his total income if the total income is more than the following
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Q185
Open questionWhat will be the assessment year of the financial year 2017-18
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Q186
Open questionBilateral relief could be provided by way of
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Q187
Open questionPayment of LIC premium can be claimed as deduction under Section:
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Q188
Open questionWhat will be the amount of statutory deduction on income from salary of a person whose salary income exceeds Rs. 3,00,000 for the assessment year 2006-07?
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Q189
Open questionAgriculture income includes-
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Q190
Open questionThe Gross annual value of the property depends upon:
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Q191
Open questionIntimation for assessment on the basis of return U/S 143(1) cannot be sent after the expiry of
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Q192
Open questionThe best judgement assessment is done under which of the following sections?
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Q193
Open questionAssume that Arjun has earned an income of Rs. 4 lakh by way of lumpsum consideration for copyright of book from a publisher in Country Y, with which India does not have a DTAA. The same has been taxed at a flat rate of 5% in Country Y. In India, his gross total income is Rs. 7 lakh. The double taxation relief available is
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Q194
Open questionUnder which section HUF is not entitled to deduction from Gross Total Income?
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Q195
Open questionIf a company is resident of two contracting states, namely, Country X, being the place of incorporation, and Country Y, being the place of effective management, then the company would be resident of Country Y, being the place of effective management as per
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Q196
Open questionWhich of the following statements are true?
(1) Proportional tax is based on the principle 'higher the income, higher the tax'.
(2) The tax will be economical if the cost of collection is very small.
(3) Income tax is a form of tax which is levied on individual's total earnings.
(1) Proportional tax is based on the principle 'higher the income, higher the tax'.
(2) The tax will be economical if the cost of collection is very small.
(3) Income tax is a form of tax which is levied on individual's total earnings.
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Q197
Open questionIncome tax is levied on those individuals
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Q198
Open questionNon-availability of depreciation to the lessee will . . . . . . . . his tax liability.
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Q199
Open questionTransactions between unrelated entities are carried out at
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Q200
Open questionOn the basis of residence the taxpayers can be divided into
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