Q241
Open questionTax planning is done
Select an option to see the answer and solution.
Commerce · all questionsIncome Tax and Corporate Tax
Income Tax and Corporate Tax
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
816
Questions
13/41
Page
Pick an option on a question to see the right answer and solution.
Q242
Open question'International transaction' is a transaction between:
Select an option to see the answer and solution.
Q243
Open questionPercentage involved in production and sale of tea, agricultural income is considered to be-
Select an option to see the answer and solution.
Q244
Open questionWhich of the following is not a condition to be fulfilled for relief to be granted under section 91 of the Income Tax Act?
Select an option to see the answer and solution.
Q245
Open questionRevision of assessment ordered is covered under Section
Select an option to see the answer and solution.
Q246
Open questionDeduction allowed under Section 80C, towards any sum paid an individual to effect or to keep an insurance on the life of
Select an option to see the answer and solution.
Q247
Open questionUnder what head is the salary of an MP taxable?
Select an option to see the answer and solution.
Q248
Open questionLoss from speculation business cannot be set off against profit from any non-speculation business, however:
Select an option to see the answer and solution.
Q249
Open questionWhat are the incomes are considered as an agricultural income?
Select an option to see the answer and solution.
Q250
Open questionWhich of the losses cannot be carried forward, if the return of loss is not submitted in time?
Select an option to see the answer and solution.
Q251
Open questionForm issued for TDS on salary is
Select an option to see the answer and solution.
Q252
Open questionWhich of the following sections deal with PAN?
Select an option to see the answer and solution.
Q253
Open questionWhich of the following sections of Income Tax Act is related to residential status?
Select an option to see the answer and solution.
Q254
Open questionWhich of the following statements are true in context of deductions?
Select an option to see the answer and solution.
Q255
Open questionMatch the items of List-I with List-II.
| List-I | List-II |
| a. Tax Planning | 1. Making suitable arrangement of TDS |
| b. Tax Avoidance | 2. Understatement of Income |
| c. Tax Evasion | 3. Availing deduction under Section 10A of IT Act |
| d. Tax Administration | 4. Misinterpreting the provisions of the IT Act |
Select an option to see the answer and solution.
Q256
Open questionInterest for default in payment of advance tax is covered under Section
Select an option to see the answer and solution.
Q257
Open questionX donated Rs. 20,000 to a charitable institution, which is eligible for deduction U/S 80 G, during the financial year 2018-19. His total income during the period was Rs. 1,50,000. How much deduction he can claims U/S 80G?
Select an option to see the answer and solution.
Q258
Open questionA loss in business suffer due to
Select an option to see the answer and solution.
Q259
Open questionAs per section 194J, tax is to be deducted in respect of:
Select an option to see the answer and solution.
Q260
Open questionThe income tax act, 1961 came into force-
Select an option to see the answer and solution.