Q281
Open questionThe exemption under section 54 shall be available:
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Commerce · all questionsIncome Tax and Corporate Tax
Income Tax and Corporate Tax
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Q282
Open questionIncome tax was imposed for the first time in India
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Q283
Open questionWhich of the following statements are correct?
1. Provision made for sales tax is admissible deduction.
2. Wealth tax paid by a company is a deductible expense.
3. Contribution to a political party is a deductible expense.
Select the correct answer using the options given below
1. Provision made for sales tax is admissible deduction.
2. Wealth tax paid by a company is a deductible expense.
3. Contribution to a political party is a deductible expense.
Select the correct answer using the options given below
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Q284
Open questionUnder Section 271C of the Income Tax Act, 1961, the amount of penalty for failure to deduct tax at source is
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Q285
Open questionSalary, bonus, commission or remuneration due or received by a working partner from the firm is taxable under the head
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Q286
Open questionAn assesse resides in his own house the valuation of which is Rs. 50 lakh and fair rent is Rs. 1 Lakh p.a. Annual value of house for the purpose of income tax will be:
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Q287
Open questionAmount of deduction in case of a person with severe disability under section 80U will be:
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Q288
Open questionThe amount paid on account or repairs of current repairs shall not include any expenditure in the nature of
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Q289
Open questionAs per Section 288 A of Income Tax Act, the taxable income shall be rounded off to the nearest multiple of:
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Q290
Open questionThe basis of determination of total income of a person is
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Q291
Open questionTax haven is a place where:
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Q292
Open questionWhich of the following provision under Income Tax Act, 1961 reflects for the set off loss from one head against income from another head is given?
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Q293
Open questionMr James, a citizen of US, arrived in India for the first time on 1st July, 2018 and left for Nepal on 15th December, 2018. He arrived to India again on 1st January, 2019 and stayed till the end of the financial year 2018-19. His residential status for the assessment year 2019-20 is
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Q294
Open questionWhen compared to a multilateral transfer pricing agreement. What is the main advantage of a unilateral agreement?
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Q295
Open questionWhich of the following would not be considered as a permanent home in context of tie-breaker rule for dual residency?
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Q296
Open questionWho do people often define to tax evasion?
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Q297
Open questionSource rule of taxation provides that income is to be taxed
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Q298
Open questionTax rates on the basis of slab system are applicable for the following assessee.
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Q299
Open questionIn case of salary, the liability to deduct tax at source arise
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Q300
Open questionIf recipient of income fails to furnish his Permanent Account Number to deductor of tax, the tax shall be deducted
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