Q421
Open questionDue to some dispute, the salary of a person is retained by an order of the court. Then, such salary will be
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Commerce · all questionsIncome Tax and Corporate Tax
Income Tax and Corporate Tax
practice.
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Q422
Open questionDue date of furnishing return of income in case of a non-working partner shall be . . . . . . . . of the assessment year, whether the account of the firm are required to be audited or not.
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Q423
Open questionMatch the following.
| List-I | List-II |
| a. When the assessee is in default or is deemed to be in default in making payment of tax, including the tax deducted at source | 1. Section 271(1)C |
| b. Failure to pay the advance tax as directed by the assessing office | 2. Section 273(1) |
| c. Concealment of particulars of income or furnishing of inaccurate particulars of income | 3. Section 201(1) |
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Q424
Open questionNature of tax planning includes
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Q425
Open questionUnder the Income Tax Act, 1961, depreciation on machinery is charged on:
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Q426
Open questionWhich one of the following statement is true?
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Q427
Open questionThe benefits of debt financing over equity financing are likely to be highest in which of the following situations?
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Q428
Open questionCapital gain on shifting of industrial undertaking from urban area to any special economic zone is
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Q429
Open questionShort-term capital gain other than covered under section 111A is charged to tax at:
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Q430
Open questionIf an asset is used for scientific research related to the business of assessee, is used in business for sometime and then sold, the selling price is deducted from the WDV of the block of asset. This will reduce
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Q431
Open questionAccording to Section 60, income is clubbed if
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Q432
Open questionAs per the rules pertaining to Income Tax Act, any asset which is acquired during the previous year and has been put to use for 50 days will be allowed to deduct depreciation as:
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Q433
Open questionConsider the following statements.
1. E-filing of return can filed without digital signature as well.
2. PAN can be used to pay the TDS deducted into government account.
3. In 1972, system of Permanent Account Number was introduced.
Which of the statement(s) given above is/are correct?
1. E-filing of return can filed without digital signature as well.
2. PAN can be used to pay the TDS deducted into government account.
3. In 1972, system of Permanent Account Number was introduced.
Which of the statement(s) given above is/are correct?
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Q434
Open questionBanking Ombudsman Scheme was introduced by RBI with effect from:
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Q435
Open questionWhich of the following person is eligible to seek advance ruling from authorities?
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Q436
Open questionConsider the following statements.
Assertion (A): Tax evasion is undertaken by employing unfair means.
Reason (R): Payment of tax is avoided through illegal means or fraud for tax evasion.
Assertion (A): Tax evasion is undertaken by employing unfair means.
Reason (R): Payment of tax is avoided through illegal means or fraud for tax evasion.
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Q437
Open questionAs per the terminologies defined by the Income Tax Act, the year in which income is earned is called . . . . . . . . and in which the income is taxable is called . . . . . . . .
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Q438
Open questionDividends declared by Unit Trust of India or by mutual fund is:
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Q439
Open questionGross annual value shall be higher than:
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Q440
Open questionMatch List-I with List-II:
Choose the correct option from those given below:
| List-I | List-II |
| a. Sec 6(i) | 1. Agriculture Income |
| b. Sec 10AA | 2. Leave Travel Concession |
| c. Sec 10(i) | 3. Resident |
| d. Sec 10(5) | 4. Leave Salary |
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