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Income Tax and Corporate Tax
practice.

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An individual is said to be resident in India if

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Arrange the steps to e-filing of Income Tax Return in correct sequence:
(1) Register yourself
(2) Verify ITR V
(3) Select the requisite form
(4) Fill form and upload
Choose the correct option:

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For how many assessment years unabsorbed depreciation can be carried forward for set-off?

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The children education allowance, the amount exempted from taxable income is limited to:

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Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of:

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Which of the following statements are correct in context of short-term capital gains?

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Minimum Alternative Tax (MAT) under Section 115 JB of the Income Tax Act is applicable on:

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Which authority has right to rectify the mistakes?

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Income received in India in previous year is taxable in the hands of:

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To determine the net annual value:

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Mr P was born on 18th April, 1986 in India and later on he took the citizenship of USA. Neither his parents nor his grandparents were born in undivided India. In this Mr P shall be

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Deduction under Section 36(1) shall be allowed of those expenditure which are of

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Deduction in respect of contribution to pension scheme of Central Government is covered under Section

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Mr X, a non-resident, earned Rs. 36,000 as interest on German Development Bonds. Of this, he received in India. The amount to be included as interest for the computation of his gross total income is

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An expenditure incurred to preserve and maintain an existing asset is

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Income Tax Act Section 24 is related to

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Two enterprises shall be deemed to be associated enterprises if, at any time during the previous year, a loan advanced by one enterprise to the other enterprise constitutes not less than of the book value of the total assets of the other enterprise.

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The Income Tax Act was implemented on 1st April 1961. Which of the following areas basically falls under the scope of the Income Tax Act, 1961?

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If any of income from house property is received in previous year, then it is chargeable to tax under lead

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Which of the following is not a punishable?

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