The amount of interest received from a single post office savings account is exempt from income tax to the extent of
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Commerce · all questionsIncome Tax and Corporate Tax
Income Tax and Corporate Tax
practice.
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Which of the following form is applicable to a company, other than a company claiming exemption under section 11 (exemption under section 11 can be claimed by charitable/religious trust)?
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Which among the following is a correct statement about residential status of a company?
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Losses can be carried forward by
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Sections 28 to 44D of Income Tax Act, 1961 related to:
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The scheme of advance rulings was introduced by the Finance Act, 1993. Chapter XIX-B of the Income-tax Act, which deals with advance rulings, came into force with effect from:
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If a person leaves India permanently on 15th November 2006, his assessment year for income earned upto 15th November 2006 will be
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The advance ruling pronounced by the Authority for Advance Ruling as per section 245 is binding:
(1) in respect of transaction for which ruling has been sought.
(2) on income-tax authorities.
(3) on the applicant.
(4) on all other persons having similar transaction.
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(1) in respect of transaction for which ruling has been sought.
(2) on income-tax authorities.
(3) on the applicant.
(4) on all other persons having similar transaction.
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Agriculture income is exempted from income tax under which of the following section of Income Tax Act, 1961:
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If a sum of money is gifted by a husband to his wife, income generated there from is taxable in the hands of husband under the clubbing provisions of Section 64(1). Section 64(1) is not applicable, if gift is made by the same person out of the funds of his Hindu Undivided Family in capacity as karta of the family. In such a case it is
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Compulsory audit of account books is covered
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Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is:
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The time to rectify the defect in return given by assessing officer, after given intimation of such defect by him is
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Match List-I with List-II:
| List-I | List-II |
| a. 80TTA | 1. Deduction in respect of payment of interest on loan taken for higher education |
| b. 80CCD | 2. Deduction in respect of interest on loan taken for respect of interest on loan taken for residential house property |
| c. 80E | 3. Deduction in respect of interest on deposits in savings account |
| d. 80EE | 4. Deduction in respect of contribution to national pension system |
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Monthly pension on retirement is
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Out of the following, which expense is not an admissible expense?
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Which of the following expense/loss is not admissible as deduction while computing income from business and profession?
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Unabsorbed depreciation which could not be set off in the same assessment year, can be carried forward upto
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Under capital gains head of the Income Tax Act, the income from sale of Household Furniture is:
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Q100
Open questionFactoring and forfeiting have not taken off in the Indian economy due to lack of expertise and experience. One is not included in the factoring services rendered:
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