Income Tax And Corporate Tax - Study Mode
[#511] Which of the following is not a condition to be fulfilled for relief to be granted under section 91 of the Income Tax Act?
Correct Answer
(C) The assessee has not paid tax on the income in the foreign country
[#512] Revision of assessment ordered is covered under Section
Correct Answer
(C) 263
[#513] Deduction allowed under Section 80C, towards any sum paid an individual to effect or to keep an insurance on the life of
Correct Answer
(D) All of the above
[#514] Under what head is the salary of an MP taxable?
Correct Answer
(D) Income from other source
[#515] Loss from speculation business cannot be set off against profit from any non-speculation business, however:
Correct Answer
(A) Loss from non-speculative business can be set off against speculation income