Income Tax And Corporate Tax - Study Mode

[#526] The carry forward of losses is permissible if the return of income for the year in which loss incurred is:
Correct Answer

(A) Filled on time

[#527] Which of the followings are correct in context of Tax Deducted as Source? 1. Form 24Q-TDS on Salaries 2. Form 26Q-TDS on payments other than Salaries 3. Form 27Q-TDS on payments made to Non-Residents
Correct Answer

(D) All of the above

[#528] Mr P was born on 18 th 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
Correct Answer

(A) a person of Indian origin

[#529] Deduction under Section 36(1) shall be allowed of those expenditure which are of
Correct Answer

(B) revenue nature

[#530] Deduction in respect of contribution to pension scheme of Central Government is covered under Section
Correct Answer

(C) 80CCD