Income Tax And Corporate Tax - Study Mode
[#51] Rule of previous year does not applicable to-
Correct Answer
(D) All of the above
[#52] A legal entity that exists in one jurisdiction but is owned or controlled primarily by taxpayers of different jurisdiction is called:
Correct Answer
(B) Controlled foreign corporation
[#53] As per Section 207, . . . . . . . . not having any income from business or profession is not liable to pay advance tax.
Correct Answer
(D) A resident senior citizen
[#54] On receipt of the notice from the Assessing Officer to pay advance tax, if the taxpayer's estimate is lower than the estimate of the Assessing Officer, then he has to send intimation through which of the following Form No. to the Assessing Officer?
Correct Answer
(D) 28A
[#55] On fulfilling certain conditions, for an undertaking set up in special economic zones, deduction under Section 10AA of the Income Tax Act is allowed for
Correct Answer
(C) 15 years